The cryptocurrency exchange Bitrue has announced a temporary pause on deposits and withdrawals of the $OKB token as it transitions to the X Layer Mainnet. This migration, which started on August 29, 2025, marks a significant step forward for the $OKB token and its associated ecosystem. As part of this process, Bitrue will discontinue support for the ERC20 chain version of $OKB, effectively ending its operation on the Ethereum network. This shift is part of a larger trend within the blockchain space, where various projects are choosing to move away from Ethereum in favor of blockchains offering greater scalability and reduced transaction costs [1].
OKB serves as the primary utility token within the OKEx ecosystem, a major global trading platform. Token holders enjoy several advantages, including a 40% discount on trading fees and exclusive access to features and promotions on OKEx. In mid-August 2025, OKB was trading at approximately $166.31, with a 24-hour trading volume nearing $283 million, highlighting its substantial liquidity and strong presence in the market. This current migration follows precedents set by successful transitions, such as TRON’s move to its own mainnet in 2018, which improved the network’s operational capabilities and lowered its reliance on the Ethereum blockchain [1].
The process of migration entails a temporary halt to all $OKB transfers on the Bitrue platform. This may impact users’ trading activities or their access to liquidity during this period. Following the completion of the migration, token holders will need to swap their ERC20-based $OKB tokens for X Layer Mainnet $OKB tokens at a 1:1 exchange rate. Bitrue is advising users to closely follow their official announcements for updates on the migration timeline and the specific swap procedures to ensure they maintain access to their tokens after ERC20 support concludes [1].
This transition reflects a wider movement within the cryptocurrency industry, where prominent exchanges and blockchain projects are increasingly focused on creating their own mainnets to enhance scalability, improve security, and gain greater control over their operations. For example, Binance migrated to its own blockchain, Binance Chain, to optimize BNB transactions, while TRON, among others, followed suit to reduce their dependence on Ethereum. These transitions not only increase network efficiency but also pave the way for new features like staking and governance, ultimately contributing to the long-term viability of these token ecosystems [1].
While the temporary suspension might create short-term inconveniences for users, the long-term benefits of the X Layer Mainnet could be significant. The new network aims to deliver faster transaction processing speeds, reduced transaction fees, and the potential for innovative applications, which could drive increased adoption and preserve value. Furthermore, planned quarterly token burns are expected to help maintain the token’s value and potentially support an upward price trend, assuming the network lives up to its performance expectations [1]. As the migration unfolds, users are strongly encouraged to stay informed through updates provided by both Bitrue and OKEx to ensure a seamless transition.
Source:
[1] Bitrue OKB Mainnet Migration – X Layer, ERC20 Support Ends (https://coinfomania.com/bitrue-okb-mainnet-migration-x-layer-erc20-support-ends/)