Crypto exchange OKX has launched a testnet for an upcoming Ethereum layer-2 network named “X1,” according to a Nov. 14 announcement. The network is being developed using the Polygon chain development kit (CDK)…
Binance is also preparing a BNB Chain layer-2 scaling solution to improve network transaction speeds and costs. Separately, the firm announced on June 15 that Binance Pool has launched a “Bitcoin Transaction Accelerator.”…
Decentralized liquidity protocol Aave has deployed on Ethereum layer-2 scaling platform Metis, bringing a host of decentralized finance (DeFi) features and products to its ecosystem. Aave’s (AAVE) community recently voted in favor of…
Layer-2 networks continue to gain momentum as the Ethereum ecosystem advances. For example, data from analytics provider Token Terminal found that layer-2 scaling solution Polygon had 313,457 daily active users as of Jan….