L2 blockchain X Layer successfully launches on the public mainnet

Crypto exchange OKX has officially launched its Layer-2 blockchain, X Layer, on the public mainnet. Formerly known as X1, X Layer is built using Polygon’s Chain Development Kit (CDK), which incorporates zero-knowledge technology for developers to create customized chains. The letter “X” represents openness and interoperability, while “LAYER” represents various protocols that enhance blockchain network scalability. This move follows a trend among major crypto exchanges developing their own layer-2 networks. In August, Coinbase introduced its Base blockchain, and Kraken is reportedly exploring the possibility of developing its own layer-2 blockchain. OKX developers will actively contribute to the CDK codebase, and X Layer will integrate with Polygon’s ecosystem through the AggLayer. X Layer, currently supporting over 170 decentralized applications (dapps), aims to be foundational infrastructure for the web3 ecosystem. OKX’s launch of X Layer coincides with its focus on compliance activities in the US, as regulators have stated that most cryptocurrencies are subject to securities regulations. Recently, OKX pulled USDT from its European services and initiated a freeze of USDT assets in collaboration with Tether.