The OKT token has grown by 80% in 24 hours

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Concerns of an AI Bubble Similar to 2008 Housing Crisis

Concerns about a potential AI bubble are being discussed, drawing comparisons to the 2008 housing crisis and the dot-com bubble.

Zainab Kamaraan hour ago

Rising Treasury Yields Impact Stock and Crypto Markets

The recent surge in US 30-year treasury yields is impacting stock and cryptocurrency markets, leading to increased borrowing costs and a preference for safer investments.

Jacob Williamsan hour ago

AI Companies Destroying Books for Training Data Raises Concerns

AI companies are acquiring and destroying physical books to create training datasets, raising concerns about copyright and the preservation of literary works.

Son Min-ho20 hours ago

Cryptocurrency Scams Account for Over Half of Cybercrime Losses

A report by the Consumer Federation of America reveals that cryptocurrency scams have led to significant financial losses, with estimates reaching 807 billion.