Yeliz Akmaca 
Exchange tokens are leading the crypto market with remarkable momentum. Binance’s BNB and OKX’s OKB have captured strong investor attention. Both tokens climbed to historic levels by combining different strategies. This trend placed exchange coins back in the spotlight.
OKB Token Burn and X-Layer Upgrade
The strongest driver behind OKB’s rise is a massive token burn. OKX permanently removed 65 million OKB from circulation. The value of this burn reached $7.6 billion, reducing the total supply significantly. Circulating supply dropped back to 21 million, creating scarcity that attracted stronger investor demand.
Alongside this, OKX launched a major upgrade for its Ethereum-compatible X-Layer chain. The network now processes up to 5,000 transactions per second. Fees dropped near zero, while overall efficiency increased. This upgrade also provided developers with a faster and more secure environment. In short, OKB surged thanks to both supply reduction and infrastructure growth.
Meanwhile, prices jumped more than 120 percent in a single day. The token moved from $46 to around $190. This rally marked one of the most dramatic performances in exchange token history.
BNB Institutional Purchases and Expanding Ecosystem
On the BNB side, institutional demand has been the main catalyst. Nasdaq-listed Nano Labs purchased $90 million worth of BNB. The company aims to expand its allocation to $1 billion in total. In addition, Yzi Labs plans to establish a treasury company designed to hold BNB as a core reserve. These moves turn BNB into an institutional-grade asset.
Furthermore, Binance strengthens its tokenomics with regular burns that create deflationary pressure. The most recent burn removed $1 billion worth of BNB from circulation. As supply dropped, price support grew stronger. At the same time, the “Maxwell” upgrade went live on BNB Chain. Block times were cut in half, effectively doubling transaction speed.
In parallel, tokenized stocks are now available on Binance Chain. Users can trade equities across 185 markets in token form. This expansion positions BNB not only as an exchange token but also as a bridge to global finance. Finally, the token broke new records, climbing to $850.
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