OKB Surges as OKX Slashes Supply and Unveils X?Layer Upgrade

OKB, the native token of the OKX exchange, experienced a stunning 170% surge today after the platform announced sweeping changes to both its tokenomics and blockchain infrastructure.

Massive Token Burn & Supply Fixation

OKX executed a one-time burn of 65,256,712 OKB—taken from historical repurchases and treasury reserves—effectively capping total supply permanently at 21 million tokens. In tandem, the OKB smart contract was upgraded to remove all minting and burning capabilities, making scarcity a baked-in feature.

X Layer's “PP Upgrade”: Performance & Purpose

OKX also rolled out a major upgrade to its zkEVM-based X Layer, powered by Polygon’s CDK (the so-called “PP upgrade” completed on August 5). This upgrade delivers:

• 5,000 TPS (transactions per second)
• Greatly reduced gas fees (almost 0)
• Improved Ethereum compatibility

The enhanced X Layer is now positioned as a public blockchain optimized for DeFi, payments, and real-world asset (RWA) use cases. OKX is backing it with an ecosystem fund, liquidity incentives, and deep integration across its products including OKX Wallet, OKX Exchange, and OKX Pay (which now uses X Layer as its default chain).

Phasing Out OKTChain & Ethereum L1 OKB

OKX revealed plans to decommission OKTChain. Trading for OKT ceased on August 13, and starting August 15, OKT tokens will be automatically converted to OKB, based on a 30-day average closing price. OKTChain will remain operational until January 1, 2026, allowing for smooth asset migration.

Simultaneously, OKB’s Ethereum Layer-1 version will be retired. Users are encouraged to migrate their tokens onto X Layer, as further L1 withdrawals will no longer be supported after the transition.

Bullish Signal Occurs 4 hours before Price Surge

Four hours prior to the price surge there were four positive hourly candlesticks with increased volume, which triggered multiple signals at $46.60 on August 13, 2025, at 00:01 GMT—just four hours before the token’s explosive rally began. Multiple Trend signals, including 5 minute, through 2 hours, identified an upward momentum shift that preceded a staggering 254% price increase, with OKB reaching a high of $165.01.

OKB Price Chart

While the OKB price increase from $46.05 to $46.50 may not seem significant at first glance, the trend algorithm recognized that $46.50 was the highest price for OKB in the past seven days, following a very tight trading range. This breakout triggered multiple Exponential Moving Averages used by the algorithm to flip from neutral to a strong bullish signal.

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