Centralized and decentralized applications in the crypto industry are forming a balance:Centralized platforms provide convenient transaction entry and high security, while decentralized wallets provide unified on-chain entry and high privacy, thereby more comprehensively meeting user needs.
And crypto wallets are becoming an important form of decentralized applications. According to the "Crypto Wallet Market Outlook 2023" report, the global crypto wallet market size has reached US$8 billion in 2023, and is expected to continue to grow at a compound annual growth rate (CAGR) of 24.2% by 2028, and the total market value will exceed US$20 billion. In addition, according to Statista statistics, the number of global crypto wallet users has exceeded 50 million in 2024, an increase of more than 200% from 2020.
Among them, encrypted mobile wallets are expanding their user base through their higher convenience and may be becoming "Web3 super applications". As of now, the utilization rate of mobile wallets accounts for more than 60%, and the average daily encrypted transaction volume processed has increased from US$100 million in 2020 to more than US$1 billion in 2024, with an average annual growth rate of about 85%. In terms of applications, according to DappRadar data, more than 70% of NFT transactions are completed through mobile wallets, and about 65% of DeFi users rely on mobile wallets for transactions and staking.
Mobile wallets have undergone rapid evolution in the past few years, from the initial simple cryptocurrency storage tools to a comprehensive platform that supports complex functions such as DeFi, NFT transactions, and cross-chain functions. As the industry-leading one-stop Web3 portal, Invisible Infrastructure 06 will focus on the OKX Web3 Wallet mobile terminal (hereinafter referred to as "OKX Web3 Mobile Wallet"). Through dialogue, we will deeply explore the product construction and cognition of the OKX Web3 Mobile Wallet team, hoping to help users better understand and use mobile wallets.
OKX Web3：OKX Web3 Mobile Wallet is a multifunctional Web3 wallet that is secure, convenient and easy to use. It integrates the advantages of wallet, Swap transaction, NFT market, DApp browser, etc., and can meet various Web3 needs such as user asset security storage, transaction and on-chain interaction. We are committed to enabling every user to seamlessly enter the decentralized ecosystem of Web3 and experience the infinite possibilities of the crypto world. Our vision is to become a "one-stop" solution in the Web3 ecosystem, allowing users to participate in various activities in the decentralized world easily and safely. For example,
1) In terms of security:We use multiple security measures such as multi-signature and hardware wallets to ensure that users' crypto assets are protected at the highest level during storage and transactions.
2) Convenience: Allow users to complete asset management, transactions, NFT purchases and DApp access on one platform of OKX Web3 mobile wallet, without frequently switching applications, and enjoy a one-stop convenient experience.
3) Ease of use: Whether you are a beginner or an experienced user, you can easily manage assets, conduct transactions, pledge and other on-chain operations through the intuitive interface and simplified operation process provided by our wallet.
In general,OKX Web3 mobile wallet's positioning can be summarized by three keywords:Web3 mobile portal,Web3 enthusiasts' toolbox and one-stopWeb3 ecological solution.
First, unlike the plug-in wallet that mainly relies on the operation of the PC-side Dashboard, the OKX Web3 mobile wallet is positioned as the Web3 entrance on the mobile side, targeting more and more mobile-first users, helping them to conveniently access the Web3 world anytime, anywhere. Secondly, the OKX Web3 mobile wallet is also a toolbox for Web3 enthusiasts. By integrating multiple functions such as asset management, trading, NFT market and DApp browsing, it not only meets the basic encryption storage needs, but also is a full-featured Web3 operation platform to meet users' all-round chain needs. Finally, we are also positioned as a one-stop Web3 ecological solution, providing users who want to deeply participate in DeFi, NFT and other blockchain activities with a full-chain coverage of multi-functional solutions, reducing the complexity of their operations between multiple platforms and improving operational efficiency and experience.
OKX Web3: In order to further improve the user experience, we have upgraded and iterated multiple business lines of the product, not only making the operation process smoother, but also making the functions richer. Here are a few examples:
1) UI Full upgrade:The newly designed product interface makes the user experience smoother and more fluent. We have greatly simplified the asset management, token exchange and DApp state exploration processes, providing users with a safe and efficient entrance to the diverse on-chain ecosystem.
2)App ConnectProtocol upgrade:For Telegram Mini Apps that support App Connect, users can directly call up the OKX Web3 mobile wallet, sign and trade, and smoothly complete DApp interactions, making the experience more convenient.
3)Token discovery page upgrade:Our new token page allows users to explore more than 1 million different types of tokens, covering popular Memecoins on the network such as Solana, Base, and BNB, and enables users to quickly find new trading opportunities by supporting customized sorting options. Currently, the DEX aggregator of the OKX Web3 mobile wallet adds approximately 120,000 new tokens every week.
4) MarketplaceUpgrade:By simplifying the operation experience, users can better discover and easily trade more than 3 million digital collectibles, including emerging assets such as inscriptions and runes in the Bitcoin ecosystem through the OKX Marketplace. The optimized interface can more comprehensively adapt to new and old users.
5) DEXAggregator Upgrade:Our DEX aggregator provides industry-leading quote response time and transaction speed, retrieving and aggregating quotes from nearly 500 decentralized exchanges with an average response time of about 50 milliseconds, providing users with a first-class trading experience.
6) Navigation page upgrade:The new classification structure makes the product experience more intuitive. For example, users can easily access a large number of third-party DApps in the "Discover" section. Greatly improved exploration efficiency and convenience.
Currently, users can update the OKX APP to the latest version to experience the above features immediately.
OKX Web3: In terms of responding to user needs and market hot spots, we have established an efficient market hot spot response mechanism to ensure that the OKX Web3 mobile wallet can quickly capture and adapt to market dynamics. Whether it is the launch of a new public chain, the rise of DeFi protocols, or the popularity of Meme tokens, the OKX Web3 mobile wallet will quickly integrate these emerging features and services after completing investigations and evaluations. In addition, through close cooperation with popular protocols or early support for emerging chains, we provide users with a diverse and rich Web3 ecosystem to help them easily participate in and experience the latest on-chain innovations at the forefront of the industry.
In addition, in order to stay ahead in a rapidly changing industry, we have done this: proactively deployingWeb3 cutting-edge technologies, promoting the coordinated development of multi-chain ecosystems, and collecting user feedback through multiple channels.
In terms of forward-looking layout of Web3 cutting-edge technology:We are not only a follower in the market, but also a promoter of innovation. OKX Web3 mobile wallet maintains close communication with the global developer community and establishes in-depth cooperation with cutting-edge DApps and protocols to ensure that we can provide users with cutting-edge functions and rich resources. This close partnership allows us to always maintain our competitiveness and bring users a continuously upgraded experience.
In terms of promoting the coordinated development of multi-chain ecology:OKX Web3 mobile wallet is committed to breaking down the barriers between chains, creating a unified user experience through cross-chain interoperability, liquidity aggregation, developer support, etc., so that it can enjoy a more convenient multi-chain asset management experience. At the same time, it also promotes the common prosperity of each chain ecosystem, enhances the interaction between users and projects, and promotes the overall development of the Web3 ecology.
In terms of collecting user feedback through multiple channels: We attach great importance to user voices, and can quickly collect user needs and suggestions through multiple channels such as built-in feedback systems, social media interactions and community operations. OKX Web3 mobile wallet is based on user feedback and community-driven development, giving priority to the development of functions that are most urgently needed by users, ensuring that we are always at the forefront of meeting user needs and enhancing user participation and satisfaction. Through these measures, OKX Web3 mobile wallet can not only respond quickly to market changes, but also continue to lead the development of the industry through technological innovation, ecological synergy and user feedback.
OKX Web3:In terms of protecting the security of user assets, we have adopted multi-level technical measures to ensure that users are in a safe environment. Currently. Key protection levels cover:
1) Malicious DApp detection. Some DApps may have the risk of phishing or malicious transactions. Users may be induced to sign malicious transactions and suffer asset losses without knowing it. To prevent this, OKX Web3 mobile wallet has introduced the "Domain Risk Detection" service. When users visit potential malicious DApps, the system will automatically pop up an alarm window to clearly remind users of the potential risks of the website, thereby helping users to avoid possible dangerous operations in time.
2) Pre-risk interception of pending transactions. OKX Web3 mobile wallet will automatically perform "pre-risk detection" before users sign transactions. If potential threats such as risky addresses, Ethsign risk signatures, authorized external accounts (EOA) or zero-dollar purchases are detected in the transaction, the system will pop up a risk reminder on the signing page to remind users of potential security threats. This can effectively prevent users from signing high-risk transactions without knowing it, thereby reducing possible financial losses.
3) Risk authorization reminder. If the user has authorized potential risks, the OKX Web3 mobile wallet will provide a prominent reminder on the homepage to remind the user of these potential risks. Users can enter the web page according to the prompts to view and manage these authorizations to ensure that their assets are not threatened.
4) Risk filtering in transaction history. The user's transaction history may be contaminated by spam airdrops, similar address attacks, etc., causing the user to be induced to participate in phishing transactions and cause asset losses. To solve this problem, the OKX Web3 mobile wallet has marked transactions involving these risks and hidden risky transactions for users by default to prevent users from accidentally clicking or performing unsafe operations, helping users reduce the risk of being maliciously guided from the root.
We hope that through these technical measures, we can provide users with a safer and more reliable on-chain operating environment and effectively protect the security of users' assets.
OKX Web3: In the future, the OKX Web3 mobile wallet will further accelerate technological innovation and product iteration through close cooperation with the global developer community, and continuously promote the upgrade of wallet functions. Through these innovations, we are committed to simplifying cumbersome blockchain operations, reducing the learning threshold and risk of misoperation for users, helping new users to get started quickly, and allowing every user to use the powerful functions of the wallet efficiently and conveniently.
In addition, the OKX Web3 mobile wallet aims to provide users with a one-stop Web3 portal, which provides users with accurate Web3 industry information instantly by aggregating multiple channels and rich display forms, and creates a comprehensive Web3 ecological portal. Users can not only easily discover the latest projects and industry trends, but also gain an in-depth understanding of the cutting-edge trends in the blockchain ecosystem. In general, we are committed to building a comprehensiveWeb3ecological platform, makingOKX Web3mobile walletthe preferred platform for users to explore and participatein theWeb3world.
OKX Web3: It is often mentioned that the Web3 world does not yet have super applications like WeChat and Alipay in Web2, but in fact, multiple projects are moving in this direction, gradually integrating various functions so that users can participate in all aspects of the Web3 ecosystem through one platform. Although the decentralized nature of Web3 makes it difficult for a single "super application" to completely replicate the Web2 model, some platforms are exploring this concept, and gradually forming the prototype of the Web3 version of the super application by aggregating multiple services and tools.
Among them, encrypted mobile wallets have the potential to become "Web3 super applications". The core reason is that as the key entrance to the decentralized world, it has realized multiple core functions such as one-stop solutions, mobile experience anytime, anywhere, multi-chain support and cross-chain interoperability, DeFi core hub, etc., which can meet the extensive needs of users in the Web3 ecosystem. This all-round functional integration and convenience give it great potential to become a "Web3 super application".
With the continuous innovation of technology and the expansion of daily applications, mobile wallets will become more convenient and practical, pushing the user scale to a new height.
Learn more about OKX Web3 invisible infrastructure
Learn more about OKX Web3 wallet invisible infrastructure content: You can click to read:
2. "Invisible Infrastructure Issue 02 | Dialogue with OKX Web3 team: Why build an API? 》
Disclaimer
This content is for reference only and does not constitute and should not be considered 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. OKX Web3 mobile 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.
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