OKB Jumps 170% After 65M Token Burn and X Layer Upgrade

OKX has made a significant stride in its blockchain infrastructure development by enhancing its X Layer through the integration of Polygon’s Chain Development Kit (CDK). This technical upgrade, referred to as the “PP upgrade,” is designed to scale the X Layer’s transaction capacity to 5,000 transactions per second while reducing gas fees to near-zero levels. The enhancement not only improves the performance of the X Layer but also aligns the platform with Ethereum’s ecosystem, enabling broader compatibility with existing decentralized applications [1].

Alongside the technical overhaul, OKX executed a large-scale token burn, permanently removing 65 million OKB tokens from circulation. This move has reduced the total supply of OKB to a capped 21 million, a deflationary strategy that parallels Bitcoin’s supply model. The token burn is expected to enhance OKB’s value proposition and reinforce its role as the sole native token within OKX’s ecosystem [2]. The impact of this action has been immediate and significant, with OKB’s price surging by as much as 160% and 170% in the days following the announcement [3].

OKX also announced plans to phase out its OKTChain and convert OKT tokens into OKB, further consolidating value and simplifying the token structure for users and developers. This transition underscores OKX’s commitment to a streamlined and efficient blockchain environment, where OKB serves as the central utility and governance token [5].

The X Layer, which operates as a zero-knowledge Ethereum Virtual Machine (zkEVM)-based blockchain, now offers enhanced scalability and lower operational costs. These improvements are expected to attract developers and users seeking a robust and cost-effective infrastructure for decentralized finance (DeFi), payments, and real-world asset (RWA) integrations [4]. The X Layer is positioned to become a leading public chain by 2025, with a strategic focus on adoption, user experience, and ecosystem growth.

OKX’s Wallet has been updated to fully support the upgraded X Layer, allowing users to interact with the network seamlessly. The integration of zero-gas transactions and high-speed processing is likely to drive broader adoption of the X Layer across various applications. Analysts suggest that these changes could solidify OKX’s position in the blockchain infrastructure space and enhance the utility of OKB across multiple ecosystems [6].

The deflationary measures and technical upgrades have already sparked strong community and market reactions. User discussions on social platforms reflect enthusiasm for the platform’s evolution, while developers have shown broad support for the low-cost and high-performance features of the X Layer [4]. The surge in OKB’s trading volume and market activity further indicates growing investor interest in the token and the broader OKX ecosystem [7].

As OKX continues to optimize its blockchain infrastructure and tokenomics, the market remains closely watching for future developments. The integration with Polygon and the strategic token burn represent a pivotal moment in OKX’s evolution, with potential long-term implications for DeFi and the broader crypto market.

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[1] title: OKX's native token soars to all-time high after massive ... (https://www.okx.com/news/article/okxs-native-token-soars-all-time-high-after-massive-token-burn-52248908460064)

[2] title: OKB Surges 160% After 65M Token Burn and Major X ... (https://www.cointribune.com/en/okb-surges-160-percent-token-burn-x-layer-upgrade/)

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

[4] title: Why OKB/USDT price soared 2x today? Is it because of their ... (https://x.com/i/grok/share/FGBLAcmwPscn7eH7Pd2V1uNJR)

[5] title: OKX Wallet backs X Layer Official's strategic upgrade for ... (https://www.ainvest.com/news/okx-wallet-backs-layer-official-strategic-upgrade-defi-payments-rwas-leading-public-chain-2508/)

[6] title: OKB jumps 170% after OKX unveils tokenomics upgrade ... (https://cryptobriefing.com/okb-tokenomics-upgrade-token-burn/)

[7] title: OKB Jumps 160% as OKX Completes 65M Token Burn ... (https://www.ainvest.com/news/okb-jumps-160-okx-completes-65m-token-burn-layer-upgrade-2508/)