Author: OKX Web3
The Centralization and Decentralization of the Cryptocurrency Industry are Striking a Balance: Centralized platforms provide convenient trading access and higher security, while decentralized wallets offer unified on-chain access and greater privacy, thus more comprehensively meeting user needs.
Cryptocurrency wallets are becoming an important form of decentralized applications. According to the "Crypto Wallet Market Outlook 2023" report, the global cryptocurrency wallet market reached $8 billion in 2023 and is expected to continue growing at a compound annual growth rate (CAGR) of 24.2% to surpass $20 billion by 2028. Additionally, according to Statista, the number of global cryptocurrency wallet users exceeded 50 million in 2024, a growth of over 200% from 2020.
Among them, the user base of cryptocurrency mobile wallets is continuously expanding due to their higher convenience, and they may become "Web3 super applications." As of now, the usage rate of mobile wallets accounts for over 60%, and the daily average cryptocurrency transaction volume has grown from $100 million in 2020 to over $1 billion in 2024, with an annual growth rate of approximately 85%. In terms of applications, according to DappRadar data, over 70% of NFT transactions are completed through mobile wallets, and about 65% of DeFi users rely on mobile wallets for transactions and staking.
In recent years, mobile wallets have undergone rapid evolution, transitioning from simple cryptocurrency storage tools to comprehensive platforms supporting DeFi, NFT trading, cross-chain functionality, and other complex features. As a leading one-stop Web3 gateway, Invisible Infrastructure Issue 06 will focus on the OKX Web3 mobile wallet (hereinafter referred to as "OKX Web3 mobile wallet"), delving into the product development and understanding of the OKX Web3 mobile wallet team through dialogue, with the hope of helping users better understand and use mobile wallets.
What User Pain Points, Product Vision, and Market Positioning Does the OKX Web3 Mobile Wallet Address?
OKX Web3: The OKX Web3 mobile wallet is a multifunctional Web3 wallet that integrates security, convenience, and ease of use, offering features such as wallet aggregation, swap trading, NFT marketplace, and DApp browser. It caters to various Web3 needs, including secure asset storage, trading, and on-chain interactions. We are committed to enabling every user to seamlessly enter the decentralized Web3 ecosystem and experience the limitless possibilities of the crypto world. Our vision is to become a "one-stop" solution in the Web3 ecosystem, providing users with a seamless and secure experience when participating in various decentralized world activities. For example,
1) In terms of security: We ensure the highest level of protection for users' encrypted assets during storage and transactions through measures such as multi-signature and hardware wallets.
2) In terms of convenience: Users can manage assets, trade, purchase NFTs, and access DApps on a single platform without the need to switch applications frequently, enjoying a one-stop convenient experience.
3) In terms of ease of use: Both beginners and experienced users can easily manage assets, conduct transactions, and stake through our wallet's intuitive interface and simplified operational processes.
In summary, the positioning of the OKX Web3 mobile wallet can be summarized in three key words: Web3 mobile gateway, toolbox for Web3 enthusiasts, and one-stop Web3 ecosystem solution.
First, unlike plugin wallets that mainly rely on PC dashboard operations, the OKX Web3 mobile wallet is positioned as the Web3 gateway for mobile devices, targeting an increasing number of mobile-first users to help them access the Web3 world conveniently anytime, anywhere. Secondly, the OKX Web3 mobile wallet also serves as a toolbox for Web3 enthusiasts, integrating various functions such as asset management, trading, NFT marketplace, and DApp browsing to not only meet basic encrypted storage needs but also provide a comprehensive Web3 operating platform to meet users' comprehensive on-chain needs. Finally, we also position ourselves as a one-stop Web3 ecosystem solution, providing a multifunctional solution that covers the entire chain for users who wish to deeply participate in DeFi, NFT, and other blockchain activities, reducing the complexity of operations across multiple platforms and enhancing operational efficiency and experience.
Latest Product Developments
OKX Web3: In order to further enhance user experience, we have upgraded and iterated on multiple business lines of the product, making the operational processes smoother and the functionality richer. Some of the upgrades include:
1) Comprehensive UI upgrade: The newly designed product interface provides a smoother user experience. We have greatly simplified processes such as asset management, token exchange, and DApp exploration, providing users with a secure and efficient entry to a diverse on-chain ecosystem.
2) App Connect protocol upgrade: For Telegram Mini App that supports App Connect, users can directly invoke the OKX Web3 mobile wallet to sign and trade, smoothly complete DApp interactions, and enjoy a more convenient experience.
3) Token discovery page upgrade: Our new token page allows users to explore over 1 million different types of tokens, covering popular meme coins on networks such as Solana, Base, and BNB. By supporting customized sorting options, users can quickly find new trading opportunities. Currently, the DEX aggregator of the OKX Web3 mobile wallet adds approximately 120,000 tokens per week.
4) Marketplace upgrade: By simplifying the user experience, users can better discover and easily trade over 3 million digital collectibles, including emerging assets such as inscriptions and runes in the Bitcoin ecosystem. The optimized interface can more comprehensively adapt to both new and existing users.
5) DEX aggregator upgrade: Our DEX aggregator provides industry-leading quote response times and transaction speeds, retrieving and aggregating quotes from nearly 500 decentralized exchanges in approximately 50 milliseconds on average, providing users with a first-class trading experience.
6) Navigation page upgrade: The new classification structure makes the product experience more intuitive. For example, users can easily access a massive number of third-party DApps in the "Discover" section, greatly improving exploration efficiency and convenience.
Users can update the OKX app to the latest version to immediately experience the above features.
How to Quickly Respond to User Needs and Market Trends? And How to Maintain Leadership in a Rapidly Changing Industry?
OKX Web3: In responding to user needs and market trends, we have established an efficient market trend response mechanism to ensure that the OKX Web3 mobile wallet can quickly capture and adapt to market dynamics. Whether it's the release of new public chains, the rise of DeFi protocols, or the popularity of meme tokens, the OKX Web3 mobile wallet will quickly integrate these emerging features and services after conducting investigations and evaluations. In addition, through close cooperation with popular protocols or early support for emerging chains, we provide users with a diverse and rich Web3 ecosystem, helping them easily participate in and experience the latest on-chain innovations at the forefront of the industry.
Furthermore, to maintain leadership in a rapidly changing industry, we have achieved: forward-looking layout of Web3 cutting-edge technologies, promotion of coordinated development in multi-chain ecosystems, and multi-channel collection of user feedback.
In the forward-looking layout of Web3 cutting-edge technologies: We are not just followers in the market but also drivers of innovation. The OKX Web3 mobile wallet maintains close communication with the global developer community and establishes deep cooperation with cutting-edge DApps and protocols, ensuring that we can provide users with cutting-edge features and rich resources. This close cooperation enables us to remain competitive and continuously upgrade the user experience.
In promoting coordinated development in multi-chain ecosystems: The OKX Web3 mobile wallet is committed to breaking down barriers between chains, creating a unified user experience through cross-chain interoperability, liquidity aggregation, developer support, and other means, allowing users to enjoy a more convenient multi-chain asset management experience. At the same time, we promote the mutual prosperity of various chain ecosystems, enhance interaction between users and projects, and drive the overall development of the Web3 ecosystem.
In Collecting User Feedback from Multiple Channels:
We highly value user feedback and are able to quickly gather user needs and suggestions through various channels such as built-in feedback systems, social media interactions, and community operations. Based on user feedback, the OKX Web3 mobile wallet is community-driven, prioritizing the development of features that users urgently need, ensuring that we are always at the forefront of meeting user needs and enhancing user engagement and satisfaction. Through these measures, the OKX Web3 mobile wallet not only can quickly respond to market changes but also can continuously lead industry development through technological innovation, ecosystem collaboration, and user feedback.
What Technological Measures Have Been Taken to Protect User Asset Security?
OKX Web3: In terms of protecting user asset security, we have implemented multiple layers of technological measures to ensure that users are in a secure environment. The key protection measures include:
1) Detection of Malicious DApps: Some DApps may pose phishing or malicious transaction risks, potentially leading users to unknowingly sign malicious transactions and suffer asset losses. To prevent this, the OKX Web3 mobile wallet has introduced "domain risk detection" services. When users access potential malicious DApps, the system will automatically display a warning window, clearly alerting users to the potential risks of the website, helping users avoid potential dangerous operations in a timely manner.
2) Pre-transaction Risk Interception: Before users sign transactions, the OKX Web3 mobile wallet will automatically execute "pre-transaction risk detection." If potential threats such as risky addresses, Ethsign risk signatures, authorization of external accounts (EOA), or zero-value purchases are detected in the transaction, the system will display a risk prompt on the signing page, reminding users of potential security threats. This effectively prevents users from unknowingly signing high-risk transactions, reducing the potential for fund loss.
3) Authorization Risk Reminder: If users have potential authorization risks, the OKX Web3 mobile wallet will prominently remind them on the homepage. Users can follow the prompts to access the web page, view, and manage these authorizations to ensure the security of their assets.
4) Risk Filtering in Transaction History: Users' transaction history may be contaminated by activities such as spam airdrops and similar address attacks, leading to users being induced to participate in phishing transactions and suffer asset losses. To address this issue, the OKX Web3 mobile wallet identifies transactions involving these risks and defaults to hiding risky transactions for users, preventing users from accidentally clicking or executing unsafe operations, helping users reduce the risk of being maliciously guided from the source.
Through these technological measures, we aim to provide users with a safer and more reliable on-chain operating environment, effectively protecting user asset security.
Future Plans for the OKX Web3 Mobile Wallet
OKX Web3: In the future, the OKX Web3 mobile wallet will further accelerate technological innovation and product iteration through close cooperation with the global developer community, continuously driving the upgrade of wallet functions. Through these innovations, we are committed to simplifying complex blockchain operations, reducing the learning curve and the risk of misoperations for users, helping new users quickly get started, and enabling every user to efficiently and conveniently utilize the powerful functions of the wallet.
Additionally, the OKX Web3 mobile wallet aims to provide users with a one-stop Web3 gateway, offering instant and accurate Web3 industry information through diverse channels and rich display formats, creating a comprehensive Web3 ecosystem gateway. Users will not only be able to conveniently discover the latest projects and industry trends but also gain in-depth insights into the cutting-edge trends in the blockchain ecosystem. Overall, we are committed to creating a comprehensive Web3 ecosystem platform, making the OKX Web3 mobile wallet the preferred platform for users to explore and participate in the Web3 world.
Outlook on the Development Trends of Cryptocurrency Wallets
OKX Web3: The frequently discussed topic is that the Web3 world has not yet seen a super application like WeChat and Alipay in Web2, but in reality, multiple projects are moving in this direction, gradually integrating various functions so that users can participate in various aspects of the Web3 ecosystem through a single platform. Although the decentralized nature of Web3 makes it difficult to completely replicate the model of a single "super application" in Web2, some platforms are exploring this concept, gradually forming the embryonic form of a Web3 version of a super application through the aggregation of various services and tools.
Cryptocurrency mobile wallets have the potential to become "Web3 super applications" due to their critical role as the key entry point to the decentralized world, providing a one-stop solution, a mobile experience anytime, anywhere, multi-chain support, cross-chain interoperability, and serving as a core hub for DeFi, meeting a wide range of user needs in the Web3 ecosystem. This comprehensive integration of functions and convenience gives them tremendous potential to become "Web3 super applications."
As technology continues to innovate and daily applications expand, mobile wallets will become more convenient and practical, driving user adoption to new heights.
Disclaimer
This content is for reference only and should not be considered (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 mobile 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.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
