OKB Burning History: In 2020, 70% of non-circulating tokens were burned, totaling 213 million tokens burned in 28 times over 6 years.

By: theblockbeats.news|2025/08/13 16:31:58

BlockBeats News, August 13, as recorded and organized by BlockBeats:

In 2018, the total supply of OKB publicly disclosed at the time of issuance was 1 billion, with an initial issuance of 300 million.

On February 10, 2020, OKX (then OKEx) announced the launch of the OKChain testnet and burned 700 million non-circulating OKB. At the launch of the OKChain testnet, 13,978,364 OKB had been burned, and the circulating supply was 286,021,636 OKB.

OKB rose by 36.5% on the day, reaching a high of $7.4 within 6 days, with a total increase of about 90%.

Since May 4, 2019, OKB has been burned a total of 28 times, with a cumulative burn of 213,743,286 OKB.

Prior to this, BlockBeats reported that OKEx announced today that it will burn a total of 65.25 million OKB from historical buybacks and reserves in one go on August 15, fixing the total supply at 21 million OKB.

Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Young people in South Korea make a "final effort" in the epic bull market

The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.

The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts

SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.

How much longer can Ethereum's last big buyer hold on?

According to Bitmine's current buying pace, the 5% target is expected to be reached next month, and at that time, there may be no further increases in holdings. So, who will fill the buying gap for Ethereum?

The other side of Musk's trillion-dollar fortune: 85% cannot be sold

SpaceX's IPO is a math problem, and the answer is not on the pricing day, but in the first quarter after the lock-up period ends.

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market

The tokenization of financial assets is moving from pilot projects to large-scale implementation, but this is a gradual evolution rather than a fierce revolution.

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus

Overview of Important Market Events on June 11

a16z Crypto Partner: Cash flow is the moat

Most companies spend years creating network effects on traditional infrastructure. Crypto founders inherit them as starting conditions.

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money

There is more and more to do.