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OKB Token Price Experiences 170% Surge Post Significant Tokenomics Revamp

OKX's announcement of burning 65 million OKB tokens and setting the total supply at 21 million sends OKB prices surging by 170%. Alongside this, the platform is also improving its Layer 2 solution.

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OKB token price skyrockets by 170% post significant tokenomics revamp at OKB
OKB token price skyrockets by 170% post significant tokenomics revamp at OKB

OKB Token Price Experiences 170% Surge Post Significant Tokenomics Revamp

In a significant move aimed at enhancing the user experience, OKX, a leading cryptocurrency exchange, has announced a series of changes that will transform the role and value of its native token, OKB. The highlight of these changes is the X Layer upgrade, which will see OKB become the exclusive gas token for a high-capacity, low-fee blockchain optimized for DeFi and real-world asset tokenization.

The X Layer Upgrade

The X Layer upgrade involves integrating the latest Polygon CDK technology, a move that is expected to boost throughput to 5,000 transactions per second (TPS) and cut gas fees to near-zero. This makes OKB indispensable for transaction fees, staking, and DeFi activities on the X Layer blockchain.

A Major Deflationary Event

Coinciding with the X Layer upgrade, OKX has announced a major deflationary event—a historic token burn. This event will cut OKB's supply approximately in half, from 300 million to a fixed total supply of 21 million tokens. This burn, amounting to about $7.6 billion in token value, creates significant scarcity, pushing OKB’s price to new all-time highs above $200 and boosting its market capitalization to over $4.3 billion.

The Impact of the Changes

The combined impact of the X Layer upgrade and the supply burn includes:

  • Enhanced utility as the exclusive gas token for a high-capacity, low-fee blockchain tailored for DeFi and tokenized real-world assets.
  • Increased token scarcity via a permanent fixed supply with no future minting or manual burns enabled, reinforcing long-term value.
  • Improved staking and liquidity dynamics, attracting more investors and balancing exchange rewards with decentralized ecosystem demand.
  • Strengthened ecosystem integration, with OKB powering cross-chain functionality, payments, governance voting rights, and participation in partner platforms.

Trading activity around OKX's native token will likely remain high as these changes roll out through August 2025. The recent price spike follows heightened volatility in the broader cryptocurrency market, with OKB experiencing a separate 45% surge on August 9, 2025, reaching $67.9. This surge was also seen after OKX announced burning over 65 million tokens.

The Future Outlook

Analysts view OKB's upgraded utility and deflationary economics as jointly positioning the token for sustained growth, particularly by tapping into expanding DeFi and real-world asset sectors, despite overall stagnant crypto market trends. However, regulatory risks related to token burns and centralized exchange tokens remain a consideration.

Timeline of Key Events

  • OKTChain will be retired by OKX on August 15, 2025.
  • OKT trading will cease on August 13, 2025.
  • The automatic conversion of OKT to OKB will occur on August 15, 2025.
  • Users will need to bridge their tokens to X Layer through OKX.
  • The X Layer upgrade includes plans for an ecosystem fund, liquidity incentives, and enhanced infrastructure.
  • The OKTChain will remain operational until January 1, 2026.
  • OKX is phasing out the Ethereum L1 version of OKB.
  • OKX is maintaining OKB as X Layer's exclusive gas and native token.

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