Entering 2023, the Federal Reserve's aggressive interest rate policy is suppressing global risk assets. Amidst the liquidity freeze, the cryptocurrency industry is struggling to move forward amidst "positive and negative" news.

SEC launches a heavy attack on CEX, Hong Kong fully supports Web3, Curve stablecoin pool suffers attack, Bitcoin BRC20 ecosystem rises, BlackRock Bitcoin spot ETF postponed, Grayscale wins SEC lawsuit... The cryptocurrency industry is constantly experiencing gaps and undergoing self-adjustment and correction.

Currently, the prices of most encrypted assets have fallen more than 80% from the highest point of the previous bull market, and the number of new active addresses has decreased significantly. The purchasing power of stablecoins continues to decline, and many on-chain indicators are reaching historical lows, unable to escape the influence of cyclical rotation. The upcoming interest rate decision and the monetary policy statement of the Federal Reserve Chairman are being infinitely magnified, replacing the old market narrative as the logic of rise and fall. The market is eagerly anticipating the end of the bear market.

Against the backdrop of such a deep bear market, Web3 products represented by the OKX Web3 wallet have gone against the trend, focusing on improving their basic skills and establishing Web3 entry standards, while also enhancing user experience to attract new Web2 users. Over the past half year, many data have shown impressive performance.

One, OKX NFT market 24-hour trading volume reaches 13.4 million

According to DappRadar data, despite the current NFT trading volume hitting a historic low, the OKX NFT market trading volume continues to rise. On September 3rd, the 24-hour trading volume of the OKX NFT market reached 13.4 million, once again setting a new record. Previously, according to Wu Shuo Blockchain News, the reason for the counter-trend growth in OKX NFT market trading volume may be related to its zero transaction fees and the better user experience provided by the OKX Web3 wallet.

OKX NFT Market is a 0 fee multi-chain aggregation platform that combines creation, collection, and trading functions. Currently, in addition to Tensor, it has aggregated orders from mainstream NFT platforms such as OpenSea, Magic Eden, LooksRare, IMX Official, Element, and Blur, making it one of the most comprehensive NFT markets in the current market.

二、OKX DEX Ethereum daily users double, aggregated DEX quantity doubles

According to DUNE data, the number of OKX DEX users has experienced explosive growth since April this year. The total number of daily user addresses on the Ethereum chain has increased from 12,205 at the beginning of the year to 28,383 in June, an increase of over 130%. In addition, the number of DEXs aggregated by OKX DEX has increased from 100+ to 300+, a growth of over 200%. The number of cross-chain bridges has increased from 3+ to 15+, and the number of supported public chains has increased from 10+ to 20+.

OKX Web3 wallet DEX section is the most powerful DEX and cross-chain aggregator, aggregating 10+ cross-chains, 20+ public chains, 300+ DEX, and 300W+ currencies. X Routing smart routing enables a transaction to use multiple DEX simultaneously, providing users with the best price and 0 transaction service fee. It also has convenient features such as DEX market section, limit orders, perpetual contracts, and KYT security checks.

Three, OKX Cryptopedia's Fifth Event Attracts Over 1 Million Participants in 5 Days

OKX Cryptopedia has launched a series of 6 interactive events, including zkSync, SuiSwap, Fusionist, and Sui, and the number of participants has continuously reached new highs. According to the official Twitter account of Lifeform, the fifth event of OKX Cryptopedia has attracted over 1 million participants in just five days. Previously, according to Wu Shuo's report, the Sui on-chain transactions became slow due to the fourth Sui interactive event of OKX Cryptopedia. SuiVision data shows that on June 4th, there were 273,000 transaction blocks and nearly 54,000 active accounts on the Sui chain, both of which reached a small peak.

OKX Cryptopedia is a one-stop DApp exploration, learning, and reward interaction platform. The platform regularly launches activities with different blockchain networks as the theme, and sets DApp interaction tasks together with corresponding partners. Cryptopedia aims to explore and aggregate potential projects, reduce the threshold for entering Web3, reduce user search costs, and enable users to interact accurately even with fragmented time. In addition, addresses participating in the interaction may be eligible for rewards for the corresponding network and DApp, and users holding NFTs will have the opportunity to receive additional rewards.

Four, OKX Wallet supports over 70+ public chains

OKX Wallet has added support for networks such as Mantle, Base, WAX, Linea, Scroll, Conflux Network, etc. The number of supported public chains has increased from 40+ at the beginning of the year to 70+, covering the most comprehensive popular ecosystems.

OKX Web3 Wallet is the most comprehensive heterogeneous multi-chain wallet, with unified App, plugin, and web interfaces, covering five major areas: wallet, DEX, DeFi, NFT market, and DApp exploration. It also supports Ordinals market, creating MPC and AA smart contract wallets, exchanging Gas, backing up mnemonic phrases to iCloud/Google Drive, customizing networks, and connecting hardware wallets.

Five, OKX Ordinals market share reaches as high as 83.3%

According to Dune data, since the launch of the Oridinals market on OKX Web3 wallet on May 23, its market share has been continuously expanding. Especially on July 12, OKX Ordinals market share once reached 83.3%, almost monopolizing the Bitcoin Ordinals ecosystem. As of September 5, OKX Ordinals market share has fallen to 34.2%, second only to Unisat's 45%, ranking second in TOP2.

OKX Web3 Wallet is the first multi-chain wallet that supports the Ordinals market. The OKX Ordinals market is completely decentralized, with no platform service fees for interactions. It supports one-stop transfer, trading, and engraving of BRC-20 and BTC NFT. In addition, OKX Web3 Wallet is also the first multi-chain wallet to support Bitcoin and BRC-20 token staking, and has previously launched the first BRC-20 browser and released the BRC-30 standard proposal to introduce staking mechanisms to the BTC ecosystem.

Six, KYT Tianyan Security System 300 million+ on-chain address label library

OKX Web3 wallet has the most powerful KYT Sky Eye security system, which has currently implemented a library of 300 million+ on-chain address labels. It can help users detect and automatically alert risk addresses during transaction transfers or contract interactions. In addition, it also supports users to manage risk contract authorization with one click and regularly clean up risks, etc.

In addition, OKX Web3 wallet provides users with the most comprehensive backup methods for mnemonic phrases and private keys, including iCloud/Google Drive cloud backup, manual backup, and hardware backup, to ensure the security of users' private keys. By supporting the most comprehensive hardware wallets such as Ledger and Keystone, users can keep their private keys in their own hands.

Seven, OKX Web3 Wallet has completed 4 open source projects

Over the past few months, OKX Web3 Wallet has successively completed the open source of BRC20-S standard, multi-chain signature SDK, MPC core algorithm, and AA wallet. Through continuous open source actions, it leads the wallet track to be secure and transparent, while helping the industry to develop.

Aside from Web3 wallets, OKX is also leading the industry in secure and transparent CeFi operations. On August 30th, OKX officially released the 10th Proof of Reserves (PoR), with reserve rates exceeding 100% for 22 publicly listed coins. OKX is committed to improving PoR transparency to meet traditional financial audit standards and is one of the few mainstream crypto exchanges that publishes reserve proof on a monthly basis. The POR system has been upgraded with innovative technologies such as zk-STARK, allowing users to independently verify OKX's solvency at any time.

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