A significant participant in the cryptocurrency exchange industry, OKX, has announced the release of X Layer, an inventive zero-knowledge Layer 2 network based on Ethereum. X Layer, created with Polygon's Chain Development Kit and officially released on Monday, promises improved transaction efficiency and lower costs while maintaining Ethereum network security. Haider Rafique, the CMO of OKX, describes the network as the "highway infrastructure" for Web3, supporting more than 170 decentralized applications and facilitating smooth and interoperable ecosystem experiences.
OKX, which incorporates its platform token to manage transaction fees on X Layer, is expanding strategically with this launch. By giving OKX's 50 million users worldwide a simple onboarding process and enabling a uniform liquidity and user experience across different chains via its blockchain aggregation layer, AggLayer, this breakthrough is anticipated to greatly increase user engagement.
