The OKT token has grown by 80% in 24 hours

The OKT token has grown by 80% in 24 hours

user avatar

by Max Nevskyi

3 years ago

The OKX Chain ecosystem token showed an increase of 80% in just one day, while reaching a nine-month high of $27.

OKX Chain, a platform that supports the OKT token and is part of the ecosystem, operates at the first-generation blockchain level and is closely integrated with the OKX exchange.

The main factor contributing to the growth is related to the recent launch of Inscriptions NFT. Inscriptions is an in-house NFT ecosystem based on the OKX Chain, reminiscent of the NFT Ordinals typical of the Bitcoin network.

The launch of Inscriptions led to a significant increase in activity on the OKX Chain network, where the number of transactions increased by an impressive 18,000% over the past week, reaching a level of 7.2 million transactions by December 8.

It should not be forgotten that OKX Chain is compatible with EVM (Ethereum Virtual Machine), which also contributes to an increase in activity in other networks such as TON, Near and Polygon, thanks to the introduction of Inscriptions.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

CoreWeave's Strong Q3 Performance Boosts AI Sector Sentiment

CoreWeave's strong Q3 results have increased investor sentiment in the AI sector, reporting $366 million in revenue, a 168% year-over-year increase, and raised full-year guidance.

user avatarLuis Flores

Deutsche Bank Launches Crypto Custody Service for Institutions

Deutsche Bank has officially launched its crypto custody service for institutional and corporate clients in Europe.

user avatarArif Mukhtar

Yana Prikhodchenko Takes the Helm as CEO of Phase

Yana Prikhodchenko has been appointed as cofounder and CEO of Phase, a technology company focused on the AI agent economy.

user avatarDavid Robinson

Phase Unveils Layer 1 Blockchain Mainnet and AI Agent Services

Phase has launched its Layer 1 blockchain mainnet and AI agent services, enabling autonomous operations for AI agents.

user avatarMaria Gutierrez

Decrypt Revolutionizes News Consumption with Integrated Trading

Decrypt has integrated perpetual futures trading powered by Phoenix, allowing users to trade directly from the platform, enhancing the connection between news consumption and trading actions.

user avatarAndrew Smith

Arca Desktop App Now Open to Public for AI Session Monetization

The Arca desktop app has launched to the public, allowing users to monetize their AI session data.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.