Home web3.0 OKX L2 X Layer is online and the handling fee is OKB! Potential 50 million users join on-chain applications

OKX L2 X Layer is online and the handling fee is OKB! Potential 50 million users join on-chain applications

Apr 17, 2024 am 08:00 AM
Blockchain Ethereum Blockchain application Binance exchange xvg okb okex Huobi handling fee

OKX L2 X Layer上线、手续费采用OKB!潜在5千万用户加入链上应用

This site (120bTC.coM): Exchange OKX officially launched its X Layer on the public mainnet, with the potential to introduce its huge 50 million users to on-chain applications and utilize L2 Solutions improve transaction efficiency and reduce costs.

Launch of X Layer: OKX’s new topic

OKX launches X Layer, which is a zero-knowledge L2 network based on Ethereum and uses Polygon development components. This blockchain was originally tested under the codename "X1" and was officially launched today. This is a step for OKX to realize its ecosystem. According to OKX’s Chief Operating Officer Haider Rafique: “We see these L2 as the highway infrastructure of the Web3 world”, emphasizing its role in promoting the new generation of decentralized applications and wallets. Role.

OKX quickly launched products

Since the launch of the testnet in November last year, X Layer has quickly gained popularity, with more than 50 decentralized applications deployed in just one week. Well-known Web3 and DeFi platforms such as The Graph, Curve, LayerZero, QuickSwap, Galxe and Timeswap have already begun to utilize this new network. With support from more than 170 decentralized applications, X Layer allows users to conduct various blockchain activities such as token exchange and staking directly through OKX, promising to provide developers and users with a rich environment.

Fees adopt OKB

Powering X Layer’s economic framework is OKX’s platform token OKB, which has recently increased by 8.18% and will serve as the native asset to pay transaction fees. .

OKX is currently the second largest exchange after Binance and has facilitated more than $60 billion in transactions this month.

In-depth cooperation with Polygon, integrating AggLayer

X Layer uses Polygon's CDK as the ZK Rollup solution, which not only improves transaction throughput, but also maintains the inherent security features of Ethereum. X Layer is compatible with Ethereum, which also means that existing Ethereum applications can be easily migrated to this new platform without large-scale redevelopment.

In addition to technology, XLayer will also interconnect with other networks through Polygon’s blockchain aggregation layer AggLayer.

This integration will solve the common problems of liquidity and user base fragmentation between different chains, promoting a more unified and expanded blockchain ecosystem. Marc Boiron, CEO of Polygon Labs, emphasized the importance of this integration, saying: "The connection with AggLayer is an important next step towards a truly unified Web3 environment."

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