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Crypto exchange <a href="https://crypto.news/tag/okx/" rel="noopener noreferrer nofollow">OKX </a>has announced the official launch of its Layer-2 blockchain, X Layer, on the public mainnet.
X Layer, previously <a href="https://crypto.news/okx-unveils-exclusive-layer-2-blockchain-powered-by-polygon/" rel="noopener noreferrer nofollow">known as X1</a>, is built utilizing Polygon’s Chain Development Kit (<a href="https://crypto.news/celestia-collaborates-with-polygon-cdk-for-data-availability-layer-integration/" rel="noopener noreferrer nofollow">CDK</a>), which incorporates zero-knowledge technology to allow developers to create customized chains. ⁤
The letter “X” in the name stands for openness and interoperability, while the word “LAYER” represents different types of protocols that work together to improve the scalability of a blockchain network.
⁤The latest development follows a broader trend among major crypto exchanges to develop their own layer-2 networks. ⁤ In August, Coinbase introduced its <a href="https://crypto.news/tag/base/" rel="noopener noreferrer nofollow">Base blockchain</a>, which uses Optimism’s OP Stack. ⁤⁤Reports also state that Kraken is exploring the possibility of developing its own layer-2 blockchain. ⁤
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 Hiya creators, builders, founders 👩‍💻👨‍💻 🚨 We're opening X Layer Mainnet to the Public 🚨 With +200 dApps building, X Layer is now accessible to everyone, not just developers. Experience the power &amp; security of our zkEVM L2 network firsthand. Start building:… <a href="https://t.co/K59dg0sJrG" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/K59dg0sJrG</a>— X Layer (@XLayerOfficial) <a href="https://twitter.com/XLayerOfficial/status/1780056275898048562?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 16, 2024</a>
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Per a press release by OKX, the exchange’s developers will actively contribute to the CDK codebase. ⁤⁤X Layer will also integrate with Polygon’s broader ecosystem through the AggLayer, a solution designed to consolidate liquidity across multiple chains developed with Polygon’s technology. ⁤
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 “OKX’s 50 million users now have an easy path to onboarding to X Layer and all the other chains connected to the AggLayer.” <cite>Mark Boiron, CEO at Polygon Labs</cite>
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X Layer initially launched on a testnet in November and currently supports over 170 decentralized applications (dapps), with plans to add more in the near future.
You might also like: <a href="https://crypto.news/okx-lists-solana-meme-coins-dogwifhat-cat-in-a-dogs-world/" rel="noopener noreferrer nofollow"> OKX lists Solana meme coins Dogwifhat, Cat in a Dogs World </a>
⁤⁤The network is envisioned as part of the foundational infrastructure for the web3 ecosystem, likening Layer-2 chains to highways that facilitate access to dApps and self-hosted wallets.
The platform’s debut of X Layer coincides with its <a href="https://crypto.news/okx-repositions-us-compliance-team-as-highest-priority/" rel="noopener noreferrer nofollow">prioritization of compliance activities</a> in the United States. Regional regulators, including the SEC in the US, have repeatedly said that most cryptocurrencies are subject to securities regulations, though these agencies have yet to explain their view on memecoins.
With mounting worries about the regulatory issues associated with offshore exchanges, OKX recently pulled <a href="https://crypto.news/price/tether/" rel="noopener noreferrer nofollow">USDT </a>from its European services and initiated an unprecedented freeze of USDT assets in collaboration with Tether.
Read more: <a href="https://crypto.news/okx-usdt-pairs-solana-meme-coins/" rel="noopener noreferrer nofollow"> OKX to end USDT pairs in EU, yet to list Solana meme coins </a>

OKX’s L2 blockchain X Layer goes live on public mainnet

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