OKX’s OKB Token Soars 170% After Supply Burn and Network Upgrade
OKX's native token OKB experienced a staggering 170% surge in value following a significant token burn and network upgrade. On August 13, 2025, the exchange executed a one-time burn of 65,256,712.097 OKB, permanently capping the total supply at 21 million tokens—a strategic move inspired by Bitcoin's scarcity model. This supply reduction, coupled with a major network overhaul, has sparked intense market interest. The upgrade integrated Polygon's Chain Development Kit into X Layer's infrastructure, boosting throughput to 5,000 transactions per second. These developments position OKB as a deflationary asset with enhanced utility, mirroring successful cryptocurrency economic models while improving technical capabilities for future growth.
OKB Token Surges 170% Following Supply Reduction and Network Upgrade
OKX's native token OKB skyrocketed over 170% after the exchange executed a massive token burn and network overhaul. The platform destroyed 65,256,712.097 OKB in a one-time burn, permanently capping supply at 21 million tokens—a MOVE mirroring Bitcoin's scarcity model.
The August 13 upgrade introduced fundamental changes to X Layer's infrastructure, integrating Polygon's Chain Development Kit to boost throughput to 5,000 TPS while slashing gas fees to near-zero levels. This technical revamp positions X LAYER as a high-performance Ethereum-aligned network targeting DeFi, global payments, and real-world asset tokenization.
OKX is consolidating OKB's utility as the exclusive gas token across its ecosystem, discontinuing ethereum L1 withdrawals in favor of one-click migration to X Layer. The exchange has implemented smart contract-controlled burns for future supply management, signaling long-term value accrual mechanisms for the token.
OKB Surges 160% After Token Burn and X Layer Upgrade
OKB, the native token of OKX, skyrocketed nearly 160% in a single day following a major tokenomics overhaul and blockchain upgrade. The exchange permanently removed 65,256,712 OKB from circulation, capping total supply at 21 million tokens—a move that propelled prices from $45 to $135.
Simultaneously, OKX unveiled a significant upgrade to its Polygon-powered zkEVM chain, X Layer. The "PP upgrade" boosts throughput to 5,000 TPS with near-zero gas fees, while enhancing Ethereum compatibility for DeFi and real-world asset applications. This technical leap coincides with strategic shifts including the sunsetting of OKTChain and exploration of a U.S. IPO.
BlackRock-Backed RWA Accelerator Launches Amid Tokenization Boom
The tokenized real-world asset (RWA) market has surged past $25 billion, prompting major crypto players to launch Ascend, a selective accelerator for institutional-grade on-chain finance startups. Backed by Galaxy Ventures, OKX Ventures, and Anchorage Digital, the program targets early-stage teams with live products and offers $500,000 in funding alongside mentorship.
Market data reveals a 65% year-over-year growth in RWA value, excluding stablecoins, climbing from $15.2 billion in late 2024 to over $24 billion by mid-2025. The initiative underscores traditional finance's accelerating embrace of blockchain infrastructure.
