OKX Burns 65M OKB, Upgrading X Layer for Scalability and DeFi Dominance

OKX has executed a significant token burn of 65 million OKB tokens, reducing the total supply to 21 million. This strategic move follows an upgrade to its X Layer chain, which enhances performance and scalability. The resulting surge in OKB’s price led to a remarkable 160% increase within just days. OKX is strategically positioning itself for further growth in decentralized finance (DeFi) while attracting developer interest.