Bitcoin News Today: OKX's 65M OKB Burn and X Layer Upgrade Drive 173% Price Surge

Generated by AI AgentCoin World
Wednesday, Aug 13, 2025 6:52 am ET2min read
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Aime RobotAime Summary

- OKX upgraded X Layer blockchain with Polygon CDK integration, boosting transaction throughput to 5,000 TPS and expanding DeFi/payments capabilities.

- A 65 million OKB token burn reduced supply to 21 million, triggering a 140-173% price surge to $134 as market confidence in OKB's utility grew.

- The strategic shift consolidates OKB as X Layer's core utility token, aiming to streamline operations, cut gas costs, and attract developers/users to its blockchain ecosystem.

- Analysts link the price spike to short-term burn effects, but long-term success depends on X Layer's adoption and ecosystem growth beyond initial hype.

- OKX's transformation from exchange to blockchain platform reflects industry trends toward diversified infrastructure and reduced reliance on traditional trading models.

OKX has finalized a major upgrade to its X Layer blockchain, marking a significant milestone in its tokenomics and infrastructure development. The platform has completed the integration of X Layer with Polygon’s CDK, increasing transaction throughput to 5,000 TPS and supporting a broader range of decentralized finance (DeFi) and payments use cases [2]. This enhancement positions X Layer as a more scalable and efficient infrastructure for decentralized applications and financial services [6].

As part of the broader strategic shift, OKX also executed a substantial token burn, retiring 65 million OKB tokens and reducing the total supply to a fixed cap of 21 million [5]. The move was widely perceived as a bullish signal, triggering a strong market response. Reports indicate that OKB’s price surged between 140% and 173% in the days following the announcement, reaching a new all-time high near $134 [4]. This price movement reflects the market’s positive sentiment toward OKX’s ongoing efforts to enhance OKB’s utility and scarcity.

The upgrade and burn are part of a broader strategy to reposition OKB as a central utility token for OKX’s expanding blockchain infrastructure. By consolidating the token model and retiring OKTChain, OKX aims to streamline operations, reduce gas costs, and attract more developers and users to its ecosystem [3]. The X Layer now serves as the primary public chain for OKX’s blockchain activities, optimized for scalability, speed, and decentralized applications [6].

Analysts have noted that large-scale token burns and infrastructure upgrades often drive short-term price momentum, and the recent surge in OKB’s price aligns with this pattern [10]. However, the long-term success of the X Layer will depend on the adoption of its features and the subsequent growth of the ecosystem beyond the initial hype [2].

OKX’s approach reflects a broader trend in the crypto space, where exchanges are evolving into full-fledged blockchain platforms to diversify their offerings and reduce reliance on traditional trading models. This transformation positions OKX not just as a leading exchange but as a key player in the public blockchain ecosystem [7].

The fixed supply model and X Layer’s enhanced capabilities suggest that OKX is preparing for sustained growth in transaction volumes and decentralized application usage. These developments position OKB as a more stable and scalable asset within the crypto market, reinforcing its role in the future of decentralized finance [9].

Source:

[1] How

Bitcoin
Penguins is turning out to be one of the best... (https://coinjournal.net/news/how-bitcoin-penguins-is-turning-out-to-be-one-of-the-best-new-meme-coins-to-invest-in/)

[2] OKX Announces Historic 65 Million OKB Token Burn, Price ... (https://coincentral.com/okx-announces-historic-65-million-okb-token-burn-price-jumps-170/)

[3] OKX to Upgrade X Layer, Retire OKTChain & Revamp $ ... (https://coinfomania.com/okx-to-upgrade-x-layer-retire-oktchain-revamp-okb-gas-model/)

[4] OKB Explodes 140% in a Day! OKX Announces Game ... (https://coinpedia.org/news/okb-explodes-140-in-a-day-okx-announces-game-changing-upgrade/)

[5] OKB surges after OKX cuts supply with massive token burn (https://www.fxstreet.com/cryptocurrencies/news/okb-surges-after-okx-cuts-supply-with-massive-token-burn-202508131007)

[6] OKB blasts by 173% after 65.26M token burn, swap plans (https://www.cryptopolitan.com/okb-blasts-by-173-after-65-26m-token-burn/)

[7] Crypto Briefing - Bitcoin,

Ethereum
and the future of finance (https://cryptobriefing.com/)

[8] OKX to Upgrade X Layer, Teases 65256712.097 OKB Burn (https://www.coinspeaker.com/okx-x-layer-upgrade-teases-65256712-097-okb-burn/)

[9] OKX X Layer Upgrade Boosts TPS to 5000 and Drives OKB ... (https://www.ainvest.com/news/okx-layer-upgrade-boosts-tps-5-000-drives-okb-price-166-64-2508/)

[10] Why OKB (OKB) Surged 153.42% Today: Key Drivers ... (https://coinunited.io/learn/en/trading-strategies/why-okb-okb-surged-153-42-today-key-drivers-explained)