Popular crypto exchange OKX has launched layer 2 (L2) network “X Layer”.
OKX has taken a significant step in its layer 2 journey. The layer 2 project “X Layer”, previously launched as a testnet called “X1”, has now transitioned to a public mainnet.
With this move, OKX aims to achieve a strong interaction in the context of Web3 and decentralized applications, stating that the native token, OKB, will be the primary cryptocurrency of X Layer.
Haider Rafique, CMO of OKX, stated in a press release that they are working to build a seamless ecosystem:
We consider X Layer and other Layer 2 chains as the highway infrastructure of the Web3 world, with dApps, marketplaces, and self-contained wallets as vehicles. With this vision, we are building an ecosystem that is as seamless and interoperable as possible.
Earlier, popular US-based crypto exchange Coinbase had made a similar move by launching the layer 2 network “Base”.
