OKX Web3 Wallet: Minimize transaction costs and maximize transaction experience

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欧易OKX
5 days ago
This article is approximately 2004 words,and reading the entire article takes about 3 minutes
Redefining transactions, how will OKX Web3 wallet become the new standard for future transaction tools?

Ulysses, the protagonist of Homers epic poem The Odyssey, said to his crew members during his adventure: We must take such risks and go to distant places to see if adventure and knowledge can be transformed into flowers and fruits. The evolution of Web3 wallets is like Ulysses sailing adventure, exploring tomorrows digital world through continuous updates and technological leaps.

Most of the early versions of Web3 wallets were dedicated to asset management and trading functions. Later, with the development of on-chain applications such as DeFi, more complex functions such as cross-chain transactions, smart contract execution and DApp integration were gradually added. It is currently upgraded to a comprehensive platform with advanced functions such as smart transactions, MEV protection and real-time market data analysis, creating more open and inclusive financial tools for global users.

However, no matter how the Web3 wallet functions evolve, users ultimate exploration behavior will fall on transactions, so the Web3 wallet transaction quotes and experience directly determine its competitiveness in the market. As OKXs flagship product, the OKX Web3 wallet transaction section is winning greater market competition with its optimal transaction quote strategy and user-friendly transaction experience.

The seemingly consistent minimalist Swap and cross-chain sections of the OKX Web3 wallet hide the continuous innovation and iteration of its technical team in algorithms, liquidity pool management, API, etc., as well as the foresighted layout of future smart trading tools. From here, you can search and conduct unbounded transactions.

Minimize transaction costs

Small Transactions (Swap)

Novice users, MEME users, and scalping users are representatives of small-amount users and one of the most important core forces in the crypto market. Small-amount users have relatively small transaction amounts per transaction, but can tolerate larger price fluctuations and market risks. They often actively participate in communities and communication platforms, share trading strategies and market insights, and obtain information and advice from other traders. These characteristics and behavior patterns together depict the clear demands of small-amount users for Web3 wallet transaction functions.

Since small transactions may involve tokens with smaller market capitalizations or short-term value changes, the amounts traded by small transaction users are usually between tens and hundreds of dollars. They tend to seek fast execution and best prices, focus on low costs and fees, and get involved in new projects and trading pairs. They are willing to seek higher investment returns and value discovery at the expense of higher risks.

The OKX Web3 wallet trading section is very friendly to small users and provides the best quotes.

First, it is completely free and provides an ultimate experience. When users trade in the OKX Web3 wallet, they enjoy 0 transaction service fees, which greatly reduces transaction costs and improves the transaction experience. In addition, the OKX Web3 trading section is also equipped with a variety of functions such as market sections, limit orders, KYT security detection, etc., which fully meet the transaction needs of users.

Second, the best quote and personalized choice. The OKX Web3 wallet trading section now aggregates 25+ cross-chains, 30+ public chains, 400+ DEXs, and 300 K+ Tokens. It optimizes the cross-chain algorithm, conducts a comprehensive comparison of gas fees and cross-chain bridge fees to select the best cross-chain path, thereby providing users with the best quote. At the same time, it also provides trading paths for all available cross-chain bridges based on the three dimensions of comprehensive best, largest number, and shortest time, providing users with personalized choices.

Third, massive information and the latest market trends. The OKX Web3 trading section also provides users with massive trading information and the latest market opportunities: on the one hand, it supports 30+ chains and 300 K+ tokens, and on the other hand, it integrates currency data from 25+ chains and monitors liquidity in real time to ensure the latest market conditions.

To better serve small users, the OKX Web3 trading section optimizes the user interface to make it more intuitive and easy to operate, simplify the transaction process and improve response speed; optimizes mobile applications so that users can trade anytime, anywhere and enjoy a convenient trading experience; optimizes security and privacy to ensure the security of user assets, transaction data and personal privacy; and optimizes the number and diversity of liquidity pools, introduces more liquidity providers and increases the types of liquidity pools to ensure that users can get the best prices in small transactions of different token pairs.

Large Transactions (Swap)

The amount of each transaction of large-volume traders is usually high, which can reach thousands or even millions of dollars. They are usually institutional investors, large fund holders or individual whales. Compared with small-volume traders, large-volume traders have lower transaction frequency and higher risk sensitivity. They are more inclined to make strategic or long-term investments rather than frequent short-term transactions.

For large-volume traders, first of all, they are very concerned about the execution price and cost of the transaction, and usually choose DEX platforms that can provide the best execution price and the smallest price slippage. Secondly, large-volume traders need sufficient market depth and high-quality liquidity to complete large-volume transactions without affecting market prices. Finally, the transaction amount is large, and large-volume traders have extremely high requirements for the privacy and security of the transaction. They usually 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 transaction needs and specific market conditions of large-scale transaction users, especially through the intelligent price comparison function, which can automatically recommend the best price path for users.

First, smart order splitting technology . For large orders, the OKX Web3 wallet trading section uses smart order splitting technology to automatically split the order into multiple small orders and execute them in different liquidity pools at the same time. That is, through X Routing smart routing, one transaction can use multiple DEXs at the same time to obtain the best comprehensive price.

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

Third, liquidity pool selection and display . The OKX Web3 wallet will display the source of liquidity pools to large users, and support users to manually select liquidity pools, which increases the transparency and control of transactions.

Fourth, the Snap intent mode smart price comparison function. OKX Web3 Wallet launched the on-chain aggregated liquidity and Snap intent mode smart price comparison function, automatically recommending the best price path for large users. OKX Web3 Wallet aggregates a wider range of liquidity through UniswapX, allowing users to interact directly with market makers, so as to exchange tokens on Ethereum more quickly and intuitively without paying any GAS fees. Especially for large transactions exceeding 10,000 U, users can usually get more favorable quotes.

OKX Web3 Wallet uses the Snap intent mode to enable large user orders to be accessed more quickly, automatically executed, and intelligently matched, thus improving market liquidity. Especially when the market fluctuates greatly or the trading volume is large, intent trading can respond to market changes more quickly and obtain better transaction execution prices, thereby optimizing the transaction efficiency of large users.

As an automated and intelligent trading strategy, intention trading has a significant positive impact on the market liquidity and trading efficiency of DEX and CEX platforms. With the advancement of blockchain technology and the expansion of the application of smart contracts, intention trading is expected to be more widely used in the cryptocurrency trading market in the future, providing users with a better trading experience.

Maximize your trading experience

In addition to the high-quality Swap transaction experience, the OKX Web3 wallet also provides users with a smooth cross-chain transaction 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 improve trading experience and market participation.

The OKX Web3 wallet trading section provides cross-chain functions. It now supports 23 chains and aggregates 27 cross-chain bridges, including EVM chains and non-EVM chains, providing users with a wider range of asset exchange options. For non-EVM chains, these chains usually have different smart contracts and transaction mechanisms. The OKX Web3 wallet provides powerful cross-chain support for Solana and BTC networks, leading the industry. Through the OKX Web3 wallet cross-chain function, users can choose a cross-chain bridge according to their needs and preferences, and exchange any token on one chain to any token on another chain, which greatly simplifies the transaction operation process to optimize the transaction experience and cost-effectiveness.

Currently, the OKX Web3 wallet cross-chain service is completely free, and users can transfer and exchange assets between supported chains efficiently and at low cost, which reduces transaction costs while enhancing the economic efficiency of transactions and the types and quantities of tradable assets. With the continuous development of blockchain technology and the growth of market demand, the continuous optimization and innovation of the OKX Web3 wallet in cross-chain capabilities will bring users more choices and better transaction experience, as well as more open and efficient financial services.

Redefining trading

The development of crypto wallet trading functions is not only a competition of technology and functions, but also a manifestation of user experience and market adaptability. Different crypto wallets have differences and advantages and disadvantages in trading functions, and each wallet has its own unique characteristics and applicable scenarios. OKX Web3 wallet is an important channel and support platform for users to enter the world of decentralized finance. It is committed to providing users with an efficient, secure and low-cost trading environment. Its continuous innovation and user-oriented design have demonstrated unique advantages in minimizing transaction costs and maximizing transaction experience, and are becoming a new standard for future trading tools.

Especially in terms of transaction costs, the OKX Web3 wallet adopts a zero-fee strategy, which not only reduces users transaction costs, but also encourages more frequent trading activities. At the same time, its user-friendly interface design and simplified operation process enable even novice users to easily get started and quickly complete transactions; its newly added intention transactions and cross-chain technology development continue to improve user transaction efficiency and costs.

The continuous evolution of trading functions of mainstream crypto wallets such as OKX Web3 Wallet reflects the progress of blockchain technology and digital asset management. In the future, as blockchain technology and the cryptocurrency market mature further, the trading functions of crypto wallets will continue to develop in the direction of intelligence, efficiency and user-friendliness. Its continuous innovation in asset management, transaction execution and financial services will make important contributions to the development of the global digital economy and financial inclusion.

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

The Odyssey once said, Man is born to pursue freedom.

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

Disclaimer

The information provided in this article and related services is for reference only and does not constitute and should not be considered as (i) investment advice, trading advice or investment recommendation; (ii) an offer or solicitation 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, level of experience and risk tolerance. Please consult your legal, tax and investment professionals for your specific situation. Please be responsible for understanding and complying with local applicable laws and regulations.

Original article, author:欧易OKX。Reprint/Content Collaboration/For Reporting, Please Contact report@odaily.email;Illegal reprinting must be punished by law.

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