Cryptocurrency Exchange OKX Updates Token Structure, Leading to a 150% Hike in OKB Value
OKX Announces Major Upgrade to OKB and X Layer, Boosting Token's Utility and Scarcity
In a significant move, OKX, the cryptocurrency exchange, has executed a one-time burn of approximately 65.25 million OKB tokens, permanently capping the total supply at 21 million tokens. This burn, which removed over half of the circulating supply, has sent the price of OKB soaring—with reports suggesting an increase of over 100% to 170%.
Simultaneously, OKX completed the upgrade of its X Layer blockchain, known as the "PP upgrade", on August 5, 2025. This upgrade has brought several improvements, including:
- Increased throughput to 5,000 transactions per second (TPS)
- Gas fees reduced to near zero
- Enhanced compatibility and security aligned with Ethereum, fostering broader developer adoption
- Positioning X Layer as a public chain optimized for DeFi, payments, and real-world asset (RWA) applications
This upgrade strengthens OKB's role as the gas token for the growing OKX ecosystem, including OKX Wallet, OKX Exchange, and OKX Pay.
The burn event and X Layer upgrade have created a scarce, utility-rich token with strong technological backing. This transformation is expected to support long-term price appreciation, driven by:
- The scarcity and deflationary pressure from the capped supply and burn event
- The enhanced network performance and lower fees, which can drive higher transaction volumes and DeFi adoption on X Layer
Analysts propose price scenarios ranging from consolidation in the $180–220 range, to potential rallies above $300 if DeFi use cases and ecosystem growth accelerate, though downside risk to around $150 remains if crypto market sentiment weakens despite these fundamentals.
OKX's strategic combination of tokenomics reform and robust blockchain innovation aims to make OKB a leading asset in the DeFi and payments space. However, sustaining growth depends on continuous ecosystem expansion and adoption of X Layer’s capabilities.
On-chain OKT holders can still deposit their tokens until January 1, 2026, for automatic conversion. Infrastructure updates for X Layer include enhanced cross-chain bridges, better oracle support, and integrated compliance tools. The historic supply cut has drawn strong interest from traders and long-term holders.
[1] OKX Official Announcement: [Link to the official announcement] [2] CoinGecko Report: [Link to the CoinGecko report] [3] Market Analyst Report: [Link to the market analyst report] [4] OKX Developers Blog: [Link to the OKX Developers blog post] [5] Bitcoin's Fixed Supply Model: [Link to a resource explaining Bitcoin's fixed supply model]
- The upgraded X Layer blockchain, with its enhanced features like increased throughput, near-zero gas fees, and compatibility with Ethereum, promises to attract a broader developer base within the finance and technology sectors, bolstering the OKB's role as a gas token for the OKX ecosystem.
- The strategic combination of tokenomics reform and technological advancements, such as the reduction in the OKB supply and the enhancement of X Layer's capabilities, positions OKB as a competitive asset in the global finance and technology-driven DeFi and payments market, potentially driving long-term price appreciation.
