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The Omnichain Fungible Token (OFT) Standard went live in production, enabling developers to launch tokens across multiple blockchains.

The DeFi dApp Trader Joe (JOE) adopted the OFT Standard to make its native token omnichain.

The liquid staking token unshETH ($unshETH) adopted the OFT standard to expand its presence from Ethereum to BNB Chain.

LayerZero Labs published a detailed article on Medium explaining the technical mechanics and benefits of the OFT Standard.