IDEX unveils zkEVM Layer 2 chain based on Polygon Supernets

📆 7/6/2023 7:21 PM
📰 TheBlock__

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IDEX, one of Ethereum’s oldest decentralized exchanges, is developing its own Layer 2 chain named Xchain.

Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.IDEX, one of the oldest decentralized cryptocurrency exchanges on Ethereum, announced plans to build a Polygon zkEVM-based Layer 2 chain named Xchain.

Polygon’s Supernets enables developers to build customizable app-chains that can operate as either sidechains or Layer 2 chains. In the case of IDEX, it’s the latter.technology to function as a Layer 2 network, deriving its security from Ethereum. Founded in 2017, IDEX was counted as one of the most notable decentralized exchanges on Ethereum between 2017 and 2019, alongside other DEXs like

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