OKX’s X Layer Integrates With Chainlink To Bridge TradFi And DeFi
Cryptocurrency trade OKX introduced that its high-performance Ethereum Layer 2 community, X Layer, has joined the Chainlink SCALE program and adopted the Chainlink Cross-Chain Interoperability Protocol (CCIP) as its major cross-chain answer.
X Layer is designed as a low-cost, high-throughput Ethereum Layer 2 community to assist large-scale Web3 functions, providing 5,000 transactions per second, minimal gasoline charges, and deep integration with the OKX platform to boost efficiency, liquidity, and developer expertise for mainstream adoption.
By integrating Chainlink’s oracle community, builders on X Layer can entry dependable, tamper-proof market information, the identical infrastructure relied upon by many Web3 tasks and main monetary establishments, to facilitate safe decentralised finance (DeFi) operations, tokenization, buying and selling, and automation.
As the road between conventional finance and DeFi continues to blur, Chainlink is more and more serving as a key infrastructure layer connecting each sectors, with functions together with onchain fund information publication by DTCC, tokenized fund workflows with UBS and Swift, and value feeds for over 100 tokenized equities.
X Layer Joins Chainlink SCALE Program To Enhance Cross-Chain DeFi Development
The answer has now built-in into the identical infrastructure ecosystem. By adopting Chainlink’s CCIP as its major cross-chain answer and becoming a member of the Chainlink SCALE program, X Layer aligns with the messaging, information, and settlement layers more and more utilized by institutional methods, whereas remaining totally composable for DeFi functions.
Through the SCALE program, X Layer will subsidize eligible oracle and cross-chain service prices, giving builders entry to premium information feeds and cross-chain performance at minimal or no expense. This method reduces operational complexity and accelerates growth, permitting groups to give attention to constructing high-impact functions reasonably than managing infrastructure.
Utilizing CCIP gives X Layer with safe, tamper-proof information entry, enabling correct pricing, danger administration, and programmable cross-chain token transfers with configurable coverage controls, together with charge limits and Smart Execution, whereas positioning the community for scalable progress as new networks and upgrades are launched.
With X Layer’s capability of 5,000 transactions per second, near-zero gasoline charges, and seamless integration throughout the OKX ecosystem, enhanced by Chainlink’s oracle infrastructure, builders now have the instruments required to create superior cross-chain DeFi and tokenized-asset functions with larger effectivity and reliability.
Access to Chainlink Data Feeds and CCIP is accessible via X Layer’s up to date documentation, permitting growth to start instantly.
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