OKB price rose by 150% in the last 24 hours to $ 115, fed by a historic token of $ 7.86 billion, switch the offer by more than 50%.
Summary
- OKB price rose by 150% as a one-off fire brigade offer by 52%, so that the circulation was attached to 21 m tokens.
- Uptrend also fed by X layer “pp -upgrade”, which increases the transit to 5,000 TPS and gas costs.
OKB (OKB), the native token of the OKX exchange, has risen by 150% in the last 24 hours to $ 115, with volume rising by a stunning 19007% at the time of the press.
The OKB price rally comes after a one-off burn transaction of 65,256,712 OKB (with a value of approximately $ 7.86 billion) was performed by OKX on 13 August, reducing the supply permanently by 52%. The circulating offer is now 21 million OKB and mirrors the scarcity model from Bitcoin. This burn not only caused artificial scarcity, but also reinforced the long -term deflational deployment of OKX, with previous burns and locked tokens that support the trend.
What else drives OKB price?
In addition to the burn, the rally is catalyzed by the recent ‘PP UpgradeTo OKX’s X Layer Blockchain, a public network based on ZKEVM that was launched in collaboration with Polygon in 2023. Completed on August 5, the upgrade integrates the latest Polygon CDK stack, which reduces the transit to 5,000 transactions per second, strengthen the costs of gas costs for negligible levels and increases compatibility with the Eathereum Minnet.
The upgrade comes with a targeted ecosystem strategy aimed at Defi, global payments and RWA applications. To accelerate the adoption, OKX has set up an ecosystem fund and liquidity stimuli for developers, in addition to infrastructure improvements to cross-chain bridges, oracles and compliance services.
OKX also has a deep integration of X -layer implemented with its core products:
- OKX portion Now fully supports the X layer, making interactions with low chains possible.
- OKX Exchange has 0-gas, recordings with one click introduced for USDT and other large assets via X-layer.
- OKX Pay Uses X layer as a standard public network and delivers faster, cheaper and safer payment arrangements.
It is important to note that OKX is throwing Octchain due to overlap with X layer. Oct. Trade stopped on 13 August, while deposits will continue until 1 January next year, with automatic conversion from OKT to OKB against the average final price during the previous month. Ethereum L1 -recordings from OKB have also stopped, with future recordings that are only supported via X -layer.
