X Layer witnessed a significant surge in transaction volumes over a 24-hour period, driven by the OKB supply burn and the zkEVM network upgrade.
On-chain Transaction Volume Increase
X Layer's transaction volume reached $42.87 million in the last 24 hours, reflecting a 253% increase, driven by the recent OKB supply burn and the zkEVM network upgrade.
Market Response and Community Engagement
The market responded with increased trading activity and community engagement, with analyst commentary highlighting changes in on-chain participation related to the OKB initiative.
Impact on X Layer's Future
Analysts assert that the $7.6 billion supply burn has significantly influenced stakeholder interest in X Layer's future capabilities, reinforcing confidence in decentralization and investment growth trends.
Thus, the combination of OKB's burn and its use as gas on X Layer is driving active participation on the blockchain and changes in demand for transaction fees.
