14.08.2025 02:02

OKX's native token, OKB, experienced a dramatic surge, more than doubling in price to reach an unprecedented all-time high. This remarkable increase followed the exchange's announcement of significant changes to its tokenomics, including a substantial token burn.

Driven by the news of a planned reduction in supply, the OKB price skyrocketed, briefly touching $135 before settling near $103. This represents a staggering 124% increase in value within a 24-hour period, making it the top performer among the leading 100 cryptocurrencies by market capitalization. Trading volume surged, with nearly $3.5 billion worth of OKB exchanged during this period.

The impetus for this price surge stems from OKX's ambitious plans to upgrade its X-Layer, an Ethereum layer-2 network. This upgrade aims to establish X-Layer as a premier platform for decentralized finance (DeFi), real-world asset (RWA) tokenization, and streamlined payment solutions. These technological improvements, including lower transaction fees and enhanced processing speeds, are central to OKX's vision for X-Layer.

Further contributing to the OKB price rally is the decommissioning of OKX's OKT Chain and a radical overhaul of OKB's tokenomics. This involves a one-time burn of over 65 million OKB tokens, sourced from previous buybacks and treasury reserves. Following this burn, OKX will implement a smart contract mechanism to automatically incinerate any OKB sent to a designated "blackhole" address, permanently fixing the total OKB supply at 21 million tokens. This decisive action, coupled with the X-Layer upgrade, has fueled significant investor confidence and driven the exceptional price appreciation. The information for this report was gathered from internet sources.