OKB, the crypto of the OKX exchange, recorded a price pump of +170% one hour after the announcement of the tokenomics update. Now, there will be the burn of as many as 65 million tokens.
OKB and the crypto price pump of +170% one hour after the announcement
The 25th crypto by market cap, OKB, recorded a price pump of +170% just one hour after the announcement of the update by the crypto-exchange OKX.
According to the data from CoinGecko, OKB would have gone from $47 to $126, affirming the appreciation reaction by investors and the crypto community.
In fact, just on Wednesday, OKX shared the communication as follows:
Stiamo facendo un aggiornamento strategico a @XLayerOfficial, con l’obiettivo di costruire una catena pubblica leader focalizzata su DeFi, pagamenti e RWAs.
Aggiornamenti chiave:
1️⃣ Tecnologia di base – Aggiornamento PP
2️⃣ Strategia di sviluppo dell’ecosistema
3️⃣ Integrazione profonda con OKX Wallet, OKX Exchange & OKX Pay
4️⃣… pic.twitter.com/OU4EpKtuJz— OKX (@okx) 13 agosto 2025
“We are performing a strategic update at @XLayerOfficial, aiming to build a leading public chain focused on DeFi, payments, and RWA. Key updates: 1. Core technology – PP update 2. Ecosystem development strategy 3. Deep integration with OKX Wallet, OKX Exchange, and OKX Pay 4. Deactivation of OKTChain 5. Native gas token – Economic model update $OKB. Read the full announcement”
In practice, OKX reportedly announced that it will carry out a one-time burning of over 65 million OKB tokens, after which the total supply of OKB will be fixed at 21 million. Not only that, the crypto-exchange also stated that it is implementing a complete update of X Layer, its public blockchain based on zkEVM built with Polygon.
OKB: the price pump of the crypto and the PP upgrade
At the time of writing, the price of OKB seems to have settled around $105.
Going into more detail with the announcement from OKX that affected this super price pump of its crypto OKB, we can already say that this update has been named PP upgrade.
This PP upgrade provides that OKB remains the gas and the native token of X Layer, but the Ethereum L1 version will be gradually phased out.
In fact, the most recent integration of Polygon CDK technology increases the transmission speed to 5000 TPS and reduces gas fees almost to zero, while simultaneously improving compatibility with Ethereum for developers.
X Layer will be integrated on OKX Wallet, OKX Exchange, and OKX Pay, allowing gas-free withdrawals.
Users must also know that OKTChain will remain operational only until January 1, 2026, but that already from August 13 it will be impossible to trade OKT. In this regard, from that day there will be the automatic conversion of OKT to OKB on August 15, based on a predetermined average price.
The partnership with Circle
Last month, OKX made headlines for its strategic partnership with Circle, the issuer of the second largest stablecoin by market cap.
In practice, it seems that the two are in agreement to significantly expand the accessibility, use, and understanding of USD Coin (USDC).
Specifically, the main objective is to facilitate direct 1:1 conversions between USD and USDC, for over 60 million OKX users. A strategic integration that makes the transition between fiat currencies and crypto faster, more efficient, and secure.
Thanks to direct conversion, USDC can be adopted in trading operations as well as in international payments, in addition to advanced digital services.
Source: https://en.cryptonomist.ch/2025/08/14/okb-the-crypto-of-the-okx-exchange-soars-by-170-after-the-tokenomics-update/