Invisible Infrastructure Issue 05丨Dialogue with OKX Web3: Three Core Advantages of Plugin Wallet

A question: As a Web3 user, do you often use a plug-in wallet or a mobile wallet?

More and more similarities are being found between the Internet and the encryption industry.

As if replicating the process of the Internet from PC to mobile, since the rise of blockchain and decentralized technology, the main interaction method in the early days of the encryption industry also started from the browser plug-in wallet on the PC, and gradually began to merge with the development of mobile wallets. In the early days of the industry, the emergence of plug-in wallets broke the technical barriers for users to interact with the blockchain, allowing ordinary users to use blockchain applications without writing code, and quickly became an important tool for users to enter the decentralized world.

The early representative of plug-in wallets was MetaMask, launched in 2016, which became the first plug-in wallet that allows users to directly connect to the Ethereum blockchain through a browser. In addition, with the development of Web3 applications such as DeFi, NFT, and GameFi, users' demand for plug-in wallets continues to evolve. In 2021, with the launch of a new generation of Web3 wallets represented by the OKX Web3 plug-in wallet, the functions of plug-in wallets have expanded from simple asset storage and transfer to support multi-chain, cross-chain, DApp connection, NFT management, and integrated DeFi services, etc., and have quickly accumulated a large number of users with its user-friendly operation experience.

As a unified Web3 wallet for App, plug-in, and web page, Invisible Infrastructure 05 will focus on the OKX Web3 plug-in. Through dialogue, we will deeply explore the OKX Web3 plug-in wallet team's thinking and design on the product, and hope to help users better meet their needs. Web3 plug-in wallet.  

Briefly share a few highlights

OKX Web3:Yes, the OKX Web3 plug-in wallet has many practical functions, we can simply list a few:

First, batch tools

We have designed a comprehensive set of batch operation tools, covering the entire process management from account import, creation, renaming, transfer to export, aiming to provide users with efficient and convenient account management solutions. It is especially suitable for users who need to manage a large number of accounts and perform cross-chain operations, helping them achieve more efficient asset management and operations.

For example, users can create up to 500 accounts in batches through a simple one-click operation, and flexibly choose one-to-many, many-to-one, or many-to-many transfer modes, which greatly meets the needs of large-scale account management and transactions and improves operational efficiency. Currently, the batch transfer function supports multiple mainstream public chains, including EVM chain, Solana, SUI, Aptos and TON, allowing users to transfer more conveniently in a multi-chain environment.

For another example, the OKX Web3 plug-in wallet also provides Bitcoin users with a more efficient and convenient Fractal Bitcoin engraving tool and Runes splitting and merging tool to enhance users' trading experience of Bitcoin ecological inscription assets.

Second, multi-chain DeFi dashboard 

OKX Web3 plug-in wallet has taken the lead in supporting multi-chain DeFi dashboard display, allowing users to manage DeFi activities and assets on different chains in one interface, helping users track their trading portfolios in real time and manage them flexibly.

Third, the function for professional users "RPC mode"

Professional users usually need to improve network performance by customizing nodes, and the OKX Web3 plug-in wallet supports adding multiple RPCs on the same network, thereby realizing intelligent switching and load sharing of nodes, ensuring smooth operation in the event of network congestion or node failure, which not only greatly improves the flexibility of users, but also allows them to optimize the speed and stability of on-chain interactions according to specific needs. The addition of this function provides more customized options for professional users who have high requirements for on-chain performance, allowing them to enjoy a more optimized on-chain experience in different scenarios.

In summary, the core design of these functions is to improve user efficiency and experience, especially for those who manage assets on multiple chains at the same time. Batch operation tools significantly reduce repetitive work, whether it is account management or multi-chain transfers, it can save users time. The multi-chain DeFi dashboard solves the problem of users switching assets on different chains, and the unified interface allows them to control the status of their assets at a glance. The RPC mode optimizes the network's response speed for professional users and improves the overall experience, especially when high-frequency transactions or complex smart contracts are required. This function is extremely important.

Web3Three core features of the plug-in wallet

OKX Web3:The three core features of the Web3 plug-in wallet can be summarized as "fast", "complete", and "deep", which make the OKX Web3 plug-in wallet stand out in the fiercely competitive market:

First, fast: Our wallet can quickly access hot protocols, relying on efficient review processes and powerful underlying technologies to ensure that users can experience the latest Web3 applications and hot projects at the first time. The wallet also uses a lightweight design to ensure fast and smooth operation, allowing users to have a better experience when discovering hot spots.

Second, full: At the tool level, the OKX Web3 plug-in wallet provides a one-stop service that integrates multiple functions required by Web3. Users can complete complex on-chain operations without the help of additional gadgets, from asset management to protocol interaction, fully meeting user needs and achieving a seamless combination of plug-ins and Web3 functions.

Third, deep: Our wallet is not only a tool, but also an interactive entrance for on-chain operations. For example, it is the first to support innovative functions such as Blinks, allowing users to participate in the Web3 ecosystem more deeply and conveniently, further improving the user experience. This not only allows the OKX Web3 plug-in wallet to respond quickly to market demand, but also provides comprehensive tool support and in-depth user experience.

What are your latest progress and dynamics?

OKX Web3: While continuing to meet the needs of professional users, the plug-in wallet is also constantly adding more user-friendly functions to ensure that users at different levels can get a better user experience.

In terms of professional user functions, the plug-in wallet has launched the "Sidebar mode", which significantly improves the interaction speed and richness of information display for professional users. In addition, relying on the underlying technology of the OKX Web3 wallet, we provide DeFi users with a multi-chain DeFi dashboard, which not only supports EVM chains, but also covers heterogeneous chains such as Solana, SEI, Aptos, SUI, etc., to help users efficiently manage encrypted assets.

At the same time, we attach great importance to the experience of novice users. The OKX Web3 plug-in wallet will launch a "safe mode" to provide novice users with whitelist transfer functions and DApp interaction mechanisms to avoid the risk of misoperation and private key leakage. In addition, we have comprehensively optimized the Onboarding process, added a personalized DApp recommendation function, and provided more easy-to-understand tutorials to help novice users get started quickly and easily enter the Web3 world.

As a unified Web3 wallet on three ends, are there any differences in serving users?

OKX Web3：Different types of Web3 wallets provide their own unique experiences based on the user's usage habits and needs. The plug-in, mobile and web-based Web3 wallets have different focuses:

1) The plug-in wallet is mainly for professional users, such as DeFi farmers, airdrop hunters, traders, etc., which facilitates direct interaction with DApp in the browser and is suitable for frequent use of DeFi and NFT scenarios. Users can also customize nodes, manage multi-chain assets, and support complex cross-chain operations, etc.

2) Mobile wallets focus on portability, and the interface design is usually more friendly. It is more suitable for novice users and users who need to manage assets anytime, anywhere. The operation is simple and flexible, and it takes into account comprehensive functions and security. It is suitable for users who need multi-device compatibility and deeper functions.

3) Web wallets are mostly used as dashboards for information display, usually without actual asset management functions, and are more used to monitor and view on-chain data.

What are the recent Web3 wallet innovations?

OKX Web3: Plugin wallets need to rely on browsers or clients to run, such as Chrome browsers or Telegram. This combination with browsers and clients brings rich innovation opportunities to plugin wallets, such as the recently launched Blink and Sidebar. These innovations not only enhance the user's interactive experience, but also expand the application scenarios of plugin wallets, helping users achieve a better balance between ease of operation and functional extensibility.

Solana Blinks is an innovation on the Solana chain that converts on-chain operations into shareable interactive links. These “Blinks” allow users to conduct blockchain transactions, such as voting, minting, exchanging, or paying, directly on social media or other websites without leaving their current platform. For example, a user can embed a Blink link in a social media post, and others can click it to purchase NFTs, stake tokens, and more without having to jump to other dApps. When a user clicks on a Blink, a Solana-compatible wallet automatically interprets the action, and the user can approve and complete the transaction. This greatly simplifies complex blockchain interactions, making it as simple as clicking a link. Blinks successfully bridges Web2 and Web3 by integrating blockchain functionality into common Web2 platforms, providing a more user-friendly crypto trading experience. In the future, Blinks may also support cross-chain functionality, further enhancing its practicality

The Sidebar feature of a Web3 wallet is an interface design, usually located in the sidebar of a wallet plugin or application, used to display user on-chain assets and real-time data. In professional user scenarios, Sidebar provides more visual information and interactive operations, such as displaying account balances, transaction records, on-chain assets, DeFi transaction combinations, etc., so that users can quickly access important data and operation options when interacting with DApps.

For products like the OKX Web3 plug-in wallet, Sidebar mode can improve user efficiency, especially for DeFi farmers or professional traders who need to operate frequently. By centrally displaying multi-chain information and real-time data, users do not need to frequently switch windows or interfaces, greatly simplifying the complex on-chain operation process.

In terms of interface design, what optimizations have been made for new users?

OKX Web3: We have made many optimizations to improve the new user experience, which can be exemplified from the following 2 aspects

1) Simplified user interface: The OKX Web3 plug-in wallet adopts an intuitive and concise interface design, which greatly reduces the technical threshold. The interface layout is clear, such as sending, receiving, viewing assets and other core functions are clear at a glance, avoiding the use of complex technical terms or Web3 jargon. This design is especially aimed at new users, allowing them to understand and get started faster, reducing confusion caused by unfamiliarity with blockchain technology.

2) Smart risk reminder and optimization: In order to ensure the asset security of new users, we have introduced a smart risk reminder function. The wallet will automatically detect and remind users of potential malicious contracts or high-risk operations to help users reduce unnecessary losses. In addition, during the transaction, the system will automatically select a better Gas fee, simplifying the steps for users to manually adjust, making transactions more efficient and convenient.

In fact, these improvements not only improve the ease of use of the wallet, but also help new users get a smoother experience during use, while ensuring asset security and operational efficiency.

Key measures to protect user asset security

OKX Web3:Currently, the OKX Web3 plug-in wallet provides security protection in the following aspects:

First, Malicious DAppDetection 

Some DApps may have phishing risks, and users may be induced to sign malicious transactions during use, resulting in capital losses. To prevent this, the OKX Web3 plug-in wallet provides a domain risk detection service. When a user visits a potentially malicious DApp, the system will automatically pop up a warning window to clearly inform the user of the risks of the website and help the user avoid dangerous operations in time.

Second, pre-risk interception of pending transactions 

The OKX Web3 wallet automatically performs pre-risk detection before the user signs the transaction. If the transaction involves risky addresses, Ethsign risk signatures, authorized external accounts (EOA) or zero-dollar purchases, the system will pop up a risk reminder on the signing page to remind the user of potential security threats. This can effectively prevent users from signing high-risk transactions without knowing it.

Third, risk authorization reminder 

If the user has authorized a potential risk, the OKX Web3 plug-in wallet will make a prominent reminder on the homepage. Users can enter the web page according to the prompts to view and manage these authorizations to ensure that their assets are not threatened.

Fourth, risk filtering in transaction history 

Users' transaction history records may be contaminated by spam airdrops, similar address attacks, etc., causing users to be induced to participate in phishing transactions and cause asset losses. To solve this problem, the OKX Web3 plug-in wallet identifies transactions involving these risks and hides risky transactions for users by default, helping users avoid malicious guidance from the root.

The optimization of these functions not only improves the user experience, but also greatly enhances the security of the wallet, providing users with a safer on-chain operating environment. Through a multi-level risk detection and prompt mechanism, the OKX Web3 plug-in wallet effectively protects the security of users' assets.

How to achieve support for multiple chains?

OKX Web3：Different blockchains have built a prosperous ecosystem, but at the same time, it has brought inconvenience to users in managing cross-chain assets. OKX Web3 Wallet actively responds to these challenges, and conducts in-depth research and rapid access to each new heterogeneous chain as soon as possible, allowing users to seamlessly manage multi-chain assets. Through the original "aggregate currency" and "screen chain function", users can easily manage assets on different chains, simplifying the complexity of multi-chain interaction.

There are often incompatibility issues between different chains. In response to this situation, OKX Web3 Wallet has designed a clear and intuitive interactive interface in various scenarios to help users quickly distinguish and handle operational requirements on different chains. This not only improves the user experience of multi-chain management, but also provides users with more flexibility and control.

Through these innovations, OKX Wallet has achieved the first step of chain abstraction, further simplified the process of multi-chain asset management, and provided users with a more unified and efficient multi-chain solution.

How to stay competitive in the rapidly developingWeb3 market? And future innovation direction

OKX Web3:The key to maintaining competitiveness lies in deeply understanding user needs and anticipating their potential interests, and actively guiding them to explore new possibilities even when users are not aware of their needs. In the future, the innovation direction of OKX Web3 plug-in wallet will focus on the following aspects:

First, combining AI to provide intelligent experience: OKX Web3 plug-in wallet will be deeply integrated with AI technology to provide users with personalized recommendations. According to user preferences, historical operations and market trends, it intelligently recommends suitable projects and functions to help users discover hot areas of interest, so that they always stand at the forefront of Web3 innovation.

Second, breaking the limitations of the browser: OKX Web3 plug-in wallet will not be limited to the use scenarios within the browser, and may be expanded to other display forms in the future to provide more diverse user experience and interaction methods. This cross-platform expansion will enable users to easily manage and use their Web3 assets in a wider range of scenarios.

Third, Continuous innovation close to users: We will continue to listen to user feedback and iterate and update closely around user needs. Through continuous user research and community interaction, we ensure that the development direction of the wallet is always consistent with user expectations, so as to create a more personalized and easy-to-use product.

The future Web3 ecosystem will be more complex and diversified. The OKX Web3 plug-in wallet will continue to improve the user experience and maintain its leading position in the industry through technological innovation and user-oriented strategies.

Web3What is the future development trend of the plug-in wallet?

OKX Web3:The plug-in wallet is not just a tool, its future development direction is to become a platform for users to discover the Web3 world. Its core goal is to help OKX Web3 wallet users obtain accurate Web3 industry information in the first place by integrating different channels and display forms. In this way, the plug-in wallet is not limited to asset management, but will also become a comprehensive Web3 ecosystem portal, helping users to easily explore the latest projects and trends.

Through this platform transformation, users do not need to frequently switch between multiple platforms, which greatly simplifies the complexity of cross-platform operations and improves the overall operational fluency and efficiency. In the future, the plug-in wallet will not only be a tool, but also an information integration and intelligent Web3 navigation platform, helping users to fully grasp market dynamics, further enhancing its importance in the Web3 ecosystem.

Disclaimer

This content is for reference only and does not constitute and should not be regarded as (i) investment advice or recommendation, (ii) an offer or solicitation to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. We do not guarantee the accuracy, completeness or usefulness of such information. Digital assets (including stablecoins and NFTs) are subject to market fluctuations, involve high risks, and may depreciate or even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation and risk tolerance. Please consult your legal/tax/investment professionals for your specific situation. Not all products are available in all regions. For more details, please refer to the OKX Terms of Service and Risk Disclosure & Disclaimer. The OKX Web3 wallet and its derivative services are subject to separate terms of service. Please be responsible for understanding and complying with local applicable laws and regulations.