OKX Launches Its Own L2 Network "X Layer" to Enhance Ethereum Compatibility and Reduce Fees
On April 15, 2024, the cryptocurrency exchange OKX unveiled its latest innovation in blockchain technology: the X Layer. This second-layer solution is designed specifically for Ethereum, aiming to reduce transaction fees and improve application compatibility within the network. Partnership with Polygon Labs and Introduction of the X Layer (X1) ProtocolOKX