We propose the use of Nyquist OTDM-WDM signal for highly efficient, fully elastic all-optical networks. With the possibility of generation of ultra-coarse yet flexible granular channels, Nyquist OTDM-WDM can eliminate guard-bands in conventional WDM systems, and hence improves the spectral efficiency in network perspective. In this paper, transmission and pass-drop operations of mixed baudrate Nyquist OTDM-WDM channels from 43 Gbaud to dual-polarization 344 Gbaud are successfully demonstrated over 320 km fiber link with four FlexGrid-compatible WSS nodes. A stable clock recovery is also carried out for different baudrate Nyquist OTDMs by optical null-header insertion technique.