All of the engineered sheet woods like plywood, particle board, fiber board, or chip board have varying amounts of glue - resin between the layers or binding the wood particles together. These resins are "hard" and wear down cheap steel blades quickly. Carbide teeth are always recommended and work quite well. Then again, carbide blades work well for everything
Your current blade will work. As someone above pointed out, its also kinda messy. The particles in the particle board don't really "cut" like natural wood fibers. They kinda "grind" away and make a sandy dust.
So, don't forget some dust collection. Then again, you should always use some dust collection.