The crypto exchange's platform token, OKB, will serve as X Layer’s native asset to pay transaction fees on the network.
Centralized crypto exchange OKX launched the public mainnet of X Layer, an Ethereum-based zero-knowledge Layer 2 network that utilizes the Polygon Chain Development Kit, on Monday evening.
X Layer, previously dubbed “X1,” launched on testnet in November, with over 50 decentralized applications deploying within a week. Web3 and DeFi apps, including The Graph, Curve, LayerZero, QuickSwap, Galxe and Timeswap, are among those already leveraging the Layer 2 network, according to a statement shared with The Block.
OKX confirmed that its platform token, OKB, will serve as X Layer’s native asset to pay transaction fees on the network. Polygon Labs released its CDK software toolkit in August 2023, allowing developers to build Layer 2 chains for Ethereum powered by zero-knowledge proofs.
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