OKX, the popular crypto exchange, has officially launched the public mainnet of its new Ethereum (ETH) layer-2 (L2) network, known as “X Layer.” During its testnet stage, X Layer successfully onboarded over 200 decentralized apps (DApps), as announced by the exchange.

The network’s DApps encompass a wide range of categories, including approximately 40 decentralized finance (DeFi) projects, 12 infrastructure projects, five growth tools, 12 bridges, 16 wallets, 10 social finance (SocialFi) platforms, and 10 non-fungible token (NFT) and gaming-focused projects.

Some of the popular DeFi projects that have joined X Layer are Curve (CRV), Renzo, and the decentralized exchange (DEX) QuickSwap.

Haider Rafique, the Chief Marketing Officer of OKX, stated that X Layer’s primary focus is to onboard as many developers and users as possible. The objective is to provide a cheaper and faster experience for millions of people using on-chain applications through their Zero-Knowledge Proof (ZK) powered, EVM compatible L2 network.

Rafique further explained that X Layer aims to achieve this by reducing transaction fees and increasing transactions per second through the optimization of transaction batching and approvals.

The ultimate goal of X Layer is to unlock and accelerate the global adoption of the Web3 economy, ensuring greater individual freedom and opportunity for millions worldwide. OKX is eagerly looking forward to what the future holds for X Layer and invites everyone to join them in bringing the vision to life.

Based on trading volume, OKX currently ranks as the third-largest crypto exchange, trailing only Binance and Bybit, as per CoinGecko.

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