OKX CEO Introduces 100M X Layer ecosystem Fund for Global Blockchain Projects

OKX CEO Star Xu launches a $100M X Layer Ecosystem Fund to support developers building next-gen on-chain apps, backed by OKB’s deflationary model.

OKX has launched a $100 million X Layer Ecosystem Fund to support developers working on on-chain applications. The announcement was made by OKX CEO Star Xu, who highlighted the fund’s focus on strengthening blockchain infrastructure and creating sustainable growth. 

The fund will provide resources to global developers aiming to build scalable, secure, and long-lasting blockchain solutions.

Purpose of the Fund

The X Layer Ecosystem Fund is designed to back developers who are building applications with real utility. According to Star Xu, the fund is not intended for short-term, speculative projects. Instead, it will focus on ventures that bring enduring value to the blockchain industry.

• Financial support for developers worldwide
• Focus on long-term infrastructure growth
• Emphasis on reliability and scalability
• Support for innovative on-chain applications

Star Xu described the initiative as part of OKX’s broader vision, stating that “crypto is a marathon, not a sprint.” This highlights the company’s emphasis on sustainability over quick gains.

Transition to OKB as Gas Token

A key part of this strategy is the transition to OKB as the sole gas token for X Layer. Previously, OKT served this role, but it has now been replaced. This move aligns with OKX’s deflationary tokenomics strategy.

• OKB is now the only gas token for X Layer
• Circulating supply has been reduced to 21 million
• Largest-ever burn of 65.26 million OKB completed
• Scarcity designed to enhance token value

The decision mirrors Bitcoin’s capped supply of 21 million, creating a psychological comparison between OKB and BTC. This fixed supply is expected to attract both developers and investors by reinforcing OKB’s utility and scarcity.

Developer Benefits

Beyond financial resources, the fund offers developers access to OKX’s growing ecosystem. This includes:

• Reliable blockchain infrastructure for scaling projects
• Opportunities for collaboration with other developers and investors
• Support from an established global exchange
• Long-term commitment to ecosystem growth

By leveraging OKX’s infrastructure and market reputation, developers can scale projects more efficiently and gain investor confidence.

Market Reactions and Token Performance

The market has reacted strongly to these changes. OKB has seen a 340% price increase in the past month, trading at $190.39. Its market capitalization has reached $4 billion, with a fixed supply of 21 million tokens.

• Price surge of 300% in 30 days
• Trading at $190.39
• Market cap at $4.42 billion
• Fixed supply of 21 million tokens

This performance outpaced other major tokens like LINK, MNT, and AERO during the same period. Analysts attribute the surge to the deflationary measures and the strong demand created by OKX’s strategic changes.

Comparisons to Industry Initiatives

Industry observers have compared the $100M X Layer Ecosystem Fund to previous efforts, such as Binance’s $1 billion fund. That initiative spurred significant blockchain growth, and OKX’s move could lead to similar momentum in developer activity.

While no major industry figures like CZ, Arthur Hayes, or Vitalik Buterin have commented publicly on this fund, market participants expect that the initiative could pave the way for new partnerships and long-term ecosystem development.

Impact of the Deflationary Tokenomics

OKX’s tokenomics strategy plays a crucial role in this development. The permanent removal of over 65 million OKB from circulation sets it apart from other buyback-and-burn models. For example:

• Tron (TRX): Has burned 7.1 billion TRX since launch, including 820 million in 2025, but lacks a capped supply.
• OKX (OKB): Fixed supply of 21 million after the largest-ever burn, introducing strong deflationary pressure.

Unlike routine burns without supply caps, OKX’s approach provides immediate scarcity, reinforcing investor confidence and increasing token value.

Conclusion

The $100 million X Layer Ecosystem Fund marks a strategic step for OKX. With OKB now serving as the sole gas token and a capped supply of 21 million, OKX has created a deflationary environment designed to support sustainable growth. The fund offers developers financial backing, infrastructure, and an ecosystem focused on real technology rather than short-term speculation.

This initiative establishes OKX as a long-term player in blockchain development, aligning with its vision of supporting builders who create lasting value in the on-chain economy.