{"id":7691,"date":"2025-08-13T16:00:44","date_gmt":"2025-08-13T16:00:44","guid":{"rendered":"https:\/\/bitunikey.com\/news\/okb-price-surges-150-as-okx-confirms-token-burn-and-supply-cap\/"},"modified":"2025-08-13T16:00:54","modified_gmt":"2025-08-13T16:00:54","slug":"okb-price-surges-150-as-okx-confirms-token-burn-and-supply-cap","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/okb-price-surges-150-as-okx-confirms-token-burn-and-supply-cap\/","title":{"rendered":"OKB price surges 150% as OKX confirms token burn and supply cap"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p>OKB price surged 150% in the past 24 hours to $115, fueled by a historic $7.86 billion token burn, slashing supply by over 50%.<\/p>\n<div id=\"cn-block-summary-block_d20fe80922c5508760048bd97b924cd0\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>OKB price jumped 150% as a one-time burn cut supply by 52%, fixing circulation at 21M tokens.<\/li>\n<li>Uptrend also fueled by X Layer \u201cPP Upgrade,\u201d boosting throughput to 5,000 TPS and slashing gas fees.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>OKB (OKB), the native token of the OKX exchange, is up 150% in the past 24 hours to $115, with volume surging by a staggering 19007% at press time. <\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/skYOuuO6\/?symbol=OKX%3AOKBUSDT\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p>The OKB price rally comes after a one-time burn transaction of 65,256,712 OKB (valued at approximately $7.86 billion) was executed on August 13 by OKX, permanently reducing the supply by 52%. The circulating supply now stands at 21 million OKB, mirroring Bitcoin\u2019s scarcity model. This burn not only created artificial scarcity but also reinforced OKX\u2019s long-term deflationary commitment, with previous burns and locked tokens supporting the trend. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">What else is driving OKB price?<\/h2>\n<p>In addition to the burn, the rally is catalyzed by the recent \u201c<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.okx.com\/en-ae\/help\/announcement-on-the-pp-upgrade-of-x-layer-and-optimisation-of-the-okb-gas?channelid=ACEAP6502255\" target=\"_blank\">PP Upgrade<\/a>\u201d to OKX\u2019s X Layer blockchain, a zkEVM-based public network launched in collaboration with Polygon in 2023. Completed on August 5, the upgrade integrates the latest Polygon CDK stack, boosting throughput to 5,000 transactions per second, slashing gas costs to negligible levels, and enhancing compatibility with the Ethereum mainnet.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are making a strategic upgrade to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/XLayerOfficial?ref_src=twsrc%5Etfw\" target=\"_blank\">@XLayerOfficial<\/a>, aiming to build a leading public chain focused on DeFi, payments, and RWAs. <\/p>\n<p>Key updates:<br \/>1\ufe0f\u20e3 Underlying tech \u2013 PP upgrade<br \/>2\ufe0f\u20e3 Ecosystem development strategy<br \/>3\ufe0f\u20e3 Deep integration with OKX Wallet, OKX Exchange &amp; OKX Pay<br \/>4\ufe0f\u20e3\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/OU4EpKtuJz\" target=\"_blank\">pic.twitter.com\/OU4EpKtuJz<\/a><\/p>\n<p>\u2014 OKX (@okx) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/okx\/status\/1955522864993665071?ref_src=twsrc%5Etfw\" target=\"_blank\">August 13, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The upgrade comes with a targeted ecosystem strategy focused on DeFi, global payments, and RWA applications. To accelerate adoption, OKX has established an ecosystem fund and liquidity incentives for developers, alongside infrastructure improvements to cross-chain bridges, oracles, and compliance services.<\/p>\n<p>OKX has also implemented deep integration of X Layer with its core products:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>OKX Wallet<\/strong> now fully supports X Layer, enabling low-fee on-chain interactions.<\/li>\n<li><strong>OKX Exchange<\/strong> has introduced 0-gas, one-click withdrawals for USDT and other major assets via X Layer.<\/li>\n<li><strong>OKX Pay<\/strong> will use X Layer as its default public network, delivering faster, cheaper, and more secure payment settlements.<\/li>\n<\/ul>\n<p>It\u2019s important to note that OKX is phasing out OKTChain due to overlap with X Layer. OKT trading ceased on August 13, while deposits will continue until January 1 next year, with automatic conversion of OKT to OKB at the average closing price over the preceding month. Ethereum L1 withdrawals of OKB have also been stopped, with future withdrawals supported only via X Layer.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OKB price surged 150% in the past 24 hours to $115, fueled by a historic $7.86 billion token burn, slashing supply by over 50%. Summary OKB price jumped 150% as&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=7691"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7691\/revisions"}],"predecessor-version":[{"id":7692,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7691\/revisions\/7692"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3092"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}