13.08.2025 13:21
OKB, the native token of the OKX exchange, experienced a phenomenal price surge, reaching a record high of $135 before a slight correction. This dramatic 130% increase, largely concentrated within a single day, followed a significant one-time burn of 65 million OKB tokens, drastically reducing the circulating supply to just 21 million. The resulting scarcity, coupled with intense buying pressure (indicated by an RSI of 94.73), fueled the unprecedented rally. Trading volume exploded, exceeding $2.2 billion according to CoinGecko, reflecting the market's enthusiastic response. Even after retracting approximately 11% from its peak, OKB maintained a substantial daily gain of over 132% and remained comfortably above the $100 mark.
This extraordinary price action coincided with a major upgrade to OKX's X Layer, a zkEVM blockchain built in collaboration with Polygon. Dubbed the "PP upgrade," this enhancement introduces new Polygon CDK features, promising significant improvements. Specifically, the upgrade will increase transaction throughput to 5,000 TPS, lower gas fees, and enhance Ethereum compatibility. Furthermore, X Layer will seamlessly integrate with OKX Wallet, OKX Exchange, and OKX Pay, enabling features such as gasless withdrawals. These developments underscore OKX's commitment to enhancing its blockchain infrastructure and user experience.
The OKX upgrade also signifies a restructuring of the OKX ecosystem. The OKTChain will be decommissioned, with OKT trading ceasing on August 13, 2025. Remaining OKT tokens will be automatically converted to OKB on August 15, using a calculated average price. While deposits to OKTChain will remain possible until January 1, 2026, OKB will continue to serve as the native gas token for the X Layer. The Ethereum L1 version of OKB will be phased out, necessitating that token holders bridge their assets to the X Layer before L1 withdrawals are discontinued. Future plans involve establishing an ecosystem fund and bolstering liquidity, aiming to further solidify OKB's position within the crypto market. These changes represent a strategic shift in OKX's blockchain strategy, transitioning towards a more integrated and efficient ecosystem centered around OKB and the X Layer.
