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X Layer

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Layer 2 (Ethereum)EVMbridged to Ethereum

OKX's Ethereum ZK rollup built on Polygon CDK. Large USDT supply from OKX exchange user base; significant stablecoin corridor for OKX customers.

Stablecoin supply
$1.6B 0.51% of networks covered
Rank by supply
10 of 30 covered
Coins on this chain
8 5 above $1M
Largest coin's share
91.4% USDG
Concentration (HHI)
8,400 of 10,000
01

The mix

8 coins · HHI 8,400

Top coin — the largest coin's share of this chain's stablecoin supply. HHI — Herfindahl-Hirschman Index, the sum of squared percentage shares on a 0–10,000 scale, the same definition published for the market-wide concentration series. Both are computed over every coin with supply on the chain, not only those listed below. A chain's concentration measure describes only its stablecoin mix. It does not indicate the security of the chain or the soundness of the issuers represented on it.

# Stablecoin Type Supply on X Layer
1 USDGGlobal Dollar Fiat $1.4B
2 USDTTether Fiat $113M
3 USDCUSD Coin Fiat $17M
4 rwaUSDiMultipli rwaUSDi Crypto $4M
5 rwaUSDMultipli rwaUSD Crypto $1M

Coins with at least $1M of supply on this chain, ranked by that supply. 3 further coins hold smaller balances here and are counted in the concentration figures above but not listed.

02

The network

Launched2024
TierLayer 2 (Ethereum)
ConsensusZK Rollup (Polygon CDK)
Bridged toEthereum
EVM-compatibleYes
Websitewww.okx.com/xlayer

Frequently asked questions

Is X Layer EVM-compatible?

Yes, X Layer is EVM-compatible, meaning Ethereum tools and wallets work natively.

What is X Layer built on?

X Layer is a Layer 2 built on Ethereum. It posts its data to Ethereum and inherits Ethereum’s settlement security, while offering lower fees and faster transactions.

Chain attribution from on-chain and cross-chain data. All networks · Methodology