Crypto Exchange OKX’s Polygon-Powered Layer 2, ‘X Layer,’ Hits Public Mainnet

Crypto exchange OKX has announced the launch of its layer-2 blockchain, X Layer, on its public mainnet. X Layer, previously known as X1, utilizes Polygon’s Chain Development Kit (CDK) to enable developers to build their own chains using zero-knowledge technology. This development follows the trend of major cryptocurrency exchanges creating their own layer-2 networks, with Coinbase launching its “Base” blockchain and Kraken reportedly exploring the same. OKX will contribute to CDK’s codebase and X Layer will connect to Polygon’s wider ecosystem through the AggLayer. X Layer allows users to access over 170 decentralized applications (dapps), with more expected to launch soon. The aim is to establish layer-2 chains as the infrastructure of the Web3 world, with dApps serving as marketplaces and self-hosted wallets as the means to access them.