OKX Debuts Ethereum Layer-2 Network to Rival Coinbase's Base! 🚀😲

Breaking News: Ethereum-Based X Layer by OKX Goes Live on Mainnet

Attention crypto enthusiasts! Exciting news in the world of blockchain technology as the Ethereum-based layer-2 scaling network, X Layer, developed by OKX, has officially launched on the public mainnet. Discover the latest development offering crypto users faster and more cost-effective transactions compared to Ethereum’s mainnet.

What is X Layer?

Let’s delve deeper into the specifics of this groundbreaking network:

– X Layer is built using the Polygon CDK
– One of the first networks to leverage Polygon’s AggLayer
– OKX’s Chief Marketing Officer, Haider Rafique, highlights the limitless potential of X Layer
– Emphasizes seamless and interoperable user experience
– Strong community support driving innovation and growth
– OKX, a leading Singapore-based exchange with over 50 million users globally
– $4.9 billion in trading volume in the last 24 hours
– Competing with major exchanges like Coinbase in terms of trading volume

Comparing X Layer and Coinbase’s Base Network

Let’s compare X Layer with another popular layer-2 network:

– Coinbase’s layer-2 network, Base, utilizes Optimism’s OP Stack
– Attracted around 8 million users since its launch in July
– Processed 154 million total transactions according to Dune Analytics

The Benefits of Layer-2 Networks

Explore the advantages of layer-2 networks like X Layer:

– Cost-effective transactions for users
– Enhanced accessibility to decentralized applications (dapps)
– X Layer provides access to 170 dapps with plans for further expansion

Unique Features of X Layer

Discover the distinctive elements of X Layer:

– Embraces zero-knowledge (ZK) proofs for enhanced security and privacy
– Supports interoperability across different chains for a unified Web3 experience
– Connection to the AggLayer resolves liquidity fragmentation across chains

Hot Take: The Future of X Layer

Get ready for a new era in blockchain technology with X Layer by OKX:

– Revolutionizing transaction speed and cost efficiency for crypto users
– Paving the way for a seamless and interconnected Web3 ecosystem
– Stay tuned for further updates and developments on X Layer and its impact on the crypto industry