OKB (OKB): D-Score 24/100 — Centralized Leaning BlockIndex D-Score: 24/100 (Centralized Leaning). OKB (OKB) is a Layer 2 cryptocurrency using PoS consensus. OKB: Exchange-native utility token and native gas for OKX X Layer with a fixed 21M supply and broad CEX distribution. Source: https://blockindex.ai/coin/okb · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 24: Node distribution: 0: Initial distribution: 0: Governance: 11: Age and history: 13: Autonomy: 0: Key facts - Layer: Layer 2 - Consensus: PoS (N/A) - Launch: Other (2018) - Founder: Mingxing "Star" Xu; Jay Hao - VC funded: Yes - Max supply: 21,000,000 - Circulating: 21,000,000 (100.0%) Market data (as of 2026-06-19) - Price: $72.62 - Market cap: $1.53B - 24h volume: $15.69M - 24h change: -0.41% · 7d change: +0.80% About OKB is an exchange-origin utility token that has evolved into a hybrid asset bridging centralized exchange utility with native Layer‑2 gas roles. Originally launched as an ERC‑20 token in March 2018 and issued by OK Blockchain Foundation / OKEx (now OKX), OKB was used primarily for trading fee discounts, participation in exchange launchpad programs (Jumpstart) and other exchange-centric reward mechanisms. Over time the token’s remit expanded: buy‑back and burn programs, exchange-managed allocations, and platform governance primitives gave OKB both a financial and functional role inside OKX’s product ecosystem. By 2024–2025 a coordinated program of repurchases, burns and a contract upgrade materially altered OKB’s economics, culminating in August 2025 when a large set of burns and a smart contract upgrade fixed total supply at 21,000,000 OKB and removed ongoing mint/burn capabilities. That same era saw OKB designated as the exclusive gas/native token on OKX’s X Layer (a zkEVM/EVM‑compatible Layer‑2), shifting its value proposition from pure CEX utility toward on‑chain gas demand in addition to exchange utility. From a technical perspective OKB is multi‑context rather than a stand‑alone blockchain. The token has historically circulated as an ERC‑20 on Ethereum, was supported on OKExChain, and was migrated to X Layer (OKX’s zkEVM) as part of the 2025 migration program. The X Layer migration included infrastructure changes (migration from Polygon CDK to the OP Stack announced in Dec 2025) and a protocol/contract upgrade that hardened token economics by eliminating mint/burn functions after the supply‑fixing burns. OKB itself does not implement a mining algorithm (it is a token), and the underlying X Layer operates as an EVM‑compatible rollup with PoS-style validator/consensus semantics in the available coverage. The project’s developer ecosystem is focused on X Layer tooling and integration with OKX products rather than an independently governed protocol codebase; the OP Stack is open source but OKB-specific contract/license details were not supplied in the provided files. OKB’s principal use cases span exchange utility, product integrations and native Layer‑2 gas. On the exchange side OKB is embedded in OKX’s product stack (spot, margin, lending, staking programs, Jumpstart allocations and listing votes). On the on‑chain side OKB functions as the gas token for X Layer, creating native demand from transactions and smart contract activity on that Layer‑2. The token is also used in incentive programs (ecosystem fund commitments) and as a component of product economics within OKX (fee discounts, staking/rewards). The combination of exchange liquidity, broad CEX listings and the newly emphasized Layer‑2 gas role underpins the project’s value proposition: deep, exchange-driven distribution plus on‑chain utility for X Layer applications. Tokenomics and monetary policy for OKB changed materially in 2025. Historically allocation tables documented significant pre‑allocations to founders and investors (extracted allocation breakdowns indicated a large pre‑issued share historically), and OKX operated recurring buy‑back & burn programs (funded from exchange commissions) from around 2019 onward. In August 2025 OKX executed substantial one‑time burns and a contract upgrade that fixed total supply at 21,000,000 OKB; post‑upgrade snapshots in the supplied files report circulating supply = 21,000,000 (100% of fixed supply). Price and market‑cap responses to those burns were dramatic in the dataset: rapid price appreciation and new all‑time highs were recorded in mid‑August 2025. Market snapshot ranges included prices around USD ~106–107 with market capitalization > $2B in late 2025. Governance and organizational control remain hybrid. Token‑holder primitives exist within OKX for certain platform decisions (listing votes, Jumpstart allocation participation), but major protocol and tokenomic actions (large burns, contract upgrades, migration plans) are coordinated by OK Blockchain Foundation and OKX. The project is associated with a corporate entity (OK Blockchain Foundation / OKEx / OKX) and executive leadership is documented (Jay Hao as CEO; Mingxing “Star” Xu as founder figure). There is no on‑chain DAO governing protocol‑level decisions in the supplied files; governance is therefore best described as off‑chain/exchange‑coordinated with limited token‑holder participation for platform mechanics. Links - Website: https://www.okx.com/ - Whitepaper: N/A - GitHub: N/A --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore