14.08.2025 10:15

OKX's native cryptocurrency, OKB, experienced a dramatic 170% price surge within an hour of a major tokenomics update announcement. This significant increase propelled OKB's value from approximately $47 to $126, according to CoinGecko data, reflecting strong investor confidence and enthusiastic community response.

The update, shared by OKX on August 13th, 2025, detailed a strategic overhaul of X Layer, their public blockchain based on zkEVM and built in collaboration with Polygon. Key components of this upgrade included a core technology enhancement (PP update), a revised ecosystem development strategy, and deeper integrations with OKX Wallet, OKX Exchange, and OKX Pay. The announcement also highlighted the decommissioning of OKTChain and a consequential economic model update for OKB, its native gas token.

A crucial element of the update involved a one-time burn of over 65 million OKB tokens, resulting in a fixed total supply of 21 million. This significant reduction in circulating supply is widely believed to be a primary driver behind the substantial price increase. The improved technology and streamlined ecosystem promised by the X Layer upgrade further bolstered market sentiment, contributing to OKB's remarkable price performance.

At the time of this writing, while the initial price spike has somewhat subsided, OKB remains significantly higher than its pre-announcement value, indicating sustained positive market reaction to the substantial changes implemented by OKX. The long-term effects of this update and its impact on OKB's price remain to be seen, but the immediate response points to a considerable shift in investor perception and anticipation for future developments within the OKX ecosystem.