OKX Caps OKB Supply at 21M, Burns 65M & Shifts to X Layer
OKX has implemented a major tokenomics overhaul by burning 65.25 million OKB and capping OKB supply at 21 million. The change removes minting and manual burn functions, creating a deflationary model. OKT tokens will convert automatically to OKB at a 1:9.5 ratio based on July 13–August 12 average prices, as the OKTChain is phased out. OKX is transitioning to X Layer, a Polygon-based zkEVM Layer 2 with 5,000 TPS and near-zero gas fees, integrated across its exchange, wallet, and payment services. The announcement sent OKB price soaring over 200% within an hour, reflecting bullish sentiment. Traders should watch OKB supply dynamics and X Layer adoption, which could drive long-term demand despite short-term volatility.
Bullish
The OKB supply cap and 65M token burn signal a deflationary shift that drove a 200% price surge, indicating strong bullish momentum. Short-term traders reacted positively to the instant price rally, while long-term holders may benefit from sustained demand under a fixed supply model. The migration to X Layer—offering 5,000 TPS and near-zero gas fees—adds utility and could attract DeFi and RWA projects, further underpinning OKB’s value despite potential volatility and regulatory risks.