Summary
TLDR: OKX released X Layer, a new platform integrating with OKX Exchange and Web3 Wallet, using Polygon zkEVM CDK. It aims to address liquidity fragmentation issues among Ethereum layer-2 networks and host popular dapps like Curve and QuickSwap. X Layer cuts down on transaction fees and uses OKB token as gas. Crypto.com is also developing a zkEVM-based rollup. OKX plans to enhance wallet services and collaborate with Polygon Labs for advanced tech-stack for developers.
Key Points
1. Crypto exchange OKX released the public mainnet of its zkEVM rollup, X Layer, late Monday.
2. This new platform integrates with the OKX Exchange and OKX Web3 Wallet, enabling users to bridge assets easily, similar to Coinbase’s Base optimistic rollup and Bybit’s Mantle Network spin off.
3. The major difference is X Layer’s use of the Polygon zkEVM CDK, which has been live on testnet since November.