OKX Launches X Layer Mainnet, a zkEVM Rollup that Facilitates Asset Transfer and Integrates with OKX Exchange and OKX Web3 Wallet
Crypto exchange platform OKX has announced the launch of the public mainnet of its zkEVM rollup, X Layer.
This new platform, which integrates OKX exchange and the OKX Web3 wallet, allows users to easily transfer assets, similar to Coinbase’s Optimism Base rollup and Bybit’s Mantle network.
Utilization of Polygon’s zkEVM Technology
X Layer distinguishes itself by using Polygon’s zkEVM CDK, which has been in testing since November. This technology positions X Layer in what is called the ‘AggLayer’ of Polygon, an initiative aimed at addressing user experience issues like liquidity fragmentation among Ethereum layer 2 networks.
Marc Boiron, CEO of Polygon, highlights that the platform should quickly welcome a wide range of decentralized applications, including well-known DeFi offerings like Curve and QuickSwap.
Developments and Technical Features of Layer X
Unlike most rollups that use Ethereum for data availability (DA), X Layer uses an alternative, technically classifying itself as a validium rollup.
This approach aims to reduce transaction fees. The chain uses the OKB token from the exchange as gas token, making it a blockchain customized for users coming from the exchange.
Haider Rafique, marketing director of OKX, mentions that X Layer aims to improve wallet services, accelerate transaction speeds, and provide comprehensive support and documentation for developers. OKX is increasingly taking an ecosystem approach, including the launch of its own web3 wallet.
OKX contributes to Polygon’s CDK and plans to ‘provide an advanced technology stack for builders in collaboration with Polygon Labs,’ according to Rafique.
