X Layer completes PP upgrade and launches OKB Gas Token economic model optimization

ChainCatcher news, according to official sources, OKX has decided to carry out a strategic upgrade of X Layer, transforming it into a leading public chain focused on DeFi, payments, and RWA scenarios. X Layer is built on the Polygon CDK and completed the "PP upgrade" on August 5, 2025, increasing network throughput to 5000 TPS, reducing Gas costs to nearly zero, and significantly enhancing security and compatibility with the Ethereum mainnet. The upgrade will also promote ecological construction, focusing on DeFi, global payments, and RWA issuance and circulation, and will accelerate application implementation through ecological funds, liquidity incentives, and infrastructure improvements. OKX Wallet, OKX Exchange, and OKX Pay have fully integrated with X Layer, providing 0 Gas rapid withdrawal and efficient on-chain payment experiences.

This upgrade is also accompanied by the optimization of the OKB Gas Token economic model, with OKB continuing to serve as the sole Gas and native token of X Layer. OKX will permanently destroy 65,256,712.097 OKB from historical repurchases and reserves, and after completion, will upgrade the OKB smart contract to remove the functions of minting and manual burning, fixing the total issuance at 21 million. Users holding the Ethereum L1 version of OKB need to recharge their assets to OKX and complete the chain swap by "withdrawing to X Layer." Meanwhile, OKTChain will be phased out, with trading on OKX ceasing from August 13, 2025, 14:10 (UTC+8), and OKT will be periodically exchanged for an equivalent amount of OKB at the average closing price from July 13, 2025, to August 12, 2025. On-chain OKT exchanges will be supported until January 1, 2026.