OKB Soars 100% After $7.6B Burn and X Layer Upgrade

OKB, the native token of crypto exchange OKX, surged more than 100% in late August 2025 following a $7.6 billion token burn and a major network upgrade. The burn event involved the permanent removal of 65.25 million OKB tokens, slashing the circulating supply by approximately 52% and reducing the total supply to just 21 million tokens. This move created a deflationary effect similar to Bitcoin’s capped supply model and sparked strong speculative interest among traders and investors [1].

At the time of writing, OKB traded around $205, with a market capitalization of $4.3 billion. The token reached a peak of $240 earlier in the week, fueled by the burn and the broader momentum in the crypto market. Analysts have pointed out that such large-scale supply reductions often trigger short-term buying pressure, as seen in similar events involving Binance Coin in 2021 [2].

The token’s rally was further supported by the successful launch of the X Layer network upgrade, which was completed on August 5. The upgrade, known as the “PP Upgrade,” enhanced the network’s throughput to 5,000 transactions per second while significantly reducing gas fees. The update also improved integration between the OKX Wallet and the main exchange platform, effectively consolidating developer activity and phasing out the older OKTChain. OKB now serves as the primary gas token for the X Layer, enhancing its utility and aligning with growing interest in decentralized finance (DeFi) and tokenized real-world assets [1].

Market analysts are monitoring key price levels to assess the token’s near-term trajectory. The $214 support zone is considered critical, with three potential price scenarios emerging:

- A suggests that if OKB holds above $214 and gains momentum, it could target $260 and eventually $300. This would depend on strong adoption of DeFi protocols on the X Layer and increased institutional interest in a capped-supply model.

- A envisions consolidation between $180 and $220 in the short term, allowing the market to digest recent gains before potentially moving higher.

- A warns that a breakdown below $180 could push the price back to $150, especially if broader crypto sentiment weakens. However, analysts note that the permanently reduced supply may attract strong buying interest in the event of a deep correction [3].

With its circulating supply cut in half and a major network upgrade enhancing its utility, OKB has become one of the most deflationary exchange tokens in the market. The coming weeks will be crucial in determining whether this momentum translates into sustained long-term gains. The strategic use of token burns and ecosystem upgrades highlights OKX’s commitment to strengthening OKB’s value proposition, leveraging both scarcity and functionality to drive demand.

The token’s performance underscores the growing importance of supply-side strategies in the crypto space, with platforms increasingly using token burns to reinforce value and investor confidence. While the immediate market response has been positive, the sustainability of OKB’s gains will depend on continued innovation and ecosystem growth within the OKX platform.

[1] Coindoo, https://coindoo.com/okb-skyrockets-after-7-6b-token-burn-and-network-upgrade/

[2] KuCoin, https://www.kucoin.com/news/category/web3

[3] AInvest, https://www.ainvest.com/news/okb-deflationary-revolution-strategic-case-capitalizing-okx-ecosystem-overhaul-2508/