OKX, a leading global cryptocurrency exchange, has announced a major upgrade to its X Layer network that could reshape the future of its native token, OKB. The platform plans to permanently burn over 65 million OKB tokens and lock the total supply forever.
Upgrade of OKX Network and Fixed Supply of OKB
According to the OKX announcement, X Layer will now evolve into a public blockchain designed for decentralized finance (DeFi), payments, and real-world asset (RWA) applications. The goal is to make it more useful for developers and users. Meanwhile, OKB will remain the sole native and gas token powering the network.
> OKX announced a strategic upgrade to X Layer and will permanently burn 65,256,712.097 OKB from historical buybacks and reserves. The OKB smart contract will be upgraded to remove minting and manual burns, fixing total supply at 21 million. OKTChain will be phased out, with OKT… > > — Wu Blockchain (@WuBlockchain) August 13, 2025
End of OKTChain and Its Impact on Users
Alongside the upgrade, OKX also announced that OKTChain will be phased out. Users holding OKT tokens will be able to swap them for OKB based on the average closing price between July 13 and August 12, 2025. According to OKX, retiring OKTChain will simplify the network and focus attention on the main OKB token.
OKB Token Price and Its Potential Value
Following OKX’s announcement, OKB briefly reached a new all-time high of $134 before settling around $110, reflecting a gain of 130%. Analysts say the rally reflects excitement around the fixed supply and the bigger role OKB will play in the upgraded ecosystem. By combining scarcity, utility, and a streamlined network, OKX’s latest move could put X Layer in a much stronger position for the years ahead.
The OKX network update and the burning of OKB tokens underline the platform's commitment to creating a sustainable ecosystem. The fixed supply is expected to enhance trust among investors and establish a solid foundation for long-term growth.
