Redesigning trading, how does the OKX Web3 wallet become the new standard for future trading tools?

In the epic poem "The Odyssey" by Homer, the protagonist Odysseus said to his crew during their adventure, "We must take risks, go to distant places to seek, and see if adventure and knowledge can turn into flowers and fruits." The evolution of the Web3 wallet is like Odysseus's seafaring adventure, constantly exploring the digital world of tomorrow through continuous updates and technological breakthroughs.

Early versions of Web3 wallets were mainly focused on asset management and trading functions. With the development of on-chain applications such as DeFi, they gradually added more complex functions such as cross-chain transactions, smart contract execution, and DApp integration. They have now evolved into comprehensive platforms with advanced features such as smart trading, MEV protection, and real-time market data analysis, creating more open and inclusive financial tools for global users.

However, regardless of how Web3 wallet functions evolve, users' ultimate exploration behavior will always come down to trading, so the pricing and experience of Web3 wallet trading directly determine its competitiveness in the market. As OKX's flagship product, the OKX Web3 wallet's trading section is gaining a larger market share with its optimal trading pricing strategy and user-friendly trading experience.

The seemingly consistent and minimalistic Swap and cross-chain sections of the OKX Web3 wallet conceal the continuous innovation and iteration of its technical team in algorithms, liquidity pool management, APIs, and the forward-looking layout of future smart trading tools. From here, users can search and conduct borderless transactions.

Minimizing Trading Costs

Small Transactions (Swap)

Representatives of small transaction users, such as novice users, MEME users, and casual users, are among the most important core forces in the crypto market. Small transaction users conduct relatively small transactions and can tolerate significant price fluctuations and market risks. They actively participate in communities and discussion platforms, share trading strategies and market insights, and gather information and advice from other traders. These characteristics and behavioral patterns collectively outline the clear demands of small transaction users for Web3 wallet trading functions.

Since small transactions may involve tokens with relatively small market values or short-term price changes, the amounts involved usually range from tens to hundreds of US dollars. They often seek quick execution and the best prices, prioritize low costs and fees, and engage in new projects and trading pairs, willing to seek higher investment returns and value discovery while taking on higher risks.

The OKX Web3 wallet trading section is very user-friendly for small transaction users and provides optimal pricing.

First, completely free and ultimate experience. When users conduct transactions on the OKX Web3 wallet, they enjoy zero transaction service fees, greatly reducing trading costs and enhancing the trading experience. In addition, the OKX Web3 trading section is equipped with rich features such as market boards, limit orders, and KYT security checks, fully meeting users' trading needs.

Second, optimal pricing and personalized choices. The OKX Web3 wallet trading section now aggregates 25+ cross-chains, 30+ public chains, 400+ DEX, and 300K+ tokens. By optimizing cross-chain algorithms, it compares gas fees and cross-chain bridge fees comprehensively to select the best cross-chain path for users, providing optimal pricing. At the same time, it also provides users with transaction paths based on three dimensions: comprehensive optimal, most quantity, and shortest time, offering personalized choices.

Third, massive information and the latest market dynamics. The OKX Web3 trading section also provides users with a wealth of trading information and the latest market opportunities. It supports 30+ chains and 300K+ tokens, integrates currency data from 25+ chains, and monitors liquidity in real-time to ensure access to the latest market conditions.

To better serve small transaction users, the OKX Web3 trading section optimizes the user interface to make it more intuitive and easy to operate, simplifies the trading process, and improves response speed. It also optimizes the mobile application, allowing users to trade anytime, anywhere, and enjoy a convenient trading experience. Additionally, it optimizes security and privacy to ensure the safety of user assets, trading data, and personal privacy. Furthermore, it optimizes the number and diversity of liquidity pools, introducing more liquidity providers and increasing the variety of liquidity pools to ensure that users can obtain the best prices in small transactions across different token pairs.

Large Transactions (Swap)

Large transaction users typically conduct higher-value transactions, ranging from thousands to millions of US dollars. They are usually institutional investors, large fund holders, or individual whales. Compared to small transaction users, large transaction users have lower trading frequency and higher sensitivity to risks. They tend to engage in strategic or long-term investments rather than frequent short-term trading.

For large transaction users, first, they are very concerned about the execution price and cost of transactions and usually choose DEX platforms that can provide the best execution prices and minimal price slippage. Second, large transaction users require ample market depth and high-quality liquidity to complete large transactions without affecting market prices. Finally, due to the large transaction amounts, large transaction users have extremely high requirements for the privacy and security of transactions. They typically choose DEX platforms that provide strong security measures and privacy protection to execute transactions.

Only a powerful wallet like OKX Web3 can meet the complex trading needs and specific market conditions of large transaction users, especially through the intelligent price comparison feature, automatically recommending the best price path for users.

First, intelligent order splitting technology. For large orders, the OKX Web3 wallet trading section uses intelligent order splitting technology to automatically divide orders into multiple smaller orders and execute them in different liquidity pools. This is achieved through X Routing intelligent routing, allowing a single transaction to use multiple DEX simultaneously to obtain the best comprehensive price.

Second, MEV protection mechanism. Leveraging Flashbots and Blocknative technology, the OKX Web3 wallet can protect large transaction users from MEV attacks, ensuring the security and fairness of transactions.

Third, liquidity pool selection and display. The OKX Web3 wallet displays the sources of liquidity pools for large transaction users and supports manual selection of liquidity pools, increasing transparency and control over transactions.

Fourth, Snap Intent Mode intelligent price comparison feature. The OKX Web3 wallet introduces the on-chain aggregation liquidity and Snap Intent Mode intelligent price comparison feature, automatically recommending the best price path for large transaction users. The OKX Web3 wallet aggregates a wider range of liquidity through UniswapX, allowing users to interact directly with market makers to exchange tokens on Ethereum more quickly and intuitively, without paying any gas fees. Especially for transactions exceeding 10,000U, users can often obtain more favorable pricing.

Through Snap Intent Mode, the OKX Web3 wallet enables faster triggering, automated execution, and intelligent matching of large user orders, improving market liquidity. Especially in times of significant market fluctuations or large trading volumes, intent trading can respond to market changes more quickly, obtaining better execution prices and optimizing the efficiency of large transactions.

Intent trading, as an automated and intelligent trading strategy, has a significant positive impact on the market liquidity and trading efficiency of both DEX and CEX platforms. With the advancement of blockchain technology and the expansion of smart contract applications, intent trading is expected to be more widely used in the cryptocurrency trading market in the future, providing users with a higher-quality trading experience.

Maximizing Trading Experience

In addition to the high-quality Swap trading experience, the OKX Web3 wallet also provides users with a seamless cross-chain trading experience.

Cross-chain technology allows users to transfer and exchange assets between different blockchain networks, expanding the interoperability and flexibility of the cryptocurrency market. For trading platforms, the application of cross-chain technology can significantly enhance the trading experience and market participation.

OKX Web3 Wallet Trading Section Provides Cross-Chain Functionality, Now Supporting 23 Chains and Aggregating 27 Cross-Chain Bridges, Including EVM and Non-EVM Chains, Providing Users with a Wider Range of Asset Exchange Options. For Non-EVM Chains, These Chains Typically Have Different Smart Contracts and Trading Mechanisms. The OKX Web3 Wallet Provides Strong Cross-Chain Support for Solana and BTC Networks, Leading the Industry. Through the cross-chain functionality of the OKX Web3 wallet, users can choose cross-chain bridges according to their needs and preferences, exchanging any token from one chain to another, greatly simplifying the trading process to optimize the trading experience and cost-effectiveness.

The current cross-chain service of the OKX Web3 wallet is completely free, allowing users to efficiently and cost-effectively transfer and exchange assets between supported chains, reducing trading costs and enhancing the economic efficiency and variety of tradable assets. With the continuous optimization and innovation of cross-chain capabilities in the OKX Web3 wallet, driven by the ongoing development of blockchain technology and growing market demand, users will have more choices and a better trading experience, as well as more open and efficient financial services.

Redefining Trading

The development of cryptocurrency wallet trading functionality is not just a competition of technology and features, but also a demonstration of user experience and market adaptability. Different cryptocurrency wallets have their unique characteristics and applicable scenarios in terms of trading functionality. The OKX Web3 wallet is an important gateway and support platform for users to enter the decentralized financial world, committed to providing users with an efficient, secure, and low-cost trading environment. Its continuous innovation and user-oriented design demonstrate unique advantages in minimizing trading costs and maximizing the trading experience, making it the new standard for future trading tools.

Especially in terms of trading costs, the OKX Web3 wallet adopts a zero-fee strategy, not only reducing users' trading costs but also encouraging more frequent trading activities. Its user-friendly interface design and simplified operational processes enable even novice users to easily get started and complete transactions quickly. Its new intent trading and cross-chain technological developments continuously improve user trading efficiency and costs.

The continuous evolution of mainstream cryptocurrency wallets in trading functionality reflects the progress of blockchain technology and digital asset management. In the future, as blockchain technology and the cryptocurrency market mature further, the trading functionality of cryptocurrency wallets will continue to evolve towards intelligence, efficiency, and user-friendliness. Its continuous innovation in asset management, trade execution, and financial services will make important contributions to the development of the global digital economy and financial inclusiveness.

As of May 2024, the global population is around 8 billion, while the number of cryptocurrency users is only around 400 million. This means that as a key node connecting individuals and the global financial network, cryptocurrency wallets will continue to play their irreplaceable role and become the trusted choice for digital asset holders.

In "The Odyssey," it was said, "People are born to pursue freedom."

And every Web3 wallet holds the hope of the future and greater freedom.

Disclaimer:

The information provided in this article and related services is for reference only and should not be construed as (i) investment advice, trading advice, or investment recommendations; (ii) an offer or invitation to buy or sell digital assets; or (iii) financial, accounting, legal, or tax advice. OKX does not guarantee the accuracy, completeness, or usefulness of such information. Digital assets (including stablecoins and NFTs) involve high risks and may depreciate or become worthless. Digital assets are not insured. Past performance does not guarantee future results. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation, investment objectives, experience, and risk tolerance. For your specific situation, please consult your legal, tax, and investment professionals. Please be responsible for understanding and complying with applicable local laws and regulations.

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