OKX has carried out a wide upgrade to its X -layer network and the economic model of its OKB token, so that changes are implemented that reform the infrastructure and delivery mechanics.
The update, made public On August 13, a one-off burn of 65,256,712,097 OKB, which turns the total offer to 21 million, and the completion of the “PP-upgrade” that integrates the latest Polygon Chain Development Kit to improve performance.
The recent upgrade, completed on 5 August, increases the transit to 5,000 transactions per second and lowers the gas costs to almost zero, while more closely matches the maintje of Ethereum. These technical changes are designed to support high -competitive scenarios and to improve the developer experience.
OKX focuses on Defi, worldwide payments and real issue of assets such as primary usage scenarios, supported by an ecosystem fund, liquidity stimuli and new infrastructure for cross-chain bruggen, oracles and compliance services.
The economic model changes aimed at consolidating the role of OKB as the only gas and the native token on X layer. From the date of the announcement, OKB recordings to Ethereum Layer 1 have been stopped via the OKX fair, with holders encouraged to migrate to X-Layer using a SWAP function with one click.
The one-off burn removed tokens of historic return and treasury reserves, and OKX has committed a smart contract to use all future transfers automatically to a designated Blackhole address. After this combustion, the OKB Smart contract is upgraded to remove mint and burning functions.
The update also initiates the gradual dismantling of Oktchain. The trade in OKT was stopped on the OKX Exchange on 13 August and from 15 August the OKT Stock Exchange will automatically convert into OKB based on an average final race that is calculated from 13 July to 12 August. Oktchain remains operational until January 1, 2026, in which holders of uncleses can continue to deposit for conversion for conversion.
The market reaction to the announcement was immediately. At the time of the press, the price of OKB rose by more than 140%, rose from around $ 47 to more than $ 140 before it stabilizes around $ 110.
The movement reflects the focus of the market on the reduced circulating range of token and the performance improvements to X layer. The supply caps places the OKB tokenomics in a category with fixed delivery comparable to assets such as Bitcoin, which can change the perception of investors of scarcity.
The upgrade also consolidates the OKX ecosystem in its core products. OKX Wallet now fully supports the X-layer with low-fee transactions, the exchange offers gasless recordings and transfers from important assets such as USDT, and OKX Pay takes X Layer as a standard public network to facilitate faster and lower cost settlements. These integrations are intended to streamline user interaction with the network and to concentrate activity in a single layer 2 environment instead of over multiple chains.
Although the technical and tokenomic changes have been expanded, the rollout is organized with specific implementation data. 15 August marks the beginning of Oct-to-EKB conversions and the implementation of the burn, followed by the Smart Contract Upgrade of August 18.
The last closure of Oktchain at the beginning of 2026 will complete the consolidation process, so that X Layer is left as the only public network within the blockchain architecture of OKX.