OKB price hit a new all-time high as the market was excited about the migration of the tokens to its native chain. Okx exchange’s native token, OKB, gained value drastically after 90% of the OKB tokens were transferred to X layer, OKX’s native network, with an aim to create a unified ecosystem with one token, one chain. With excitement rippling through the crypto community, OKB broke above its previous all-time high (ATH) of $207 and established a new ATH of $224.
Market movement tracker Lunar Crush shared about this migration on X and stated, “$OKB has successfully transitioned 90% of its tokens to its new home on X Layer, marking a significant milestone.”
What does this mean to OKB?
Full ecosystem control – By shifting from external chains to its own layer-2 (X Layer, built on Ethereum’s OP Stack), OKX reduces reliance on others and can customize features for its users.
Gas fee savings and speed – Transactions on X Layer are cheaper and faster than on the Ethereum mainnet, which should improve trading and DeFi activity for OKX users.
Boost for OKB utility – Since OKB is the ecosystem token, the migration likely increases its use in gas fees, staking, governance, and ecosystem incentives, giving the token more demand.
RWA and DeFi expansion – With its own L2, OKX can onboard DeFi apps, tokenized assets (RWAs), and NFT projects more easily, making X Layer a hub for activity that ties back to OKB.
At the time of publication, OKB is trading at $224 after gaining more than 125% in value during the past week. Both its trading volume and market cap are up by 420% and 70% respectively.
