OKB Soars As X Layer Upgrade Rolls Out
Record-Breaking Token Burn
OKX has stunned the crypto market by announcing the burn of over 65 million OKB tokens, reducing the total supply to a fixed 21 million. This marks one of the most aggressive deflationary moves in crypto history, aimed at boosting the long-term value of OKB. Following the burn, OKX will upgrade the OKB smart contract to permanently remove both minting and burning functions, ensuring the supply remains fixed forever.
announcement : OKB
OKB Price Jumps 170% In Just 1 Hour
Immediately after the announcement, OKB’s price skyrocketed from around $47 to $126 within just one hour — a gain of over 170%. Trading volume surged as investors rushed to accumulate OKB ahead of the permanent supply cap. This kind of explosive reaction is rare even among top-tier cryptocurrencies.
X Layer Upgrade: 5,000 TPS And Near-Zero Fees
Alongside the token burn, OKX rolled out its “PP” upgrade for X Layer, the public blockchain built on zkEVM technology. The upgrade boosts throughput to 5,000 transactions per second, reduces gas fees to near zero, and enhances Ethereum compatibility. These improvements will be integrated seamlessly across the OKX Wallet, exchange platform, and payment system, providing a smoother and faster user experience.
OKTChain Shutdown And Token Migration
The transformation also involves the decommissioning of OKTChain. OKX will stop OKT token trading on August 13, 2025, and will begin automatically converting OKT into OKB on August 15, 2025, based on a predetermined average price. OKTChain will officially shut down on January 1, 2026. Furthermore, the Ethereum Layer 1 version of OKB will be retired, requiring users to migrate to the X Layer version to continue enjoying its benefits.
Ecosystem Expansion And Long-Term Strategy
This upgrade is not just about the burn — OKX is launching a full-scale ecosystem expansion. The plan includes a dedicated ecosystem development fund, liquidity incentives for users, upgraded bridges and oracles, and stronger compliance tools to attract institutional participation. These measures aim to solidify X Layer as a powerful, high-speed, and cost-efficient blockchain network within the OKX ecosystem.
Conclusion: A Pivotal Moment For OKB
OKX is making a bold strategic move by combining a massive token burn with a complete infrastructure overhaul. With a fixed supply, high-performance blockchain capabilities, and expanding utility, OKB is positioning itself as one of the most scarce and promising CEX tokens on the market. For long-term investors, this may be a pivotal moment to watch closely.