OKX Upgrades its X Layer Chain, Burns 65 Million OKB Tokens

Crypto exchange OKX has announced a major upgrade to its X Layer blockchain and the permanent burning of 65 million OKB tokens. The move is designed to boost transaction speeds, enhance security, and signal increased investor confidence in the platform’s future. This strategic step comes as OKX seeks to solidify its position in the DeFi space. 65 million OKB have been permanently burned, which boosts their scarcity and is expected to drive price appreciation.