OKX, a leading cryptocurrency platform and on-chain technology company, is excited to announce the strategic partnership of its X Layer the Chainlink SCALE program. OKX has selected the Chainlink Cross-Chain Interoperability Protocol (CCIP) with its X Layer, its high-performance Ethereum Layer-2 network. The main purpose of this strategic partnership is to revolutionize the way of Traditional Finance (TradFi) with Decentralized Finance (DeFi).
With the integration of Chainlink’s industry-leading oracle network, X Layer developers will be able to get easy access to high-quality, near-zero-gas, and tamper-proof market data. Since both platforms are dealing with modern users, for that purpose, they also pay great attention to their improvement and development in a Web3-based world to secure DeFi, tokenization, trading, and automation.
OKX and Chainlink Partnership Drives DeFi Integration
In simple words, the partnership of OKX with Chainlink, in a broader perspective, is to boost the status of users from traditional finance to DeFi by providing useful aids. Chainlink is playing its major role in merging traditional finance and DeFi, gradually making itself an infrastructure that connects them.
Depository Trust and Clearing Corporation (DTCC) advertises fund data on-chain via Chainlink itself. UBS and Swift are using it for Tokenized fund workflows. Furthermore, OKX’s Ethereum Layer-2, X Layer, is now connecting the existing infrastructure stack. Moreover, with the alliance of Chainlink’s CCIP and Chainlink SCALE program to finance the oracle and interoperability costs. X Layer is already compatible with the messaging data.
OKX’s X Layer and Chainlink SCALE Unite to Deliver High-Speed, Low-Cost DeFi Solutions
X Layer provides another edge to the world’s users after the integration with the Chainlink SCALE program. In addition, X Layer will fence around the oracle and cross-chain services tools with almost free or minimal cost. This system will remove the extra fee for transactions; in fact, it accelerates development velocity, enabling us to focus purely on delivering high-impact applications rather than managing infrastructure.
On the other hand, with X Layer’s 5000 TPS performance, almost zero-gas costs, and a seamless OKX ecosystem alliance, increased by Chainlink’s oracle platform, after this, developers would have all those facilities that they wanted for a long time. In a nutshell, both platforms are trying to provide as much as they can by utilizing their specifications.
