OKX Launches X Layer Rollup for Faster, Cheaper Web3 Transactions
OKX, a prominent cryptocurrency exchange, is bolstering its presence in Web3 and decentralized finance with the launch of X Layer. This rollup solution aims to reduce costs, enhance speed, and maintain compatibility, marking a significant step in OKX's strategic vision.
X Layer's development is progressing in stages. Currently in its first phase, it has successfully integrated USDT, a popular stablecoin, thanks to a partnership with Tether. This initial stage also supports other stablecoins like USDG, ensuring a stable environment for transactions.
Looking ahead, the second stage involves connecting major DeFi protocols. Aave, Uniswap, Balancer, and Chainlink are set to be integrated, further expanding X Layer's capabilities and user base. OKX's native token, OKB, will serve as the gas token for X Layer, facilitating transactions on the network.
OKX's commitment to X Layer is evident in its $100 million Vision Fund. This fund will support multiple rounds of incentives, driving the project's development and growth. X Layer is poised to become the core infrastructure for OKX's wallet and trading platform, offering users a seamless and efficient experience.
With X Layer, OKX is strengthening its position in Web3 and decentralized finance. The rollup solution's successful USDT integration and planned DeFi protocol connections signal a promising future. Backed by OKX's resources and strategic vision, X Layer is set to become a crucial component of OKX's ecosystem, offering users a faster, cheaper, and more compatible experience.
