According to official news from CoinWorld, OKX has decided to conduct a strategic upgrade of X Layer, transforming it into a leading public chain focused on DeFi, payments, and RWA scenarios. X Layer is built on the Polygon CDK and completed the 'PP upgrade' on August 5, 2025, enhancing network throughput to 5000 TPS, reducing Gas costs to nearly zero, and significantly improving security and compatibility with the Ethereum mainnet. The upgrade will also advance ecosystem development, focusing on DeFi, global payments, and RWA issuance and circulation, and will accelerate application implementation through ecosystem funds, liquidity incentives, and infrastructure improvements. OKX Wallet, OKX Exchange, and OKX Pay have fully integrated with X Layer, offering 0 Gas rapid withdrawal and efficient on-chain payment experiences. This upgrade is also accompanied by the optimization of the OKB Gas Token economic model, with OKB continuing to serve as the only Gas and native token for X Layer. OKX will destroy a total of 65,256,712.097 OKB from historical repurchases and reserves in one go, and after completion, will upgrade the OKB smart contract, removing the functions for increasing issuance and manual destruction, fixing the total issuance at 21 million tokens. Users holding the Ethereum L1 version of OKB need to recharge their assets to OKX and complete the chain swap through 'Withdraw to X Layer.' Meanwhile, OKTChain will be phased out, ceasing trading on OKX from August 13, 2025, at 14:10 (UTC+8), and will regularly exchange OKT for an equivalent amount of OKB at the average closing price from July 13, 2025, to August 12, 2025, with on-chain OKT exchanges supported until January 1, 2026.

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