OKB in autumn 2026: an exchange token with a fixed supply
OKB is the token of the OKX exchange. In September 2026 it rose from around 112 to 121 US dollars, with a monthly high of 126.49 US dollars on 22 September. Since the large burn in August 2025, supply is fixed at 21 million OKB: OKX destroyed around 279 million tokens and removed the ability to create new ones.
From the record back to half
After the burn OKB shot to an all-time high of around 259 US dollars on 22 August 2025. Today it trades at about half of that. The question is whether OKX's business and its own X Layer network can carry the scarce token higher again.
The crypto market right now
Total value and sentiment of the market from our own charts. While the page is open, the values refresh at the pace of their source.
What is OKB?
OKB gives OKX customers fee discounts and access to promotions and is also used to pay fees on X Layer, an OKX network built on Ethereum. Unlike many exchange tokens, OKB no longer has an ongoing buyback programme but a fixed supply. In the EU, OKX has run promotions around OKB, such as the reward campaign we reported on OKX campaign for OKB buyers in the EEA.
OKB key figures
| Metric | Value |
|---|---|
| Current price | $121.22 |
| Market cap | $2,545,600,000 |
| Circulating supply | 21 million OKB |
| Maximum supply | 21 million OKB, fixed since August 2025 |
| All-time high | around $259 on 22 August 2025 (OKX) |
| 2025 burn | around 279 million OKB in August 2025 |
| Network | X Layer, layer 2 on Ethereum |
What actually moves the OKB price
With supply fixed, the price depends on demand: OKX trading volume, holder benefits and X Layer usage. Trust in the exchange itself matters too. Exchange tokens react sensitively to news about their operator's regulation and security.
Where this forecast could fail
OKB competes with other exchange tokens such as BNB and Cronos. If OKX loses market share or comes under pressure, the token is hit directly.
