OKX LAUNCHES ETHEREUM LAYER-2 NETWORK IN CHALLENGE TO COINBASE'S BASE

Summary from the TLDR Crypto newsletter

OKX, a major cryptocurrency exchange, has launched its own Ethereum layer-2 scaling network called X Layer, built using Polygon's AggLayer solution. X Layer aims to provide faster and cheaper transactions, as well as seamless interoperability across different blockchains. The launch positions OKX as a competitor to Coinbase's Base, another layer-2 network built on Optimism's OP Stack.