Flash News: OKX Announces Sentio, DAOStarter, Umbrella Network, DexGuru and XDAO's Integration with OKX's Layer 2 Testnet

SINGAPORE, Feb. 07, 2024 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for February 8, 2024.

OKX Announces Sentio, DAOStarter, Umbrella Network, DexGuru and XDAO's Integration with OKX's Layer 2 Testnet

OKX is proud to announce that Sentio, DAOStarter, Umbrella Network, DEXGuru and XDAO have added support for the testnet version of OKX's Layer 2. OKX's Layer 2 is a highly performant and secure network, leveraging the robust capabilities of the Polygon Chain Development Kit (CDK).

Sentio is an end-to-end observability platform that provides insights, secures assets and troubleshoots transactions for decentralized applications. DAOStarter is a crypto incubator serving for Web3. Umbrella Network offers real-world data for smart contracts in a verified, secure and lightning-fast manner. DEXGuru provides unparalleled coverage of on-chain data delivered in real-time. XDAO is a DAO ecosystem for crypto entrepreneurs.

By incorporating these five projects, OKX's Layer 2 broadens its value to users. It offers solutions for dApp development, real-world data integration, advanced DEX analytics and collaborative entrepreneurship within the Web3 landscape. The integration also offers users and developers the opportunity to explore the capabilities of OKX's Layer 2 network in a controlled, testnet environment.

Since its launch in November 2023, OKX's Layer 2 testnet has attracted a variety of innovative projects, such as Quickswap, Galxe and D8X, fostering innovation and collaboration within the Web3 community. OKX's Layer 2 serves as OKX’s new native network, with the goal of providing users and developers access to the world’s biggest blockchain ecosystems.

OKX's Layer 2 uses ZK proofs to ensure high security and scalability while reducing transaction costs. It is compatible with Ethereum, allowing for the seamless and secure deployment of EVM-based DApps. It also provides connectivity with a wide range of smart contracts, wallets and tools.

For further information, please contact:

Media@okx.com

ENDS

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

•                    OKX Wallet: The world's most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, 'written down' seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.

•                    DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.

•                    NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.

•                    Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world's top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

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