Cryptocurrency exchange OKX has launched the public mainnet of its new Ethereum (ETH) Layer 2 (L2) network.
L2, dubbed “X Layer,” has onboarded more than 200 decentralized apps (DApps) in its testnet phase, according to a new announcement from the exchange.
According to OKX, the network's DApps include approximately 40 decentralized finance (DeFi) projects, 12 infrastructure projects, 5 growth tools, 12 bridges, 16 wallets, 10 social finance (SocialFi) platforms, and The project includes 10 non-fungible tokens (NFTs) and a gaming-focused one.
Popular DeFi projects on X Layer include Curve (CRV), Renzo, and decentralized exchange (DEX) QuickSwap.
OKX Chief Marketing Officer Haider Rafiq said X Layer's current focus is on onboarding as many developers and users as possible.
“Our goal is to enable millions of people to enter and exit on-chain applications through an EVM-compatible L2 network that leverages zero-knowledge proofs (ZKs).”
Rafiq said X Layer aims to reduce transaction fees and increase the number of transactions per second by “optimizing transaction batching and approval.”
“X Layer aims to enable and accelerate the global adoption of the Web3 economy, ensuring freedom and opportunity for millions of individuals around the world. We are very excited about future developments. We are excited and welcome everyone to join us as we work to realize the X Layer vision.”
According to CoinGecko, Seychelles-based OKX is currently the third-largest cryptocurrency exchange by trading volume, behind Binance and Bybit.
Never miss a beat – Subscribe to get email alerts delivered straight to your inbox
Check price action
follow me twitterFacebook and Telegram
Surf the Daily Hoddle Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: Mid Journey
