The crypto trade OKX has launched the general public mainnet of its new Ethereum (ETH) layer-2 (L2) community.
The L2, known as “X Layer,” onboarded greater than 200 decentralized apps (DApps) throughout its testnet stage, in line with a brand new announcement from the trade.
OKX says the community’s DApps embrace roughly 40 decentralized finance (DeFi) tasks, 12 infrastructure tasks, 5 progress instruments, 12 bridges, 16 wallets, 10 social finance (SocialFi) platforms, and 10 non-fungible token (NFT) and gaming-focused tasks.
Standard DeFi tasks on X Layer embrace Curve (CRV), Renzo and the decentralized trade (DEX) QuickSwap.
OKX Chief Advertising Officer Haider Rafique says X Layer’s present focus is onboarding as many builders and customers as potential.
“Our goal is to make it cheaper and quicker for thousands and thousands of individuals to go out and in of on-chain purposes by means of our Zero-Information Proof (ZK) powered, EVM suitable L2 community.”
Rafique says the X Layer goals to cut back transaction charges and improve transactions per second by “optimizing transaction batching and approvals.”
“X Layer goals to unlock and speed up the worldwide adoption of the Web3 financial system, making certain higher particular person freedom and alternative for thousands and thousands worldwide. We’re extremely enthusiastic about what’s to return and welcome you to hitch us as we work to convey the imaginative and prescient of X Layer to life.”
OKX, which is headquartered within the Seychelles, is at the moment the third-largest crypto trade by buying and selling quantity, behind solely Binance and Bybit, in line with CoinGecko.
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