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2d ago

OKX Caps OKB Supply at 21M With 65M Burn and Launches Upgraded X Layer

Markets responded with a 159% intraday surge to OKX’s one-time 65 million OKB burn fixing supply at 21 million.

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Okx slashes okb token supply by 50% with $7.6b burn, price surges
OKB jumps 170% after OKX unveils tokenomics upgrade and 65M token burn
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Overview

  • OKX permanently removed 65,256,712 OKB from circulation and amended the token’s smart contract to disable future minting or burning, fixing total supply at 21 million.
  • The exchange halted OKT trading on August 13 and opened an automatic OKT-to-OKB conversion window based on the July 13–August 12 average price, with deposits accepted until January 1, 2026.
  • OKX launched the PP upgrade to its X Layer, integrating Polygon CDK to boost transaction throughput to roughly 5,000 TPS and slash gas fees to near zero.
  • Ecosystem measures including dedicated funding, liquidity incentives, upgraded bridges, oracles and compliance tools were unveiled to drive developer adoption and on-chain activity.
  • Following the announcements, OKB’s price spiked between 159% and 172% intraday, according to CoinGecko and other market trackers.