OKX develops Layer-two X1 on the Polygon CDK platform

The OKX exchange not too long ago announced programs to create X1 (Layer-two option based mostly on the Polygon CDK toolkit).

According to facts on Polygon Labs’ X household web page, OKX will use the Polygon CDK toolkit to make a Layer-two option that integrates ZK technological innovation.

OKX is employing Polygon CDK to create a ZK-based mostly Layer two network that connects OKX’s a lot more than 50 million consumers to the broader Ethereum neighborhood, to allow everyone to consider element in a actually safe and unified worldwide onchain ecosystem.

It’s referred to as X1.@X1_Rete it will be a protected,… pic.twitter.com/1pxS9Tmx81

— Polygon (Labs) (@0xPolygonLabs) November 14, 2023

This new Layer-two network is regarded as X1. Specifically, the OKB token (native token of the OKX exchange) will be applied to pay out fuel costs on the network.

This stage is anticipated to enable OKX entry the shared liquidity pool, one particular of the options constructed into Polygon’s CDK toolkit.

In the other route, with more than 50 million consumers, OKX is one particular of the greatest CEX exchanges on the market place. Integrating with present aspects like OKX’s on-chain wallet will make it simpler for the Polygon ecosystem to attain new consumers.

Previously, on November eight, Polygon Labs also announced a partnership with Near Foundation to apply the zkWASM option. Additionally, Polygon Labs also rapidly announced a $90 million fund to help the improvement of its ecosystem.

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