OKX Introduces $100 Million Fund for X Layer Ecosystem Development
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 24 2025
OKX's Ecosystem Fund Announcement: OKX has launched a $100 million X Layer Ecosystem Fund aimed at promoting global blockchain innovation and the development of on-chain applications.
Deflationary Strategy for OKB: The fund positions OKB as the sole gas token on the X Layer, emphasizing its deflationary strategy which could enhance its scarcity and utility in the market.
Long-term Vision Emphasized: CEO Star Xu highlighted that the initiative reflects a long-term vision for crypto, stating that "crypto is a marathon, not a sprint," indicating a commitment to sustainable ecosystem growth.
Market Impact and Reactions: Following the announcement, OKB experienced a significant price surge of 340%, while community reactions remain mixed with expectations of future strategic partnerships.
About the author
Preview
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
