According to Odaily, Mode has announced that its native token, MODE, has transitioned into a multi-chain asset. The expansion initially extends to Ethereum and OP Mainnet, supported by the OFT standard of LayerZero. This move enhances the accessibility of MODE in DeFi and lays the groundwork for broader expansion. By leveraging the infrastructure of LayerZero, MODE can now be transferred and used across different networks without compromising security or efficiency.
On Ethereum, MODE can now be used as liquidity on Uniswap V3. In collaboration with Velodrome on Optimism, Mode has launched a new pool. This development signifies a significant step in the evolution of Mode's native token, as it broadens its reach and functionality across multiple blockchain networks. The transition to a multi-chain asset not only increases the token's accessibility in the DeFi space but also sets the stage for further expansion in the future.