IDEX UNVEILS ZKEVM LAYER 2 CHAIN BASED ON POLYGON SUPERNETS

Summary from the TLDR Crypto newsletter

IDEX, one of the oldest DEXs on Ethereum, is developing its own L2, Xchain. Built with technology from Polygon's Supernets software stack, Xchain is currently being tested as a decentralized perpetual trading platform. Polygon is aiming to help projects by giving them a platform on which to launch their own chains, and Xchain is a great example of that. IDEX CEO, Alex Wearn, is betting that this new development will enable IDEX to compete directly with centralized exchanges.