OKX's tokenomics overhaul drives a 170% surge in OKB as it rolls out a zkEVM-based upgrade to X Layer, fixing supply at 21 million and retiring OKTChain.
OKX officially announced a comprehensive upgrade to its zkEVM-based public blockchain, X Layer, built with Polygon CDK. The upgrade features a one-time burn of over 65 million OKB tokens to fix the total supply at 21 million, and it boosts network throughput to 5,000 TPS with near-zero gas fees. According to CoinGecko, OKB surged from approximately $47 to $126, marking a 170% increase within an hour of the announcement. The update also includes phasing out the Ethereum L1 version and retiring OKTChain, with OKT trading ceasing on August 13, 2025.