Coin Edition -
- OKX has released its polygon-powered layer-2 network, X Layer, to the public mainnet.
- The crypto exchange described the X Layer launch on the mainnet as continuing a new era.
- OKX considers the X Layer and other L2 chains the highway infrastructure to the Web3 world.
Leading centralized cryptocurrency exchange OKX has released its polygon-powered layer-2 network, X Layer, to the public mainnet. In a recently uploaded YouTube broadcast, Crypto World Daily noted that OKX described the X Layer launch on the mainnet as a continuation of a new era.
The top crypto exchange recounted the new era as a phase where crypto companies started creating their native distributed networks. The crypto exchange noted that the newly launched X Layer, previously known as X1, uses Polygon’s Chain Development Kit (CDK). This customizable toolkit allows developers to build unique chains by using zero-knowledge technology.
OKX joins other top crypto exchanges like Coinbase (NASDAQ:COIN) and Kraken that have pursued their specific Layer-2 networks over the past year. According to reports, Coinbase launched its “Base” blockchain last August. It built the blockchain with Optimism’s OP Stack, while Kraken is reportedly creating a native Layer-2 blockchain.
In a press release, OKX noted that its developers will start contributing to the CDK’s codebase. The crypto exchange further explained that the X Layer will connect to Polygon’s ecosystem via the AggLayer, a Polygon offering that aims to unify liquidity across various chains.
Before the recent launch on the public mainnet, X Layer was originally launched in November. According to OKX, the Layer-2 solution will allow users to access over 170 decentralized applications (Dapps) on its platform, with the plan to increase that number soon.
According to the OKX Chief Marketing Officer, Haider Rafique, the crypto exchange considers the X Layer and other Layer-2 chains the highway infrastructure to the Web3 world. He believes the setup will be complete by combining the innovation with other compatible elements, such as Dapps serving as the marketplace and self-hosted wallets representing the vehicles to complete the setup.
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