Crypto Exchange OKX’s Polygon-Powered Layer 2, ‘X Layer,’ Hits Public Mainnet
OKX, the fourth-largest crypto trade, mentioned its new layer-2 blockchain, known as X Layer, has gone dwell on its public mainnet, a continuation within the period of main crypto firms beginning their very own distributed networks.
X Layer, beforehand often called X1, makes use of Polygon’s Chain Improvement Equipment (CDK), a customizable toolkit that lets builders construct their very own chains by making use of zero-knowledge expertise.
The information comes as different main cryptocurrency exchanges have pursued their very own layer-2 networks over the previous yr. In August, Coinbase launched its “Base” blockchain, which is constructed with Optimism’s OP Stack. Kraken is reportedly additionally serious about creating its personal layer-2 blockchain.
In a press launch, OKX mentioned its builders will probably be contributing to CDK’s codebase, and that X Layer will hook up with Polygon’s wider ecosystem by way of the AggLayer. AggLayer is a Polygon providing that goals to unify liquidity throughout numerous chains spun up utilizing the challenge’s expertise.
“OKX’s 50 million customers now have a straightforward path to onboarding to X Layer and all the opposite chains related to the AggLayer,” Polygon Labs Chief Government Officer Mark Boiron mentioned within the launch.
X Layer, which launched on testnet in November, will enable customers to entry over 170 decentralized functions (dapps), with extra slated to launch quickly.
“We envision X Layer and different layer-2 chains because the freeway infrastructure of the Web3 world, with dApps because the marketplaces and self-hosted wallets because the automobiles that take you there,” OKX Chief Advertising Officer Haider Rafique mentioned within the press launch.
