Ask a question: As a Web3 user, do you often use a plugin wallet or a mobile wallet?
More and more similarities are being discovered between the internet and the cryptocurrency industry.
As if replicating the process of the internet from the PC side to the mobile side, since the rise of blockchain and decentralized technology, the early interaction in the cryptocurrency industry also started with browser plugin wallets on the PC side and gradually merged with the development of mobile wallets. In the early stages of the industry, the emergence of plugin wallets broke the technological barriers for users to interact with the blockchain, allowing ordinary users to use blockchain applications without writing code and quickly becoming an important tool for users to enter the decentralized world.
The representative of the early plugin wallet is MetaMask, launched in 2016, which became the first plugin wallet that allowed users to directly connect to the Ethereum blockchain through a browser. In addition, with the development of Web3 applications such as DeFi, NFT, and GameFi, the demand for plugin wallets from users has continued to evolve. In 2021, with the launch of the new generation of Web3 wallets represented by OKX Web3 plugin wallet, it has begun to lead the functionality of plugin wallets from simple asset storage and transfers to supporting multi-chain, cross-chain, DApp connections, NFT management, and integrated DeFi services, and has quickly accumulated a large number of users due to its user-friendly operation experience.
As a Web3 wallet that unifies the three ends of App, plugin, and webpage, Invisible Infrastructure 05 will focus on the OKX Web3 plugin, and through dialogue, deeply explore the product thinking and design of the OKX Web3 plugin wallet team, hoping to help users better adapt to their needs for Web3 plugin wallets.
Share a few highlights of the functionality
OKX Web3: Yes, the OKX Web3 plugin wallet has many practical functions, and we can simply list a few:
First, batch tools
We have designed a comprehensive set of batch operation tools, covering the entire process management from account import, creation, renaming, transfer to export, aiming to provide users with efficient and convenient account management solutions. It is especially suitable for users who need to manage a large number of accounts and perform cross-chain operations, helping them achieve more efficient asset management and operations.
For example, users can use a simple one-click operation to batch create up to 500 accounts and flexibly choose one-to-many, many-to-one, or many-to-many transfer modes, greatly meeting the needs of large-scale account management and transactions, improving operational efficiency. Currently, the batch transfer function supports multiple mainstream public chains, including EVM chains, Solana, SUI, Aptos, and TON, allowing users to transfer more conveniently in a multi-chain environment.
Furthermore, the OKX Web3 plugin wallet also provides more efficient and convenient Fractal Bitcoin engraving tools and Runes split-merge tools for Bitcoin users, improving users' trading experience with Bitcoin ecological inscriptions.
Second, multi-chain DeFi dashboard
The OKX Web3 plugin wallet has pioneered the support of a multi-chain DeFi dashboard, allowing users to manage DeFi activities and assets on different chains in one interface, helping users track their trading portfolios in real-time and manage them flexibly.
Third, "RPC mode" for professional users
Professional users typically need to improve network performance through custom nodes, and the OKX Web3 plugin wallet supports adding multiple RPCs on the same network, enabling intelligent switching and load balancing of nodes on the network, ensuring smooth operations in case of network congestion or node failures. This not only greatly improves user flexibility but also allows them to optimize the speed and stability of on-chain interactions according to specific needs. The addition of this feature provides more customized choices for professional users with higher requirements for on-chain performance, allowing them to enjoy a more optimized on-chain experience in different scenarios.
Overall, the core design of these features is to improve user efficiency and experience, especially for users managing assets on multiple chains. The batch operation tools significantly reduce repetitive work, saving users time in both account management and multi-chain transfers. The multi-chain DeFi dashboard solves the problem of users switching assets on different chains, and the unified interface allows them to have a clear view of their asset status. The "RPC mode" particularly optimizes network response speed for professional users, enhancing the overall experience, especially when high-frequency trading or running complex smart contracts, making this feature crucial.
Three core characteristics of Web3 plugin wallets
OKX Web3: The three core characteristics of Web3 plugin wallets can be summarized as "fast," "comprehensive," and "deep," which allow the OKX Web3 plugin wallet to stand out in a competitive market:
First, fast: Our wallet can quickly access hot protocols, ensuring that users can experience the latest Web3 applications and hot projects in the first place, thanks to efficient audit processes and powerful underlying technology. The wallet also ensures fast and smooth operations through lightweight design, providing users with a better experience when exploring hotspots.
Second, comprehensive: At the tool level, the OKX Web3 plugin wallet provides one-stop services, integrating various functions required by Web3. Users can complete complex on-chain operations without additional tools, from asset management to protocol interactions, fully meeting users' needs and seamlessly integrating plugin and Web3 functionality.
Third, deep: Our wallet is not only a tool but also an interactive entry point for on-chain operations. For example, it supports innovative features such as Blinks, allowing users to participate more deeply and conveniently in the Web3 ecosystem, further enhancing the user experience. This not only allows the OKX Web3 plugin wallet to quickly respond to market demands but also provides comprehensive tool support and deep user experience.
What are your latest developments and dynamics
OKX Web3: While continuously meeting the needs of professional users, the plugin wallet also continues to add more user-friendly features to ensure that users at different levels can have a better user experience.
In terms of professional user features, the plugin wallet has introduced the "Sidebar mode," significantly improving the interaction speed and richness of information display for professional users. Leveraging the underlying technology of the OKX Web3 wallet, we provide a multi-chain DeFi dashboard for DeFi users, covering not only EVM chains but also heterogeneous chains such as Solana, SEI, Aptos, and SUI, helping users efficiently manage encrypted assets.
At the same time, we attach great importance to the experience of novice users. The OKX Web3 plugin wallet will introduce a "Security mode," providing novice users with whitelist transfer functions and DApp interaction mechanisms to avoid operational errors and the risk of private key leakage. In addition, we have comprehensively optimized the onboarding process, added personalized DApp recommendations, and provided more easily understandable tutorials to help novice users quickly get started and easily enter the Web3 world.
Are there any differences in serving users as a Web3 wallet that unifies the three ends?
OKX Web3: Different types of Web3 wallets provide unique experiences based on users' usage habits and needs. Plugin wallets, mobile wallets, and web wallets each have their own focus:
1) Plugin wallets are mainly aimed at professional users, such as DeFi farmers, airdrop hunters, traders, etc., making it convenient to interact directly with DApps within the browser, suitable for scenarios that frequently use DeFi and NFT. Users can also customize nodes, manage multi-chain assets, and support complex cross-chain operations, and more.
2) Mobile wallets focus on portability, with user-friendly interface designs, more suitable for novice users and users who need to manage assets anytime and anywhere, with simple and flexible operations, and comprehensive functionality and security, suitable for users with demands for multi-device compatibility and deeper functionality.
3) Web wallets are mostly used as information display dashboards, usually without actual asset management functionality, and are more used for monitoring and viewing on-chain data.
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Recent innovations in Web3 wallets
OKX Web3: Plugin wallets need to run on browsers or clients, such as Chrome browser or Telegram. The integration with browsers and clients brings rich opportunities for innovation to plugin wallets, such as the recent launch of Blink and Sidebar. These innovations not only enhance user interaction experience but also expand the application scenarios of plugin wallets, helping users achieve a better balance between convenience and functionality expansion.
Solana Blinks is an innovation on the Solana chain, which transforms on-chain operations into shareable interactive links. These "Blinks" allow users to directly conduct blockchain transactions on social media or other websites without leaving the current platform, such as voting, minting, exchanging, or payments. For example, users can embed a Blink link in a social media post, and others can click to buy NFTs, stake tokens, and more without redirecting to other dApps. When users click on a Blink, a Solana-compatible wallet will automatically interpret the operation, and users can approve and complete the transaction. This greatly simplifies complex blockchain interactions, making it as simple as clicking a link. By integrating blockchain functionality into common Web2 platforms, Blinks successfully bridge the gap between Web2 and Web3, providing a more user-friendly encrypted transaction experience. In the future, Blinks may also support cross-chain functionality, further enhancing its practicality.
The Sidebar feature of Web3 wallets is a user interface design, usually located in the sidebar of the wallet plugin or application, used to display user on-chain assets and real-time data. In professional user scenarios, Sidebar provides more visual information and interactive operations, such as displaying account balances, transaction records, on-chain assets, DeFi trading portfolios, etc., allowing users to quickly access important data and operation options when interacting with dApps.
Optimizations in interface design for new users
OKX Web3: We have made several optimizations to improve the experience for new users, and here are two examples:
1) Simplified user interface: The OKX Web3 plugin wallet adopts an intuitive and clean interface design, greatly reducing the technical barriers. The layout is clear, with core functions such as sending, receiving, and viewing assets easily accessible, avoiding the use of complex technical terms or Web3 jargon. This design is particularly aimed at new users, allowing them to understand and operate more quickly, reducing confusion due to unfamiliarity with blockchain technology.
2) Intelligent risk alerts and optimizations: To ensure the security of new users' assets, we have introduced intelligent risk alert features. The wallet automatically detects and alerts users to potential malicious contracts or high-risk operations, helping users reduce unnecessary losses. In addition, during the transaction process, the system automatically selects optimal gas fees, simplifying the manual adjustment steps and making transactions more efficient and convenient.
In fact, these improvements not only enhance the usability of the wallet but also help new users have a smoother experience while ensuring asset security and operational efficiency.
Key measures to protect user asset security
OKX Web3: The current OKX Web3 plugin wallet has implemented security protection in the following areas:
First, malicious DApp detection
Some DApps may pose phishing risks, and users may be induced to sign malicious transactions during use, leading to fund losses. To prevent this, the OKX Web3 plugin wallet provides domain risk detection services. When users access potential malicious DApps, the system automatically pops up a warning window, clearly informing users of the risks on the website, helping users avoid dangerous operations in a timely manner.
Second, pre-transaction risk interception
The OKX Web3 wallet automatically performs pre-transaction risk detection before users sign transactions. If the transaction involves risky addresses, Ethsign risk signatures, authorization of external accounts (EOA), or zero-value purchases, the system will display a risk prompt on the signing page, reminding users of potential security threats. This effectively prevents users from signing high-risk transactions unknowingly.
Third, risk authorization reminders
If users have potential risk authorizations, the OKX Web3 plugin wallet prominently reminds them on the homepage. Users can follow the prompts to view and manage these authorizations, ensuring the security of their assets.
Fourth, risk filtering in transaction history
Users' transaction history records may be contaminated due to spam airdrops, similar address attacks, etc., leading to users being induced to participate in phishing transactions and causing asset losses. To address this issue, the OKX Web3 plugin wallet identifies transactions involving these risks and hides risky transactions by default, helping users avoid being maliciously guided from the source.
These optimizations not only enhance the user experience but also greatly enhance the security of the wallet, providing users with a safer on-chain operating environment. Through multi-level risk detection and alert mechanisms, the OKX Web3 plugin wallet effectively protects user asset security.
How to support multiple chains?
OKX Web3: Different blockchains have built a thriving ecosystem, but they also bring inconvenience to users in managing cross-chain assets. The OKX Web3 wallet actively addresses these challenges, conducting in-depth research and rapid integration for every new heterogeneous chain, allowing users to seamlessly manage multi-chain assets. Through the original "Aggregated Currency" and "Chain Filtering" features, users can easily manage assets on different chains, simplifying the complexity of multi-chain interactions.
Different chains often have compatibility issues. The OKX Web3 wallet addresses this by designing clear and intuitive interaction interfaces in various scenarios, helping users quickly differentiate and handle operational needs on different chains. This not only enhances the user experience of multi-chain management but also provides users with more flexibility and control.
Through these innovations, the wallet has already achieved the first step of "chain abstraction," further simplifying the process of managing multi-chain assets and providing users with a more unified and efficient multi-chain solution.
How to maintain competitiveness in the rapidly evolving Web3 market? And future innovation directions
OKX Web3: The core of maintaining competitiveness lies in deeply understanding user needs, anticipating their potential interests, and even proactively guiding them to explore new possibilities before they are aware of their own needs. In the future, the innovation direction of the OKX Web3 plugin wallet will focus on the following aspects:
First, providing intelligent experiences through AI integration: The OKX Web3 plugin wallet will deeply integrate with AI technology to provide personalized recommendations to users. Based on user preferences, historical operations, and market trends, it will intelligently recommend suitable projects and features, helping users discover interesting hotspots and stay at the forefront of Web3 innovation.
Second, breaking through browser limitations: The OKX Web3 plugin wallet will not be limited to usage scenarios within browsers and may expand to other display forms in the future, providing a more diverse user experience and interaction methods. This cross-platform expansion will enable users to easily manage and use their Web3 assets in a wider range of scenarios.
Third, continuous innovation close to users: We will continue to listen to user feedback and closely iterate updates based on user needs. Through continuous user research and community interaction, we will ensure that the wallet's development direction is always aligned with user expectations, creating a more personalized and user-friendly product.
Future Web3 ecosystem will become more complex and diverse, and OKX Web3 plugin wallet will continuously enhance user experience and maintain its leading position in the industry through technological innovation and user-oriented strategies.
Future development trends of Web3 plugin wallets?
OKX Web3: Plugin wallets are not just a tool; their future development direction is to become a platform for users to explore the Web3 world. The core goal is to help OKX Web3 wallet users access precise Web3 industry information in real-time by integrating different channels and display formats. This way, the plugin wallet will not be limited to asset management but will also become a comprehensive entry point to the Web3 ecosystem, helping users easily explore the latest projects and trends.
Through this platform-oriented transformation, users will no longer need to switch between multiple platforms frequently, greatly simplifying the complexity of cross-platform operations and improving overall operational smoothness and efficiency. In the future, the plugin wallet will not only be a tool but also an information integration and intelligent Web3 navigation platform, helping users fully grasp market dynamics and further enhancing its importance in the Web3 ecosystem.
Disclaimer
This content is for reference 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 such information. Digital assets (including stablecoins and NFTs) are subject to market fluctuations, involve high risks, 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. For your specific situation, please consult your legal/tax/investment professionals. 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 wallet and its derivative services are governed by separate terms of service. You are responsible for understanding and complying with applicable local laws and regulations.
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