OKB Jumps 160% as OKX Completes 65M Token Burn and X Layer Upgrade

OKX has finalized a significant OKB token burn and smart contract upgrade, reducing the total supply to a fixed 21 million OKB by permanently removing minting and burning functionalities from the OKB smart contract [4]. The burn, which involved 65 million tokens, was executed on August 18, 2025, UTC+8, marking a pivotal moment in OKB’s tokenomics structure [3]. This move aligns with OKX’s strategy to enhance OKB’s scarcity and long-term value by embedding supply immutability into its blockchain infrastructure [5].

The impact of the burn was immediate, with OKB’s price surging nearly 160% within a short time frame [1]. This sharp increase reflects strong investor confidence in OKX’s ongoing efforts to optimize token utility and improve blockchain infrastructure. Analysts have noted that the supply reduction could further enhance OKB’s value proposition, particularly as it is increasingly integrated into platform services like gas fees and staking [5]. The upgrade also signals a broader trend in the cryptocurrency market toward supply control and scalability improvements to support growing decentralized finance (DeFi) and real-world asset (RWA) use cases.

Alongside the token burn, OKX completed a major upgrade to its X Layer public chain, leveraging Polygon’s Convergent Data Kernel (CDK) to significantly boost transaction throughput [2]. The enhancements aim to support DeFi, payments, and RWA integrations, positioning X Layer as a competitive infrastructure for developers and users. The upgrade follows months of planned optimizations and migration efforts that began in early June 2025, as the platform continues to refine its ecosystem [3]. By improving performance and scalability, OKX is reinforcing its presence in the global blockchain industry.

The market response has been overwhelmingly positive, with increased on-chain activity and developer interest indicating a potential growth trajectory for the platform. The X Layer’s improved capabilities are expected to foster greater DeFi engagement and attract more projects to the OKX ecosystem. As the regulatory environment continues to evolve, OKX’s proactive approach to infrastructure and tokenomics could serve as a model for other crypto platforms seeking to balance innovation with compliance.

Source:

[1] OKB Jumps 160% on 65M Token Burn and X Layer Upgrade (https://cointelegraph.com/news/okb-price-surges-160-okx-token-burn-x-layer-upgrade)

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

[3] 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)

[4] Announcement on the PP Upgrade of X Layer and ... (https://www.okx.com/help/announcement-on-the-pp-upgrade-of-x-layer-and-optimisation-of-the-okb-gas)

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