Deep Dive
1. X Layer PP Upgrade (5 August 2025)
Overview: OKX upgraded its X Layer network using Polygon CDK (formerly zkEVM), boosting transaction speed to 5,000 TPS and slashing gas fees to near-zero.
The upgrade enhances Ethereum compatibility, making it easier for developers to deploy DeFi, payment, and real-world asset (RWA) applications. Security improvements align X Layer closer to Ethereum’s standards.
What this means: This is bullish for OKB because faster, cheaper transactions attract more users and developers, boosting X Layer’s adoption. (Source)
2. OKB Supply Fix (15 August 2025)
Overview: OKX burned 65,256,712.097 OKB tokens from historical reserves, permanently fixing supply at 21 million.
The smart contract was upgraded on 18 August 2025 to remove minting/burning functions, ensuring no new tokens can be created.
What this means: This is bullish for OKB because scarcity mirrors Bitcoin’s model, potentially increasing demand amid reduced supply. (Source)
3. OKTChain Decommission (13 August 2025)
Overview: OKX sunset OKTChain due to overlap with X Layer, converting OKT tokens to OKB at a fixed rate.
OKT trading halted on 13 August, with automatic conversions starting 15 August. OKTChain will fully shut down by 1 January 2026.
What this means: This is neutral for OKB because it consolidates resources into X Layer but requires existing OKT users to migrate. (Source)
Conclusion
OKB’s codebase overhaul emphasizes scalability, deflationary tokenomics, and ecosystem consolidation. With X Layer’s upgrades and a fixed supply, OKB aims to strengthen its utility and market position. How will developer adoption on X Layer shape OKB’s role in DeFi and payments?