In a remarkable surge of growth, OKB, of the OKX exchange, experienced a remarkable ascent of over 19% on February 15, 2023, ascending to an unprecedented pinnacle of $52.31.
This phenomenal rally was catalyzed by the groundbreaking announcement made by Star Xu, founder of OKEx. Xu revealed that the launch of a revolutionary blockchain, christened OKBChain, is slated to take place in Q1 of 2023.
Following its latest surge in value, OKB has ascended to the ranks of the top 25 cryptocurrencies by market capitalization.
The OKBChain will be developed and operated solely by the OKX company. Additionally, it will function autonomously, dissociated from Okxchain, a collaborative proof-of-stake (POS) chain established by communities.
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In a tweet, the visionary Star Xu explained the discrepancy between the two chains:
Xu went on to emphasize that the two chains are entirely distinct entities.
Moreover, he expressed his elation at OKB’s all-time high and underscored the community’s unwavering faith in OKX.
OKEx demonstrated its dedication to the core principles of blockchain – openness and decentralization – by launching the OKXChain mainnet in December 2020.
The rollout was completed in four phases, with the final stage enabling the smart contract virtual machine and ensuring compatibility with all Ethereum-based projects.
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