OKB Recent Developments Overview

Epic Deflation: OKX announced a one-time OKB burn to be executed on August 15, 2025, reducing the total supply from 246 million to 21 million, a reduction of approximately 75%, benchmarking the 21 million supply of BTC. The price of OKB has soared as a result, with a single-day increase of over 300%, currently priced at approximately $189, hitting an all-time high!

X Layer Ecosystem Upgrade: OKX is promoting the development of its Polygon-powered X Layer public chain, reducing Gas fees and integrating OKX Wallet and Pay features to achieve zero-fee withdrawals from CEX. X Layer is positioned as an EVM-compatible chain, intended to enhance cross-chain liquidity and DeFi application scenarios.

OKB Public Chain Transformation: OKB is not only a platform token but has also been upgraded to be the native token of the X Layer public chain, carrying more ecological value. The community speculates that this may be OKX paving the way for listing, enhancing its ecological competitiveness.

Market Performance: OKB has risen by 72.8% in the past 7 days, far exceeding the global crypto market average (-2.5%). 24-hour trading volume surged to $5.939 billion, showing high market enthusiasm.

Community Discussion: Bullish sentiment towards OKB is strong among users on X, with some believing that OKX is holding a "big move" that may impact the "billion-dollar club." However, some voices remind caution of correction risks after a short-term surge.

Summary: OKX has injected strong momentum into OKB through burning, ecosystem upgrades, and public chain deployment. Short-term performance is impressive, and long-term potential is worth paying attention to. What do you think of the future of OKB? Welcome to discuss in the Square!