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The OKT token has grown by 80% in 24 hours

The OKT token has grown by 80% in 24 hours

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by Max Nevskyi

2 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.

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