Centralized exchange OKX launches decentralized L2 with Polygon CDK

Popular centralized exchange OKX is launching its very own zkEVM (zero-knowledge Ethereum Virtual Machine) layer-2 network testnet using Polygon’s chain development kit (CDK) today.

The network, named X1, will mark the centralized exchange’s first steps into building and developing its own on-chain environment.

According to information available on DeFiLlama, OKX is one of the largest centralized exchanges today, with total assets of over $12 billion.

OKX will not be the first centralized exchange that has launched its own public blockchain network. It will follow the footsteps of Coinbase’s Base L2, which launched as an optimistic roll-up solution for Ethereum in August last…

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