OKB | Trading Non Stop

What is OKB?

OKB is the native utility token of the OKX cryptocurrency exchange. It’s designed to provide benefits within the OKX platform, make transactions easier, and support decentralized applications.

Exchange Utility – Offers fee discounts, voting rights, and access to special services on OKX.
Fixed Supply Model – Total supply capped at 21 million tokens after a major token burn in August 2025.
Ecosystem Integration – Used as the gas token for X Layer, OKX’s fast blockchain for decentralized finance (DeFi) and payments.

Deep Dive

1. Core Utility within OKX Ecosystem

OKB is central to how OKX operates. Token holders can get up to 40% off trading fees, vote on platform decisions, and access new token launches early through OKX Jumpstart. OKB can also be staked to earn rewards via OKX Earn and is accepted on other platforms for services like lending, payments, and wallet storage (OKX).

2. Deflationary Tokenomics

OKB started with 300 million tokens but underwent a one-time burn of 65.25 million tokens in August 2025, permanently fixing the total supply at 21 million. This approach is similar to Bitcoin’s limited supply, aiming to increase the token’s value over time. The burn was funded by previous buybacks and treasury reserves, and smart contracts were updated to prevent any new tokens from being created (Announcement).

3. X Layer Blockchain Integration

OKB is the native gas token for X Layer, OKX’s blockchain built using zkEVM technology from Polygon. X Layer can handle up to 5,000 transactions per second with almost no fees. It’s designed for DeFi, payments, and tokenizing real-world assets. X Layer works closely with OKX Wallet, Exchange, and Pay, allowing smooth cross-chain transactions and serving as the default network for OKX Pay settlements.

Conclusion

OKB is a versatile utility token that supports OKX’s exchange services, deflationary supply model, and blockchain technology. With its fixed supply and key role in the X Layer blockchain, OKB is an important part of OKX’s plan for decentralized finance. How might OKB’s utility evolve as X Layer adoption grows?