x1 testnet

As 2023 draws to a close, it’s a momentous occasion to reflect on the incredible journey X1 Testnet has undertaken since its launch on November 14th. In less than two months, the X1 Testnet has not only been successfully introduced but has also seen remarkable growth, hosting approximately 50 projects within its ecosystem. Here’s a comprehensive overview of the milestones and achievements attained during this short yet impactful period:
Testnet Launch and Early Traction
On November 14th, 2023, X1 made its debut, unveiling a groundbreaking ZK-powered Layer 2 network that bridged the OKX and Ethereum communities. This innovative network opened the gates for individuals worldwide to engage in a truly global on-chain ecosystem, promising a seamless and inclusive experience for all participants.
Further solidifying its presence, X1 hosted a significant offline event at Devconnect in Istanbul, Turkey, on November 16th. Collaborating with Polygon Labs, the event fostered meaningful discussions and presentations, establishing a tangible presence for X1 in the heart of Turkey’s vibrant blockchain community.
On December 8th, Yuning Kong, X1’s Developer Relations Lead, shared insights into the platform’s vision and impact at Taiwan Blockchain Week. Engaging with Web3 and ZK enthusiasts, Kong’s participation further amplified X1’s global reach and connected the network with key industry stakeholders.
Project Deployments and Ecosystem Expansion
Since its inception, X1 Testnet has witnessed an impressive influx of approximately 50 diverse projects deployed within its ecosystem, such as Galxe, QuickSwap, Particle Network, Math Wallet, and many more. These projects focusing on different areas of the ecosystem, such as DeFi, Wallet, Infrastructure and SocialFi, have contributed significantly to the expansion and diversity of the X1, showcasing the potential and versatility of the platform.
X1 Testnet Tour on Galxe
A pivotal moment in the X1 Testnet journey wa s marked by the commencement of the X1 Testnet Tour on Galxe. This tour presented users with weekly challenges and opportunities to explore the X1 ecosystem firsthand. Participants were encouraged to engage actively, providing invaluable feedback that has been instrumental in enhancing the testnet experience. Moreover, each quest within the tour provided an educational opportunity, enabling users to gain a deeper understanding of X1 and its collaborative endeavors with partner projects.
Community Engagement and Recognition
Throughout this period, the X1 community has played a pivotal role in the ecosystem’s growth and development. Their active involvement, enthusiasm, and commitment to exploring and understanding the X1 ecosystem have been fundamental in shaping the platform’s evolution. The community’s feedback and contributions have been instrumental in fine-tuning the testnet experience and laying the groundwork for a robust and user-centric mainnet launch.
As a token of appreciation and recognition for the community’s involvement, X1 introduced a system of commemorative X1 NFTs. These NFTs were offered as rewards for active participation in the X1 Testnet Tour, incentivizing users to engage and explore while earning points toward these exclusive digital assets. Learn more about the campaign here.
More initiatives are being prepared to bring more excitement to the X1 community.
Early Metrics Prove Promise
While X1 is still in its nascent stage of development, its initial metrics show great potential. Boasting over 2.97 million transactions generating 26.23 million OKB in volume, X1 demonstrates a rapidly growing user base at the time of writing. Its TVB of 135.13 million OKB highlights the trust and confidence developers and users have placed on the platform. X1 Testnet is at its early stage, but the growth trajectory is highly promising.
X1 further shines with its competitive gas fees, clocking in at an average of 14.0524 Gwei, lower than other layer 2 networks, making X1 an appealing choice for cost-conscious users.
Looking Ahead to Q1 2024: X1 Testnet Tour Conclusion and Mainnet Launch
As the X1 Testnet Tour approaches its conclusion in January 2024, the anticipation for the X1 Mainnet launch in Q1 2024 continues to build. The community’s valuable insights and feedback gathered throughout the tour will play a pivotal role in refining and optimizing the network for its mainnet debut. With the tour wrapping up, the X1 team is diligently preparing for the highly anticipated mainnet release, where the culmination of efforts and enhancements will manifest in a robust, user-friendly, and innovative ecosystem.
In Conclusion
In summary, the inaugural months of X1 Testnet have been marked by innovation, community-driven growth, and a commitment to creating a robust and inclusive on-chain ecosystem. As we bid farewell to 2023 and move closer to the X1 Mainnet launch in Q1 2024, the X1 team extends its gratitude to the community for their unwavering support and looks forward to an even more transformative phase ahead.
About X1
X1 is a ZK-powered layer 2 network that connects the OKX and Ethereum communities to allow anyone to take part in a truly global on-chain ecosystem.
Connect with us:
X | Discord | LinkedIn | Web
Disclaimer
This article/blog is provided for informational purposes only. It represents the views of the author(s) and it does not represent the views of OKX. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com. © 2023 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state:”This article is © 2023 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2023 OKX.” No derivative works or other uses of this article are permitted.
As 2023 draws to a close, it’s a momentous occasion to reflect on the incredible journey X1 Testnet has undertaken since its launch on November 14th. In less than two months, the X1 Testnet has not only been successfully introduced but has also seen remarkable growth, hosting approximately 50 projects within its ecosystem. Here’s a comprehensive overview of the milestones and achievements attained during this short yet impactful period: Testnet Launch and Early Traction On November 14th, 2023, X1 made its debut, unveiling a groundbreaking ZK-powered Layer 2 network that bridged the OKX and Ethereum communities. This innovative network opened the gates for individuals worldwide to engage in a truly global on-chain ecosystem, promising a seamless and inclusive experience for all participants. Further solidifying its presence, X1 hosted a significant offline event at Devconnect in Istanbul, Turkey, on November 16th. Collaborating with Polygon Labs, the event fostered meaningful discussions and presentations, establishing a tangible presence for X1 in the heart of Turkey’s vibrant blockchain community. On December 8th, Yuning Kong, X1’s Developer Relations Lead, shared insights into the platform’s vision and impact at Taiwan Blockchain Week. Engaging with Web3 and ZK enthusiasts, Kong’s participation further amplified X1’s global reach and connected the network with key industry stakeholders. Project Deployments and Ecosystem Expansion Since its inception, X1 Testnet has witnessed an impressive influx of approximately 50 diverse projects deployed within its ecosystem, such as Galxe, QuickSwap, Particle Network, Math Wallet, and many more. These projects focusing on different areas of the ecosystem, such as DeFi, Wallet, Infrastructure and SocialFi, have contributed significantly to the expansion and diversity of the X1, showcasing the potential and versatility of the platform. X1 Testnet Tour on Galxe A pivotal moment in the X1 Testnet journey wa s marked by the commencement of the X1 Testnet Tour on Galxe. This tour presented users with weekly challenges and opportunities to explore the X1 ecosystem firsthand. Participants were encouraged to engage actively, providing invaluable feedback that has been instrumental in enhancing the testnet experience. Moreover, each quest within the tour provided an educational opportunity, enabling users to gain a deeper understanding of X1 and its collaborative endeavors with partner projects. Community Engagement and Recognition Throughout this period, the X1 community has played a pivotal role in the ecosystem’s growth and development. Their active involvement, enthusiasm, and commitment to exploring and understanding the X1 ecosystem have been fundamental in shaping the platform’s evolution. The community’s feedback and contributions have been instrumental in fine-tuning the testnet experience and laying the groundwork for a robust and user-centric mainnet launch. As a token of appreciation and recognition for the community’s involvement, X1 introduced a system of commemorative X1 NFTs. These NFTs were offered as rewards for active participation in the X1 Testnet Tour, incentivizing users to engage and explore while earning points toward these exclusive digital assets. Learn more about the campaign here. More initiatives are being prepared to bring more excitement to the X1 community. Early Metrics Prove Promise While X1 is still in its nascent stage of development, its initial metrics show great potential. Boasting over 2.97 million transactions generating 26.23 million OKB in volume, X1 demonstrates a rapidly growing user base at the time of writing. Its TVB of 135.13 million OKB highlights the trust and confidence developers and users have placed on the platform. X1 Testnet is at its early stage, but the growth trajectory is highly promising. X1 further shines with its competitive gas fees, clocking in at an average of 14.0524 Gwei, lower than other layer 2 networks, making X1 an appealing choice for cost-conscious users. Looking Ahead to Q1 2024: X1 Testnet Tour Conclusion and Mainnet Launch As the X1 Testnet Tour approaches its conclusion in January 2024, the anticipation for the X1 Mainnet launch in Q1 2024 continues to build. The community’s valuable insights and feedback gathered throughout the tour will play a pivotal role in refining and optimizing the network for its mainnet debut. With the tour wrapping up, the X1 team is diligently preparing for the highly anticipated mainnet release, where the culmination of efforts and enhancements will manifest in a robust, user-friendly, and innovative ecosystem. In Conclusion In summary, the inaugural months of X1 Testnet have been marked by innovation, community-driven growth, and a commitment to creating a robust and inclusive on-chain ecosystem. As we bid farewell to 2023 and move closer to the X1 Mainnet launch in Q1 2024, the X1 team extends its gratitude to the community for their unwavering support and looks forward to an even more transformative phase ahead. About X1 X1 is a ZK-powered layer 2 network that connects the OKX and Ethereum communities to allow anyone to take part in a truly global on-chain ecosystem. Connect with us: X | Discord | LinkedIn | Web Disclaimer This article/blog is provided for informational purposes only. It represents the views of the author(s) and it does not represent the views of OKX. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com. © 2023 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state:”This article is © 2023 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2023 OKX.” No derivative works or other uses of this article are permitted.