OKX Expands Layer 2 Testnet Integrations for Enhanced Web3 Experience Jan 28, 2024 Jan 28, 2024 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJanuary 28, 2024 by Kelly Cromley

OKX Expands Layer 2 Testnet Integrations for Enhanced Web3 Experience

In a recent announcement, OKX revealed the successful integration of AlienSwap, VIP3, Automata Network, dForce, Rune X, and Nabox with its Layer 2 testnet. These integrations enable users to explore an array of features and services within OKX’s Layer 2, all within the confines of a controlled testnet environment.

 

AlienSwap, a notable player in the NFT marketplace and aggregator space; VIP3, the pioneer cashback platform in the Web3 sector; Automata Network, a leading attestation layer enhancing machine-level trust for Ethereum; dForce, a decentralized stablecoin protocol within an integrated DeFi matrix; Rune X, an inventive rune integration platform; and Nabox, a multi-chain DID gateway to Web3, have seamlessly integrated with OKX’s Layer 2 testnet.

 

Since its establishment in November 2023, OKX’s Layer 2 testnet has attracted over 170 projects, including Quickswap, Galxe, and D8X, fostering innovation and collaboration within the Web3 community. Positioned as OKX’s native network, the Layer 2 network aims to expose users and developers to the expansive blockchain ecosystems globally.

 

OKX’s Layer 2 harnesses ZK proofs, ensuring heightened security and scalability while mitigating transaction costs. Compatible with Ethereum, the network facilitates the seamless and secure deployment of EVM-based DApps. Additionally, it offers connectivity with various smart contracts, wallets, and tools.

 

In another development, OKX, a prominent Web3 technology company, announced the integration of Manta Network, an innovative layer-2 privacy protocol, into its offerings. This integration empowers OKX DEX users to easily engage in on-chain swaps and cross-chain transactions on the Manta Network.

 

With Manta Network support, OKX DEX users can access private decentralized finance activities, including trading and lending, without encountering the high gas fees and congestion of the Ethereum mainnet. Manta Network employs advanced zkSNARK cryptography to enable private DeFi transactions while preserving blockchain integrity.

 

The addition of Manta Network enhances the OKX DEX capabilities, providing users with crucial privacy features alongside existing offerings. OKX DEX continues to expand its support for promising blockchain projects, contributing to the broader adoption of DeFi and Web3. The integration of privacy-centric solutions underscores OKX’s commitment to enhancing user experience and fostering a secure and private decentralized financial ecosystem.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.