Posted 4/16/2024, 2:03:16 AM
OKX Launches Ethereum Scaling Solution X Layer to Take on Coinbase's Base Layer-2
- OKX launched Ethereum layer-2 scaling network X Layer, challenging Coinbase's Base layer-2 network
- X Layer built using Polygon's AggLayer technology for interoperability between chains
- Over $4.9B in daily trading volume on OKX vs $4B on Coinbase
- X Layer currently supports 170 dapps, including QuickSwap, Galxe, and Thirdweb
- X Layer utilizes zero-knowledge proofs for greater privacy compared to Base
