Invisible Infrastructure 06 | Conversation with OKX Web3: Mobile Wallets Could Become the "Web3 Super App"
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Invisible Infrastructure 06 | Conversation with OKX Web3: Mobile Wallets Could Become the "Web3 Super App"
"We are not just followers of the market, but also drivers of innovation. In the future, mobile wallets will better serve ordinary users."
Navigating Web3 tides with focused insights
The centralized and decentralized applications in the crypto industry are forming a balance: Centralized platforms offer convenient trading access and high security, while decentralized wallets provide unified on-chain entry points and greater privacy, collectively meeting user needs more comprehensively.
Crypto wallets are becoming a key form of decentralized application. According to the "Crypto Wallet Market Outlook 2023" report, the global crypto wallet market reached $8 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 24.2% through 2028, surpassing $20 billion in total value. Additionally, Statista data shows that global crypto wallet users exceeded 50 million in 2024, representing over a 200% increase since 2020.
Among these, mobile crypto wallets—thanks to their superior convenience—are rapidly expanding in user base and may be evolving into "Web3 super apps." To date, mobile wallets account for over 60% of usage, with daily transaction volume rising from $100 million in 2020 to over $1 billion in 2024—an average annual growth rate of approximately 85%. In terms of application, according to DappRadar, over 70% of NFT transactions are completed via mobile wallets, and about 65% of DeFi users rely on mobile wallets for trading and staking activities.
Over the past few years, mobile wallets have evolved rapidly—from simple cryptocurrency storage tools into comprehensive platforms supporting complex functions such as DeFi, NFT trading, and cross-chain operations. As an industry-leading all-in-one Web3 gateway, Invisible Infrastructure Issue 06 focuses on the OKX Web3 Wallet mobile app (hereinafter referred to as “OKX Web3 Mobile Wallet”), delving into the product development philosophy and insights of the OKX Web3 mobile wallet team through interviews, aiming to help users better understand and use mobile wallets.
What user pain points does the OKX Web3 Mobile Wallet solve? Product vision and market positioning
OKX Web3: The OKX Web3 Mobile Wallet is a multifunctional Web3 wallet integrating security, convenience, and ease of use. It consolidates core features including wallet management, Swap trading, NFT marketplace, and DApp browser, fulfilling diverse Web3 needs such as secure asset storage, trading, and on-chain interactions. We are committed to enabling every user to seamlessly enter the decentralized ecosystem of Web3 and experience the endless possibilities of the crypto world. Our vision is to become an "all-in-one" solution within the Web3 ecosystem, allowing users to participate in decentralized activities easily and securely. For example,
1) Security: We employ multi-signature mechanisms and hardware wallet integration, among other security measures, to ensure the highest level of protection for users' digital assets during storage and transactions.
2) Convenience: Users can manage assets, trade, purchase NFTs, and access DApps—all within a single platform—eliminating the need to frequently switch between apps and enjoying a seamless, integrated experience.
3) Usability: Whether beginners or experienced users, everyone can easily manage assets, conduct trades, stake, and perform various on-chain operations thanks to our intuitive interface and simplified workflows.
In summary, the positioning of the OKX Web3 Mobile Wallet can be captured by three keywords: Mobile Entry Point to Web3, Toolbox for Web3 Enthusiasts, and All-in-One Web3 Ecosystem Solution.
Firstly, unlike extension wallets that primarily depend on PC dashboards, the OKX Web3 Mobile Wallet is positioned as a mobile-first Web3 gateway, catering to the growing number of mobile-priority users who want convenient, anytime, anywhere access to the Web3 world. Secondly, it serves as a toolbox for Web3 enthusiasts, integrating asset management, trading, NFT marketplace, and DApp browsing capabilities—not only meeting basic crypto storage needs but also functioning as a fully-featured Web3 operating platform addressing comprehensive on-chain requirements. Finally, we position it as an all-in-one Web3 ecosystem solution, offering multi-chain coverage and multifunctional tools for users deeply involved in DeFi, NFTs, and other blockchain activities, reducing complexity across multiple platforms and enhancing operational efficiency and user experience.
Latest product updates
Okx Web3: To further enhance user experience, we’ve upgraded and iterated across multiple product lines, making operations smoother and functionalities richer. Here are some highlights:
1) Full UI overhaul: A redesigned interface delivers a smoother, more fluid experience. We’ve significantly streamlined processes for asset management, token swaps, and DApp exploration, providing users with a secure and efficient gateway to diverse on-chain ecosystems.
2) App Connect protocol upgrade: For Telegram Mini Apps supporting App Connect, users can now directly invoke the OKX Web3 Mobile Wallet to sign transactions and interact with DApps seamlessly, greatly improving convenience.
3) Token discovery page upgrade: Our new token page allows users to explore over 1 million different types of tokens, including popular Memecoins on networks like Solana, Base, and BNB. With customizable sorting options, users can quickly identify new trading opportunities. Currently, OKX Web3 Mobile Wallet’s DEX aggregator adds around 120,000 new tokens weekly.
4) Marketplace upgrade: By simplifying the user experience, users can now better discover and easily trade over 3 million digital collectibles—including emerging assets such as Bitcoin inscriptions and Runes—via OKX Marketplace. The optimized interface caters well to both new and experienced users.
5) DEX Aggregator upgrade: Our DEX aggregator offers industry-leading quote response times and transaction speeds, retrieving and aggregating quotes from nearly 500 decentralized exchanges with an average response time of about 50 milliseconds, delivering a top-tier trading experience.
6) Navigation page upgrade: The new categorization structure makes the product experience more intuitive—for instance, users can easily access a vast array of third-party DApps via the "Discover" section, significantly boosting exploration efficiency and convenience.
Users can update the OKX app to the latest version to immediately experience these features.
How do you quickly respond to user demands and market trends, and maintain leadership in a fast-changing industry?
OKX Web3: In responding to user needs and market trends, we've established an efficient market-response mechanism to ensure the OKX Web3 Mobile Wallet can swiftly capture and adapt to dynamic changes. Whether it's the launch of a new public chain, the rise of a DeFi protocol, or the viral popularity of a meme coin, after due diligence and evaluation, the OKX Web3 Mobile Wallet quickly integrates these emerging services and features. Furthermore, through close collaboration with leading protocols or early support for nascent chains, we offer users a diverse and rich Web3 ecosystem, enabling them to easily engage with and experience the latest on-chain innovations at the forefront of the industry.
Beyond this, to stay ahead in a rapidly evolving landscape, we focus on: forward-looking investment in cutting-edge Web3 technologies, fostering collaborative development across multi-chain ecosystems, and gathering user feedback through multiple channels.
Regarding forward-looking investment in Web3 technologies: We aim not just to follow the market, but to drive innovation. The OKX Web3 Mobile Wallet maintains close communication with the global developer community and builds deep partnerships with pioneering DApps and protocols, ensuring we deliver cutting-edge features and abundant resources. This close cooperation keeps us competitive and enables continuous product enhancement for users.
Regarding promoting协同发展 in multi-chain ecosystems: The OKX Web3 Mobile Wallet strives to break down barriers between blockchains, creating a unified user experience through cross-chain interoperability, liquidity aggregation, and developer support—offering users more convenient multi-chain asset management. At the same time, we promote shared prosperity across different chain ecosystems, strengthen interaction between users and projects, and advance the overall development of the Web3 ecosystem.
Regarding collecting user feedback through multiple channels: We highly value user input and gather real-time feedback through built-in feedback systems, social media engagement, and community operations. Driven by community insights, we prioritize developing the most urgently needed features, ensuring we remain at the forefront of user satisfaction and engagement. Through these strategies, the OKX Web3 Mobile Wallet not only responds rapidly to market shifts but also continues to lead the industry through technological innovation, ecosystem synergy, and user-centric design.
What technical measures have been adopted to protect user asset security?
OKX Web3: To safeguard user assets, we implement multi-layered technical safeguards designed to keep users in a secure environment. Key protective measures include:
1) Malicious DApp detection: Some DApps may pose phishing or malicious transaction risks, potentially tricking users into signing harmful transactions unknowingly, resulting in asset loss. To prevent this, the OKX Web3 Mobile Wallet has introduced a "Domain Risk Detection" service. When users visit a potentially malicious DApp, the system automatically displays a warning popup clearly indicating the site’s potential risks, helping users avoid dangerous actions in time.
2) Pre-signing risk interception: Before a user signs a transaction, the OKX Web3 Mobile Wallet automatically performs a "pre-signing risk check." If the transaction involves risky addresses, Ethsign vulnerabilities, authorization of external accounts (EOA), or zero-value purchases, the system will display a prominent risk alert on the signing screen, notifying users of potential threats. This effectively prevents accidental approval of high-risk transactions and reduces the likelihood of financial loss.
3) Risk authorization alerts: If users already have potentially risky authorizations, the OKX Web3 Mobile Wallet displays clear warnings on the home screen, prompting users to review and manage these permissions. Users can click through to a web page to view and revoke risky authorizations, ensuring their assets remain protected.
4) Risk filtering in transaction history: User transaction histories may be polluted by spam airdrops or lookalike address attacks, potentially misleading users into interacting with phishing DApps and losing funds. To address this, the OKX Web3 Mobile Wallet flags such risky transactions and hides them by default, preventing accidental clicks or execution of unsafe operations, thereby reducing the risk of malicious redirection at its root.
We hope these technical measures create a safer and more reliable on-chain operating environment, effectively protecting users’ digital assets.
Future roadmap for the OKX Web3 Mobile Wallet
OKX Web3: Going forward, the OKX Web3 Mobile Wallet will deepen collaboration with the global developer community to accelerate technological innovation and product iteration, continuously upgrading wallet functionality. Through these innovations, we aim to simplify complex blockchain operations, lower learning curves and risks of user errors, help newcomers get started quickly, and empower every user to efficiently leverage the wallet’s powerful capabilities.
Moreover, the OKX Web3 Mobile Wallet aims to serve as an all-in-one Web3 gateway. By aggregating diverse channels and rich content formats, we will deliver timely and accurate Web3 industry information, building a comprehensive portal into the Web3 ecosystem. Users will not only conveniently discover the latest projects and industry developments but also gain deeper insights into emerging trends within the blockchain space. Overall, we are committed to building a holistic Web3 ecosystem platform, making the OKX Web3 Mobile Wallet the go-to destination for users exploring and engaging with the Web3 world.
How do you see the future trends in crypto wallets?
OKX Web3: A frequent topic of discussion is that Web3 still lacks a "super app" equivalent to WeChat or Alipay in Web2. However, multiple projects are moving in this direction, gradually integrating various functionalities so users can access all aspects of the Web3 ecosystem through a single platform. While the decentralized nature of Web3 makes it difficult to fully replicate the Web2 model with one dominant "super app," several platforms are exploring this concept by aggregating multiple services and tools, slowly forming prototypes of Web3-native super apps.
Among them, crypto mobile wallets hold strong potential to become "Web3 super apps." The core reason lies in their role as a critical gateway to the decentralized world, combining essential functions such as an all-in-one solution, mobile-first accessibility, multi-chain and cross-chain interoperability, and serving as a central hub for DeFi—meeting a wide range of user needs within the Web3 ecosystem. This comprehensive integration of functionality and convenience gives mobile wallets immense potential to evolve into Web3 super apps.
With ongoing technological innovation and broader everyday applications, mobile wallets will become even simpler and more practical, driving user adoption to new heights.
Learn more about OKX Web3 Invisible Infrastructure
Explore more content from OKX Web3 Wallet Invisible Infrastructure series:
2.Invisible Infrastructure Issue 02 | Interview with OKX Web3 Team: Why Build APIs?
Disclaimer
This content is for informational purposes only 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 the information provided. Digital assets (including stablecoins and NFTs) are subject to market volatility, involve high risk, and may depreciate or 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 regarding your specific circumstances. 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 Mobile Wallet and its derivative services are governed by separate terms of service. You are solely responsible for understanding and complying with applicable local laws and regulations.
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