Going Against the Tide: 7 Data Points Reviewing OKX Web3 Wallet's First Half Year
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Going Against the Tide: 7 Data Points Reviewing OKX Web3 Wallet's First Half Year
Against the backdrop of the current deep bear market, Web3 products represented by the OKX Web3 Wallet are moving against the trend, focusing inward on strengthening fundamentals and establishing standards for Web3 entry points.
Navigating Web3 tides with focused insightsAuthor: Will
As 2023 began, the Federal Reserve's aggressive interest rate hikes continued to suppress global risk assets. Amid tightening liquidity, the crypto industry struggled forward amid a mix of positive and negative news.
The SEC cracked down hard on CEXs; Hong Kong threw its full support behind Web3; Curve’s stablecoin pools were attacked; the Bitcoin BRC20 ecosystem rose rapidly; BlackRock's spot Bitcoin ETF application was delayed; Grayscale won its lawsuit against the SEC... The crypto industry continuously developed gaps, yet constantly adjusted and corrected itself.
Currently, most crypto asset prices are down over 80% from their previous bull market highs. New active addresses have declined significantly, stablecoin purchasing power continues to erode, and many on-chain metrics are approaching historic lows—proving unable to escape the impact of cyclical fluctuations. Upcoming interest rate decisions and monetary policy statements by the Fed Chair are being magnified beyond measure, replacing old market narratives as the new logic driving price movements. The market eagerly awaits the final chapter of the bear market.
Against this deeply bearish backdrop, Web3 products represented by the OKX Web3 Wallet have gone against the trend—strengthening fundamentals internally to establish standards for Web3 entry points, while improving product experiences externally to attract new Web2 users. Over the past several months, their performance across multiple data points has been particularly impressive.
1. OKX NFT Marketplace Achieves $13.4 Million in 24-Hour Trading Volume
According to DappRadar data, despite the current NFT sector experiencing historically low trading volumes, OKX NFT Marketplace has shown a continuous upward trend. On September 3, the platform recorded a 24-hour trading volume of $13.4 million, setting another all-time high. As previously reported by Wu Blockchain, the逆势 growth of OKX NFT Marketplace may be attributed to its zero-fee model and the superior user experience provided by the OKX Web3 Wallet.
The OKX NFT Marketplace is a multi-chain aggregated platform with zero fees, integrating creation, collection, and trading functionalities. Currently, aside from Tensor, it has aggregated order books from major NFT platforms including OpenSea, Magic Eden, LooksRare, IMX Official, Element, and Blur, making it one of the most comprehensive NFT marketplaces available.
2. OKX DEX Ethereum Daily Users Double, Aggregated DEX Count Triples
Data from Dune shows that OKX DEX entered an explosive growth phase starting in April this year. The number of daily unique user addresses on Ethereum has grown from 12,205 at the beginning of the year to 28,383 in June—an increase of over 130%. Additionally, the number of DEXs aggregated by OKX DEX has expanded from over 100 to more than 300, representing over a 200% increase. Cross-chain bridge integrations have grown from 3+ to 15+, and supported public chains have doubled from over 10 to over 20.
OKX Web3 Wallet’s DEX module is one of the most powerful DEX and cross-chain aggregators, supporting over 10 cross-chain networks, 20+ public chains, 300+ DEXs, and over 3 million tokens. Its X Routing smart routing technology enables a single trade to leverage multiple DEXs simultaneously, delivering optimal pricing with zero transaction fees. It also offers convenient features such as DEX market data, limit orders, perpetual contracts, and KYT security checks.
3. OKX Cryptopedia Phase 5 Surpasses 1 Million Participants in Just 5 Days
OKX Cryptopedia has launched six themed interactive campaigns so far, covering zkSync, SuiSwap, Fusionist, and Sui, with participation consistently reaching new highs. According to Lifeform’s official Twitter, OKX Cryptopedia’s fifth campaign surpassed 1 million participants within just five days. Earlier reports by Wu Blockchain indicated that the fourth campaign focused on Sui caused noticeable slowdowns in Sui chain transactions. Data from SuiVision showed that on June 4, the Sui network processed 273,000 transaction blocks with nearly 54,000 active accounts—both hitting minor peaks.
OKX Cryptopedia is an all-in-one platform for exploring, learning about, and interacting with DApps to earn rewards. The platform regularly launches blockchain-themed events and collaborates with partners to design interactive DApp tasks. Cryptopedia aims to discover and aggregate promising projects, lower the barrier to entering Web3, reduce user search costs, and enable precise interactions even during fragmented time. Moreover, participating addresses may qualify for rewards from the respective networks and DApps, with NFT holders receiving additional bonus opportunities.
4. OKX Wallet Now Supports Over 70 Public Chains
OKX Wallet has recently added support for Mantle, Base, WAX, Linea, Scroll, Conflux Network, and other networks. The total number of supported public chains has increased from over 40 at the start of the year to more than 70, covering the broadest range of popular ecosystems.
OKX Web3 Wallet is the most comprehensive heterogeneous multi-chain wallet, unified across app, browser extension, and web platforms. It includes five core modules: Wallet, DEX, DeFi, NFT Marketplace, and DApp Discovery. Additional features include the Ordinals marketplace, MPC and AA smart contract wallet creation, gas token swapping, iCloud/Google Drive mnemonic backup, custom network configuration, and hardware wallet integration.
5. OKX Ordinals Market Share Peaks at 83.3%
According to Dune Analytics, since launching its Ordinals marketplace on May 23, OKX Web3 Wallet’s market share has steadily grown from 0.3%. On July 12, OKX Ordinals briefly reached a peak market share of 83.3%, nearly monopolizing the Bitcoin Ordinals ecosystem. As of September 5, its market share had declined to 34.2%, ranking second behind unisat’s 45%.
OKX Web3 Wallet is the first multi-chain wallet to support the Ordinals marketplace. The OKX Ordinals marketplace is fully decentralized, charges no platform fees, and supports seamless minting, transferring, and trading of BRC-20 tokens and BTC NFTs. Furthermore, OKX Web3 Wallet is the first multi-chain wallet to support staking for both Bitcoin and BRC-20 tokens. It previously launched the first BRC-20 explorer and proposed the BRC20-S standard to introduce staking mechanisms into the BTC ecosystem.
6. KYT “SkyEye” Security System Covers Over 300 Million On-Chain Addresses
OKX Web3 Wallet features the industry’s most advanced KYT (Know Your Transaction) “SkyEye” security system, which now includes a database of over 300 million labeled on-chain addresses. This system helps detect and automatically warn users about risky addresses during transactions, transfers, or contract interactions. It also allows users to manage contract approvals with one click and periodically clean up risky authorizations.
Additionally, OKX Web3 Wallet provides the most comprehensive range of mnemonic and private key backup options—including iCloud/Google Drive cloud storage, manual backups, and hardware wallet integration—to ensure maximum security for user keys. By supporting a wide array of hardware wallets such as Ledger and Keystone, OKX ensures users retain full control over their private keys.
7. OKX Web3 Wallet Completes Fourth Open-Source Release
In the past half-year, OKX Web3 Wallet has successively open-sourced the BRC20-S standard, multi-chain signing SDK, MPC core algorithms, and AA wallet code. Through continuous open-source initiatives, it is promoting safety and transparency in the wallet space and contributing to broader industry development.
Beyond its Web3 offerings, OKX is also leading the way in security and transparency within CeFi. On August 30, OKX officially released its 10th Proof of Reserves (PoR) report, showing reserve ratios exceeding 100% across 22 audited assets. Committed to elevating PoR transparency to traditional financial audit standards, OKX is among the few major crypto exchanges publishing monthly reserve proofs. Its PoR system has been upgraded using innovative technologies like zk-STARKs, enabling users to independently verify OKX’s solvency at any time.
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