OKExChain Price

OKExChain (OKT) is a Layer 1 blockchain cryptocurrency launched in January 2021. It serves as the native token of the OKExChain blockchain, which is built on the Cosmos SDK and supports cross-chain interoperability. Currently ranked #508, OKT is priced at $5.27 with a -2.36% change in the last 24 hours. OKT functions as both a utility and governance token within its ecosystem, enabling users to pay transaction fees, participate in network governance, and stake for network security. The token has a maximum supply cap of 21M OKT OKT, with 17.84M OKT currently in circulation. The OKExChain blockchain is compatible with multiple ecosystems including Cosmos, Algorand, Fantom, and Injective, making it versatile for developers building decentralized applications. As a Layer 1 solution, it offers high throughput, low transaction costs, and EVM compatibility for smart contract deployment.

OKExChain was created on January 17, 2021. It was launched as a native token for a blockchain platform that supports various ecosystems including Cosmos, Algorand, Fantom, and Injective. OKExChain functions as a Layer 1 blockchain solution with a maximum supply cap of 21 million tokens. Since its launch, it has developed into a multi-ecosystem compatible blockchain with various applications in the Web3 space.

OKExChain was founded by OKX, a major blockchain technology company. The cryptocurrency was launched on January 17, 2021, as the native token of the OKT Chain (formerly OKExChain), which is a high-performance blockchain designed to support decentralized applications and financial services. The development team behind OKExChain aimed to create an efficient Layer 1 blockchain solution that integrates with multiple ecosystems including Cosmos, Algorand, Fantom, and Injective. As of 2025-07-22, OKExChain has established itself as part of the broader Web3 infrastructure, focusing on interoperability and scalability for decentralized finance applications.

OKExChain operates as a native utility token for the OKExChain blockchain, a Layer 1 solution launched in 2021. The token functions through a Delegated Proof-of-Stake (DPoS) consensus mechanism, where validators secure the network and process transactions. OKT serves multiple purposes within its ecosystem: 1. Transaction fees: Used to pay for operations on the blockchain 2. Staking: Token holders can stake OKT to earn rewards and participate in network security 3. Governance: Enables voting rights on protocol upgrades and changes With a maximum supply of 21M OKT tokens and current price of $5.27, OKT supports cross-chain interoperability through its compatibility with Cosmos, Algorand, Fantom, and Injective ecosystems. The token's value is derived from network usage, validator participation, and overall ecosystem growth. Currently ranked 508 with a 24-hour trading volume of $80.32K, OKT continues to develop its infrastructure for DeFi applications, smart contracts, and cross-chain asset transfers.

OKExChain is built on a multi-layer technical architecture designed for high performance and scalability. At its core, it uses a modified Tendermint consensus mechanism with Delegated Proof of Stake (DPoS), allowing for fast transaction processing and finality. The blockchain architecture includes: 1. Base Layer: Implements the consensus protocol and basic blockchain functionality 2. Smart Contract Layer: Supports EVM compatibility for Ethereum-based applications 3. Cross-Chain Protocol: Enables interoperability with other blockchains in the Cosmos ecosystem OKExChain achieves approximately 3,000 transactions per second with 3-second block times. The architecture incorporates IBC (Inter-Blockchain Communication) protocol for seamless asset transfers between compatible chains. The network is secured by validators who stake OKT tokens to participate in block production and validation. The technical design prioritizes developer-friendly features with support for multiple programming languages and compatibility with existing blockchain infrastructure, making it suitable for DeFi applications, NFT platforms, and enterprise solutions.

OKExChain has a promising future as a Layer 1 blockchain solution within multiple ecosystems including Cosmos, Algorand, Fantom, and Injective. The roadmap focuses on enhancing scalability, interoperability, and developer experience. Key upcoming developments include: • 2025: Expansion of cross-chain capabilities and DeFi infrastructure • 2026: Implementation of advanced sharding technology to increase throughput • 2027: Launch of enterprise-focused solutions and improved governance mechanisms The team is actively working on increasing adoption through developer grants and ecosystem partnerships. With a maximum supply of 21M OKT tokens, OKExChain aims to become a more prominent player in the Web3 space by focusing on security, scalability, and user experience. The project's technical roadmap includes protocol upgrades to improve transaction speeds and reduce fees, making it more competitive among Layer 1 solutions. Community governance will also play an increasing role in determining future development priorities.