PANews reported on August 19th that over 90% of OKB tokens on Ethereum's Layer 1 (L1) have completed a chain swap, according to official sources and on-chain data. This OKB chain swap is part of OKX's implementation of the "economic model upgrade for the native gas token, OKB," announced on August 13th.
OKB will subsequently exist on multiple chains in a new cross-chain model and serve as the native gas token of the X Layer.
It is reported that the X Layer second-layer network is a highly flexible global on-chain ecosystem that connects the EOS and Ethereum communities. Its vision is to bring everything on the chain.

