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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Aug 13, 2025 08:45 UTC
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OKB Explodes 140% in a Day! OKX Announces Game-Changing Upgrade
OKX announces major X Layer upgrade, aiming to reshape OKB token’s future potential.
The platform will permanently burn 65,256,712 OKB, locking total supply at 21 million tokens.
OKTChain will be retired, allowing users to swap OKT for OKB at fair conversion.
OKB briefly surged 140%, hitting a new all-time high around $134 after announcement.
OKX, a leading global cryptocurrency exchange, has announced a major upgrade to its X Layer network that could reshape the future of its native token, OKB. The platform plans to permanently burn over 65 million OKB tokens, lock the total supply forever, and retire OKTChain.
Following the announcement, OKB surged to a new all-time high, jumping 140% in a single day and currently trading around $110.
OKX Fixes Total OKB Supply
According to the OKX announcement, X Layer will now evolve into a public blockchain designed for decentralized finance (DeFi), payments, and real-world asset (RWA) applications. The goal is to make it more useful for developers and users. Meanwhile, OKB will remain the sole native and gas token powering the network.
One of the most eye-catching announcements is that OKX will permanently burn 65,256,712 OKB from past buybacks and reserves. The smart contract will also be upgraded so no new tokens can be created, locking the total supply at 21 million similar to Bitcoin.
OKX believes this fixed supply will help stabilize long-term value and build trust among investors, especially those looking for predictable and transparent tokenomics.
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Goodbye to OKTChain
Alongside the upgrade, OKX also announced that OKTChain will be phased out. Users holding OKT tokens will be able to swap them for OKB based on the average closing price between July 13 and August 12, 2025.
According to OKX, retiring OKTChain will simplify the network and focus attention on the main OKB token.
OKB token Hit All-time-High
Following OKX’s announcement, OKB briefly reached a new all-time high of $134 before settling around $110 reflecting a gain of 130%. Analysts say the rally reflects excitement around the fixed supply and the bigger role OKB will play in the upgraded ecosystem.
Meanwhile, by combining scarcity, utility, and a streamlined network, OKX’s latest move could put X Layer in a much stronger position for the years ahead.
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FAQs
OKB hit a record $134 after OKX announced permanent burning of 65M tokens and fixed supply at 21M (like Bitcoin), boosting investor confidence in its scarcity.
OKX will permanently destroy 65,256,712 OKB from reserves, locking total supply at 21M forever via smart contract upgrade to prevent future minting.
The fixed supply (like BTC’s 21M cap) creates deflationary pressure while expanded utility in X Layer’s ecosystem could drive long-term demand.
Yes 
No 
