BlockBeats news, on August 13, according to official news, 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 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 is simultaneously promoting ecological construction, focusing on DeFi, global payments, and RWA issuance and circulation, and accelerating application deployment through ecological funds, liquidity incentives, and infrastructure improvement. OKX Wallet, OKX Exchange, and OKX Pay have fully integrated with X Layer, providing 0 Gas fast withdrawal and efficient on-chain payment experience.
This upgrade is also accompanied by the optimization of the OKB Gas Token economic model, with OKB continuing to serve as the sole Gas and native token of X Layer. OKX will permanently destroy 65,256,712.097 OKB from historical repurchases and reserves in one go. After this, it will upgrade the OKB smart contract, removing the minting and manual destruction functions, fixing the total issuance at 21 million units. Users holding the Ethereum L1 version of OKB will need to recharge their assets to OKX and complete the chain swap by 'withdrawing to X Layer'. At the same time, OKTChain will be phased out, with trading on OKX ceasing on August 13, 2025, at 14:10 (UTC+8), and OKT will be regularly exchanged for an equivalent amount of OKB based on the average closing price from July 13 to August 12, 2025. On-chain OKT redemption will be supported until January 1, 2026.
