OKX Introduces Ethereum Layer-2 Network, Poses Challenge to Major Exchanges
By: Isha Das
OKX recently completed the mainnet launch of their Layer-2 Ethereum scaling network. This is a critical step towards welcoming new users on board with the Polygon-based AggLayer. This move comes at a time when major crypto exchanges such as Coinbase and Kraken have been exploring and launching their own Layer-2 networks over the past year.
The new Layer-2 network by OKX, named X Layer, has successfully reached the public mainnet. With this accomplishment, OKX steps up its game in the growing race of Layer-2 networks among significant digital currency exchanges.
Layer-2 solutions hold prominence by providing enhanced scalability, faster transaction speeds, and lower fees, hence their adoption by leading exchanges to elevate user experience. OKX's pivot into this domain showcases its commitment to offering state-of-the-art solutions in crypto trading.
