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Data: Over 90% of OKB Migration to Ethereum L1 Completed

By: theblockbeats.news|2025/08/19 03:22:17

BlockBeats News, August 19th, according to official sources and on-chain data, over 90% of OKB on Ethereum L1 has completed the cross-chain swap. This OKB cross-chain swap is part of OKEx's implementation of the "Native Gas Token - OKB Economic Model Upgrade" announced on August 13th. Subsequently, OKB will exist in a new cross-chain mode across multiple chains and serve as the X Layer's native Gas token. The X Layer Layer 2 network is reported to be a highly flexible, global on-chain ecosystem that bridges the Euro-DeFi and Ethereum communities, with the vision of bringing everything on-chain.

What is Crypto Wallet Screening and Why Does It Matter?

A new wallet has deposited 1,997,000 USDC into HyperLiquid and taken a 10x leveraged short position on BTC.