OKX has officially announced X Layer, an unprecedented L2 solution. This novel solution was created with zero-knowledge technology and the Polygon CDK. This was seamlessly integrated with AggLayer. This great accomplishment is a game changer for over 50 million OKX users, giving them access to a decentralized and scalable multichain economy.
Recently, the OKX platform’s X Layer used the OKB token as a secondary currency to pay transaction fees. This will considerably improve the practicality and compatibility of OKX with the AggLayer system. OKX, one of the world’s most prominent cryptocurrency exchanges in terms of daily trading volume and monthly users, handles transactions worth more than $3 billion every day. With the launch of the X Layer mainnet, the enormous and diverse OKX community will be able to communicate with any other chain that is linked to the AggLayer. This, in turn, will generate the much-needed value, liquidity, and impacts across the interconnected blockchain network.
Major cryptographic projects that have been tested, such as LayerZero, The Graph, QuickSwap, Galxe, and Timeswap, can seamlessly integrate with the X Layer platform. This demonstrates the rapid uptake and usefulness of the X Layer. Amazingly, barely a week after its first debut in November of last year, over 50 operating systems have already been constructed using the X Layer testnet.
X Layer is a versatile and unrestricted license toolkit created with the newest Polygon CDK (Chain Development Kit). It is an open and modular platform that enables developers to create blockchain solutions fast. This toolkit was designed primarily to construct L2 solutions on Ethereum or to assist existing L1 chains in transferring the AggLayer. The X Layer is a big step toward achieving unified network design.
The X Layer integration kicks off a vital step for the aggregated network. This tight-knit network of three zero-knowledge protocols now has a solid foundation. This is projected to increase when more trading pairings are added, including Polygon PoS, Manta Pacific, IDEX, and Swell Network. AggLayer, which is anticipated to provide the highest levels of industry-leading liquidity and scalability, is the largest unified cryptocurrency environment that the company is pleased to announce has been launched.
In contrast to alternative multichain networks that necessitate the utilization of multiple bridges to Ethereum, AggLayer provides all chains with the advantages of a single universal bridge. This facilitates the user experience by consolidating multiple chains into a single unifying chain.
This innovative feature, available to OKX users, eliminates the need for complex cross-chain bridging, thereby enabling them to access a diverse pool of on-chain liquidity. Furthermore, it offers developers designing apps for the OKX network a better experience for developing decentralized apps (dApps). In addition to simplifying the process, it also increases the workability and viability of using blockchain technology and Dapps on different platforms.
