OKT Token Surges by 80% in 24 Hours
Date: 2023-12-10 Author: Dima Zakharov Categories: IN WORLD
The OKT token, part of the OKX ecosystem, has experienced a remarkable 80% increase in its value over the course of just 24 hours. This surge has propelled the coin to reach a 9-month high, with its price hitting $27.
OKT, as a token within the OKX Chain ecosystem, operates as a first-tier blockchain network, closely associated with the OKX exchange.
The primary catalyst behind this significant growth has been the recent launch of Inscriptions NFT. Inscriptions NFT is an integral part of the OKX Chain ecosystem and bears similarities to the Ordinals NFTs minted on the Bitcoin network.
The introduction of Inscriptions NFT has led to a substantial increase in network activity within the OKX Chain. Over the past week, the number of transactions has surged by a staggering 18,000%, reaching a total of 7.2 million transactions by December 8th.
It's important to note that OKX Chain is an EVM-compatible network. As a result, the surge in transactions attributed to Inscriptions NFT has also had ripple effects in networks such as TON, Near, and Polygon.
This extraordinary growth in the OKT token demonstrates the profound impact that NFT ecosystems can have on blockchain networks, pushing them to new heights in a matter of days.
