OKX Burns $7.29 Billion in OKB, Unveils X Layer Upgrade

In a major move aimed at bolstering its platform and driving long-term value, OKX has implemented a groundbreaking burn of $7.29 billion in OKB tokens. This action accompanies the launch of the next-generation X Layer blockchain upgrade, delivering significantly faster, cheaper transactions. The company’s decision to permanently lock the circulating supply at 21 million OKB is expected to enhance market confidence and attract more traders.