Crypto Exchange OKX Unveils Ethereum Layer-2 Network
The crypto exchange OKX has introduced the public mainnet of its latest Ethereum (ETH) layer-2 (L2) network, known as โX Layer.โ The network has successfully onboarded over 200 decentralized apps (DApps) during its testnet phase, including various DeFi, infrastructure, growth tools, bridges, wallets, SocialFi platforms, and NFT and gaming-focused projects.
Onboarding DApps on X Layer
- Over 200 DApps onboarded during testnet phase
- Includes DeFi projects, infrastructure projects, growth tools, bridges, wallets, SocialFi platforms, NFT, and gaming projects
Popular Projects on X Layer
- DeFi projects like Curve (CRV), Renzo, and QuickSwap
OKXโs Vision for X Layer
- Focus on onboarding developers and users
- Objective to enhance accessibility to on-chain applications
Key Features of X Layer
- Reduce transaction fees
- Increase transactions per second
- Optimize transaction batching and approvals
OKXโs Ambition for X Layer
- Accelerate global adoption of Web3 economy
- Offer greater individual freedom and opportunity
Haider Rafique, the Chief Marketing Officer of OKX, emphasizes the networkโs commitment to making transactions cheaper and faster for users through Zero-Knowledge Proof (ZK) technology and an EVM-compatible L2 network. Additionally, OKX aims to foster the global adoption of the Web3 economy, promising greater freedom and opportunity for millions worldwide.
OKXโs Position in the Crypto Space
Based in the Seychelles, OKX is the third-largest cryptocurrency exchange in terms of trading volume, trailing behind Binance and Bybit. The exchangeโs foray into the Ethereum layer-2 space with X Layer signifies its dedication to innovation and growth within the industry.
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Hot Take: Embrace the Future with X Layer
As OKX launches its Ethereum layer-2 solution, โX Layer,โ thereโs a palpable sense of anticipation and excitement in the crypto community. Join the movement towards faster, more cost-effective transactions and witness the evolution of the Web3 economy unfold before your eyes. Embrace the future with X Layer and be a part of the cutting-edge technology shaping the digital landscape.
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