OKX launches X Layer public mainnet, bringing 50 million users on-chain

On April 16, the world's leading crypto assetexchangeThe X Layer public mainnet was officially launched with Web3 technology company OKX. X Layer is an Ethereum Layer2 network based on ZK technology.Xiaobai Navigationn CDK is used to build and realize the shared status and liquidity between multiple chains through AggLayer, which is both innovative andSafetysex.

X Layer aims to leverage advanced technologies to enable millions of users to interact with on-chain applications more cheaply and quickly. In addition to using ZK technology to enable transactions toSafetyIn addition to improving performance, scalability and reducing costs, X Layer is also compatible with the Ethereum Virtual Machine (EVM), allowing dApps built on Ethereum to be deployed seamlessly without requiring much development work.

Haider Rafique, Chief Marketing Officer of OKX, said: “X Layer is for visionary developers who are creating applications to help bring millions of people onto the chain. We can think of X Layer and other second-layer chains as the infrastructure highways of the Web3 world, dApps as the marketplace, and self-custody as the core.walletThe vehicle that takes users there is the vehicle. To achieve this vision, we are building an ecosystem that is as seamless and interoperable as possible.CommunityAnd with connections to other Ethereum-based networks, X Layer has unlimited potential.”

X Layer adoption has grown rapidly since the launch of its mainnet testnet in November 2023. Within a week of its testnet launch, more than 50 Web3 dApps were deployed on it, including The Graph, Curve, LayerZero, QuickSwap, Galxe, Timeswap and many other well-known applications are also being deployed on X Layer. Global users can now transfer assets through the X Layer network, store and withdraw encrypted assets on OKX, and access more than 170 dApps through smartcontractExchange and pledge, etc. As X Layer is officially opened to the public, the number of dApps is expected to grow exponentially.

Today, OKX is the largest cryptocurrency exchange in the world in terms of daily trading volume (including spot and derivatives).exchangeThe crypto assets managed on the platform exceed $22 billion.walletIt is one of the most advanced portals in the Web3 world, supporting more than 90+ public chains and providing a powerful DEX and NFT market aggregator. Currently, OKX has more than 50 million users worldwide and is becoming a diversifiedCommunityThe global hub of OKX will ensure that X Layer has a large potential user base and sufficient liquidity when it is launched. OKX’s platform currency OKB will serve as the native token of the X Layer network.TokenAnd used to pay for Gas.

X Layer is powered by Polygon CDK, which is forBlockchainA cutting-edge ZK-based software development kit tailored for developers, this innovative toolkit allows developers to easily build newL2。在技术层面上，OKX开发人员也将为Polygon CDK做出贡献，确保推动X Layer的核心技术堆栈继续创新和改进。此外，X Layer将通过AggLayer与Polygon CDK驱动的其他链相连接，实现流动性的无缝过渡，从而增强X Layer的Community规模和流动性。

Marc Boiron, CEO of Polygon, said: “X Layer is a landmark next step in building a truly unified Web3 for the industry. The connection between X Layer and AggLayer solves the problem of liquidity fragmentation for users across chains on AggLayer, thereby achieving mutual growth. OKX’s over 50 million users can now easily log in to X Layer and other chains connected to AggLayer. The excellent lineup of developers building applications on X Layer proves the potential of the X Layer network, and we look forward to continuing to work with OKX to achieve common industry goals.”

About OKX

OKX is a globalcryptocurrencyexchangeand innovative Web3 technology company, and has gained the trust of more than 50 million users worldwide, providing the fastest and most reliablecryptocurrencyAs the premier partner of Premier League champions Manchester City FC, McLaren F1 Team, Olympic snowboarder Scotty James, and F1 driver Daniel Ricciardo, OKX aims to enhance the fan experience through new ways of interaction. In addition, OKX is also a top partner of the Tribeca Festival and is committed to attracting more creators to the Web3 space. OKX Wallet aims to provide the latest products for users exploring GameFi, DeFi, NFT, and the Metaverse. OKX is committed to improving transparency andSafetyFor more information about OKX, please download the app or visit: okx.com

About Polygon Labs

Polygon Labs为Polygon协议开发以太坊扩展解决方案，并与其他生态系统开发人员合作为Web3提供可扩展、负担得起、安全以及可持续的BlockchainInfrastructure. Polygon Labs initially developed a set of expanding protocols including Layer 2s (ZK rollups), sidechains, application-specific chains, and data availability protocols to facilitate developers to easily access major scaling solutions. Since its inception, these scaling solutions have been widely adopted, applied to tens of thousands of dApps, supporting more than 400 million unique addresses, and creating 2 million smart contracts.contractand processed 3.5 billion transactions. The Polygon network is now home to the largest Web3 projects such as Aave, Uniswap, and OpenSea, as well as well-known companies such as Adidas, Stripe, and Adobe. Polygon Labs is carbon neutral and aims to lead Web3 to achieve negative carbon.

If you are an Ethereum developer, you are already a Polygon developer! Start developing your dApps using Polygon's secure and fast transaction network. here.

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This content is for educational and informational purposes only and does not constitute and should not be construed as (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets (including NFTs or other assets); or (iii) financial, accounting, legal or tax advice.

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