BlockBeats news, on August 13, according to market data, OKB started to rise and accelerated continuously at 14:15 Beijing time today, eventually peaking at $99.27 at 14:40 before retracing, with a 112% increase in just 25 minutes.
In terms of news, OKX announced that it has decided to conduct a strategic upgrade of X Layer, transforming it into a leading public chain focused on DeFi, payments, and RWA scenarios. Network throughput has been increased to 5000 TPS, gas costs have been reduced to nearly zero, and security and compatibility with the Ethereum mainnet have been significantly enhanced. OKB continues to serve as the sole gas and native token of X Layer, and a total of 65.25 million OKB from historical buybacks and reserves will be burned in one go, fixing the total issuance at 21 million.
Update: After the news was released, OKB continued to push higher, reaching a maximum of $134, with the one-hour increase expanding to 186%.
