OKB Cross-Chain Swap Tops 90% in New Economic Model Upgrade
On August 19, OKB cross-chain swap reached a key milestone with over 90% of OKB tokens migrated from Ethereum Layer 1. This milestone is part of OKEx’s Native Gas Token – OKB economic model upgrade, unveiled on August 13, which transitions OKB into a multi-chain native gas token. The cross-chain infrastructure underpins the new X Layer, a Layer 2 ecosystem designed to bridge Euro-DeFi with the Ethereum community. By expanding OKB’s functionality across blockchains, the upgrade enhances transaction efficiency and network interoperability. Traders may see increased liquidity and utility for OKB as the swap accelerates adoption. Overall, the OKB cross-chain swap and economic model upgrade mark a significant step in OKEx’s DeFi strategy, potentially boosting OKB’s market prospects.
Bullish
The OKB cross-chain swap milestone signals growing network interoperability and utility, typically driving positive market sentiment. By migrating over 90% of tokens, OKEx’s economic model upgrade enhances OKB’s role as a multi-chain native gas token on the X Layer. Historically, similar cross-chain expansions—such as Binance USD (BUSD) launching on multiple chains—boosted liquidity and adoption, supporting price appreciation. In the short term, traders may react with increased buying pressure anticipating broader use cases and higher transaction volume. In the long term, robust cross-chain infrastructure can sustain demand by connecting diverse DeFi ecosystems and reducing reliance on a single blockchain, underpinning a bullish outlook for OKB’s market performance.