OKX Completes X Layer Upgrade with 65.25 Million OKB Token Burn
Cryptocurrency exchange OKX has upgraded its X Layer to a DeFi-optimized public blockchain, enhancing its infrastructure for decentralized finance and payment applications. Key points include:
- The upgrade was completed on August 5, 2025.
- OKB will be the sole gas token following the swap from OKTChain.
- A one-time burn of over 65 million historically repurchased OKB tokens will occur.
- The total supply of OKB is fixed at 21 million tokens with a deflationary model.
- The upgraded X Layer supports up to 5000 Transactions Per Second (TPS).
- Improvements in transaction costs, throughput, and security features have been implemented.
- Support for Real World Asset (RWA) tokenization has been added.
- The OKB price increased by approximately 155.79% in the last 24 hours and 152.83% over the past week, currently trading at $117.86.
- 24-hour trading volume reached $671.74 million.
Additionally, OKX partnered with PayPal to enhance payment capabilities for users in the European Economic Area, allowing account funding and asset purchases using PayPal balances, linked bank accounts, or cards. This integration aims to simplify access for new users.