OKB Cross-Chain Swap Hits Milestone: Over 90% Completed as Part of Economic Model Upgrade

On August 19th, COINOTAG reported significant advancements in the crypto space as over 90% of OKB tokens on the Ethereum Layer 1 successfully underwent a cross-chain swap. This initiative aligns with OKEx’s recent announcement regarding the Native Gas Token – OKB Economic Model Upgrade revealed on August 13th. The transition to a cross-chain infrastructure allows OKB to operate across various blockchains, serving as the native gas token for the new X Layer. This Layer 2 network is positioned as a highly adaptable and global on-chain ecosystem, aiming to connect the Euro-DeFi realm with the Ethereum community. With this development, the focus remains on establishing a cohesive and robust framework that facilitates seamless on-chain transactions and enhances overall user experience in the ever-evolving landscape of decentralized finance.