Layer2 (7)

A message from OKX Chief Marketing Officer Haider Rafique Today we launched the public mainnet of our Layer-2 (L2), X LAYER, building with more than 200 dApps across the network. X LAYER is integrated with OKX Exchange (CEX) and the OKX Web3 Wallet. Users can seamlessly bridge assets from the two platforms to LAYER to interact with with the DApps deployed on the network.

Entering the list of advanced new blockchain solutions, Immutable X is considered by many a revolutionary Layer 2 solution on the Ethereum blockchain. This new player in non-fungible token (NFT) minting and GameFi stands out for its unparalleled features. It offers gas-free NFT minting and seamless integration into the vast landscape of mainstream gaming.

With higher gas fees and unfamiliar functionality, some traders find the transition to decentralized exchanges (DEXs) a hard bridge to cross when it comes to exclusively trading on DEXs. Fortunately, with up-and-coming DEXs like Aevo, a focus on user-friendly interfaces and cutting-edge scaling solutions is bridging the gap between DeFi and TradFi. That's making it easier than ever for newcomers and experienced traders alike to seamlessly transition to the exciting world of DeFi crypto trading.

Many would agree that the Base blockchain is one of the leading Layer-2 (L2) solutions out there today. Despite being late to the Layer-2 game, Base L2 has grown tremendously thanks to its backing from Coinbase and compatibility that significantly lowers the barrier to entry for beginners and crypto natives alike.

The U.S. economy continues to show resilience in growth, but a high interest rate environment continues to impact the economy, with many countries and regions experiencing economic stagnation or mild recession. Although inflation shows signs of cooling, according to the Federal Reserve’s plan, an uncertain macroeconomic environment has further exacerbated volatility in the cryptocurrency market.

Ethereum is a dynamic platform that caters to many transactions and applications, from Decentralized Finance (DeFi) to gaming, and even Non-Fungible Tokens (NFTs). But, a prominent challenge it faces is scalability. As it stands, Ethereum can handle about 30 transactions every second.

X Layer: Next-Generation Blockchain Authentication The X Layer ecosystem is undergoing a significant transformation with the implementation of RIP-7212, introducing support for the secp256r1 (P-256) elliptic curve. This advancement enables secure, user-friendly authentication methods, particularly through passkeys and smart accounts.