Analysis of OKX Ventures’ investment projects and highlights in September

Source: OKX

Introduction

In the past period of time, the encryption industry has been developing rapidly, and OKX Ventures has witnessed the rapid changes in the industry:

The social track has seen a phenomenon-level product, Friend.tech, with revenue exceeding 10,000 ETH and TVL exceeding 30,000 ETH, surpassing the total fee income of decentralized trading platform Uniswap in September. This has driven growth in the social track, including the data growth of Farcaster and multiple Friend.tech imitators. Well-funded infrastructure will make it possible for larger-scale social, gaming, and overall application tracks;

With the approval of the Ethereum ETF, the daily trading volume exceeded $20 million, and it is expected that the approval of the Bitcoin spot ETF will also become inevitable. Combined with the release of policy dividends and industry cycles after Bitcoin's halving in April next year, we have reason to have greater expectations for the industry's recovery.

Telegram has opened the entrance to "TON Space" to create a new entry point for Web3. Recently, the Ton ecosystem has also experienced an explosion, with over 500 applications covering 16 tracks. Despite the controversy surrounding the TON ecosystem, its 800 million monthly active users are still worth paying attention to.

OKX Ventures continues to pay attention to the industry and remains optimistic about infrastructure, Ethereum ecology, DeFi and other tracks. They have invested in projects such as Aark Digital, DappOS, and 0xScope.

Project List

Aark Digital

Project Overview

Aark Digital is a Peer-to-Pool perpetual DEX tailored for professional traders on Arbitrum, providing the ultimate solution to the pain points of perpetual DEX.

Aark Digital performs excellently in terms of innovation and user-friendliness, and is very friendly to both traders and liquidity providers. For traders, there is abundant liquidity, 50+ trading pairs, any asset can be used as collateral, and cross-margin trading. For liquidity providers, there is leveraged liquidity provision, delta-neutral liquidity provision, and insurance fund.

Project Highlights

Layer2 derivative products have a huge potential for growth, and more and more derivative trading will be conducted on the chain in the future. GMX and other trading markets have already verified the feasibility of this track.

Aark Digital provides an optimized trading experience and has innovated existing mechanisms. Koala has optimized the trading experience and profits for traders and LPs.

The trading experience comes from the PMM model, which provides sufficient liquidity for trading similar to CEX. The trading security mechanism is designed reasonably, and the oracle design meets expectations. The pricing model of index price and premium provides arbitrage opportunities for arbitrators to balance the protocol and CEX feed prices.

Overall, Aark Digital has made fast progress in development and continues to innovate within existing derivative product models, providing traders with a user-friendly trading experience and improving the efficiency of LP pools.

DappOS

Project Overview

DappOS is the first intent-based operating protocol, aimed at making the user experience of dApps as friendly as mobile applications, thereby reducing the entry barrier to Web3.

To bring the next billion users into Web3, user experience is crucial. However, current dApps are still too difficult to use for mainstream users. Two issues are considered to be the main obstacles. dappOS mainly addresses the entry problem for user experience. dappOS solves this problem by building an intermediate layer between the user and the encrypted dApp. Users can interact only with dappOS, and dappOS will be responsible for interacting with the encrypted dApp that the user needs to access and automatically executing the workflow.

Currently, dappOS has more than 20 collaborative projects, including GMX, Perpetual, BENQI, etc., all of which have used dappOS. dappOS now supports 10 chains.

Project Highlights

DappOS provides a user-friendly experience by building an intermediate layer between users and the encrypted infrastructure to solve complex workflows and web3 wallet issues. Users only need to interact with dappOS, and dappOS will help users interact with the encrypted infrastructure and automatically execute workflows.

For client users, dappOS provides a user entry product that integrates various dApps. In the future, dappOS will also provide a mobile APP to further reduce user barriers.

For developers, dappOS provides a dApp SDK. You can also develop a mini-program version on our mini-program platform to provide a web2-like user experience.

For the client, DappOS provides development tools for mobile apps that integrate dApp SDKs, offering developers a user-friendly development experience.

DappOS is one of the earliest products dedicated to intent centric, providing friendly experiences for users and developers, eliminating the need for users to understand complex on-chain product logic. It is the infrastructure that will introduce the next billion users to the next era.

0xScope

Project Overview

0xScope Protocol is a data knowledge graph protocol that uses a set of graph-based aggregation algorithms to associate data points scattered across Web2 and Web3 into a dense, structured semantic data network, aggregating scattered data into real, usable information. 

0xScope aims to systematize and visualize decentralized data by integrating cross-protocol on-chain data, outlining user profiles, helping Web3 protocol builders better understand users, and providing data support for the integration of Web3 and the real world. 

Project Highlights

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