OKX Launches PP Upgrade for X Layer, Revamps $OKB Model

OKX, the renowned crypto exchange, has announced exclusive PP Upgrade for X Layer, a public chain that it launched in partnership with Polygon L2 blockchain. The upgrade aims to improve technical performance, enhance user experience, and streamline OKX’s ecosystem. In this respect, as the official press release discloses, the upgrade includes the overhaul of the $OKB economic model. At the same time, the platform is also phasing out the existing OKTChain amid the latest transformation to enhance scalability and minimize costs.

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How OKX’s X Layer PP Upgrade Boosts $OKB and User Experience

With X Layer’s PP Upgrade, OKX intends to boost user experience via comprehensive integration with cutting-edge services. Particularly, the overhaul of the $OKB economic model is the key purpose of this upgrade. The upgrade denotes a crucial technical leap, adding Polygon CDK’s latest version into X Layer.

The initiative increases throughput to significant 5,000 transfers per second and decreases gas charges to near-zero while also improving security with advanced compatibility with Ethereum mainnet. This enhances the capability of X Layer to tackle high-concurrency utilities while also offering a developer-first environment. The advancement will top sectors such as RWA issuance, global payments, and broader DeFi ecosystem.

Apart from that, OKX has a strategy to offer several liquidity incentives along with establishing an ecosystem fund to attract projects and builders. Concurrently, it also plans to drive infrastructure improvements like upgraded cross-chain bridges, compliance, and oracle services. The respective measures attempt to expedite advanced app deployment on X Layer.

Why OKX’s X Layer Upgrade Makes Trading Cheaper and Easier

Additionally, according to OKX, the comprehensive integration with OKX Pay, OKX Exchange, and OKX Wallet is a crucial part of the strategy. Specifically, OKX Wallet will deliver a complete X Layer compatibility while enabling decreased gas fees. Simultaneously, the exchange will allow zero-gas withdrawals for key assets. Along with that, X Layer will work as OKX Pay’s default public chain to deliver cheaper, more secure, and faster settlements. Overall, the upgrade will reaffirm $OKB’s position as X Layer’s native token, while also fixing the cumulative supply at up to 21M precisely, and removing burning and minting functionalities.