Ten sets of data review OKX 2023
At the macro level, stimulated by the good news that the Federal Reserve has suspended interest rate hikes and that a series of Bitcoin ETFs may be approved by the SEC in the near future, the global encryption market has accelerated its recovery; at the industry development level, the growth flywheel centered on the prosperity of the Bitcoin ecosystem is driving the global market. advance growth trend. As the worlds leading Web3 technology company, OKXs corporate philosophy of being driven by both technological innovation and compliance has achieved fruitful results in such a market environment. In particular, its achievements in the construction of the Web3 ecosystem are well-known. This article will review OKX’s 2023 with ten sets of data.
Exchange: Focus on user interests and continue to ensure the safety and transparency of user assets
1. Published 14 consecutive PoR reserve certificates, with the fund guarantee rate exceeding 100%.
Proof of Reserve PoR is designed to verify whether user assets are 1:1 reserved on crypto exchanges, that is, to demonstrate to users their solvency and sufficient liquidity.
OKX is currently the only exchange in the industry that simultaneously implements open source verification of Merkle trees, open source verification of wallet address ownership, and open source verification of assets on the chain. Under the premise of protecting privacy, OKX allows users to independently verify their solvency at any time. As of December 13, 2023, OKX PoR reserve certificates have been released for 14 consecutive issues, with more than one million user visits, covering a total of 22 currencies, and the capital margin rate of each issue exceeds 100%.
2. Helped 5,342 users intercept 5,734 phishing withdrawals and recovered US$1.9652 million in assets.
The OKX risk control team helped 5,342 users conduct anti-phishing risk control throughout the year, intercepted 5,734 currency withdrawals, and recovered US$1.9652 million in assets; during the period, it opened a contract cooling-off period for 167,654 users, helping users avoid internal and external risks to the greatest extent .
3. A total of 10+ new products have been launched online, serving more than 100 w+ users.
The exchange adheres to user demand-oriented and combines market development conditions to launch 10+ new products such as Shark Fin, Snowball, Seagull, Yield Hunter, Strategy Copying, Spot Copying, and Backhand Opening, covering structured financial management and strategic trading. and other business lines, creating different types of product matrices. While covering user groups with different needs, the RD team still insists on iterating existing products and sparing no effort to improve user experience. As of December, the number of users of strategic products exceeded 600,000, and the number of global users participating in financial products - Earn Money Easily exceeded 500,000.
4. A total of nearly 60 W user problems have been solved, and 268,000 mischarged assets have been recovered.
As an old exchange that insists on putting users first, OKX has solved a total of 595,506 user problems throughout 2023, covering 13 languages; it has manually helped users retrieve more than 6,100 mistakenly deposited assets, and automatically retrieved users mistakenly deposited assets. 262, 410 transactions, of which the largest amount recovered was 1.2 million USDT; throughout the year, the answer rate for online consultations was ≥ 90% within 20 seconds, the average answer time for online consultations was 16 seconds, and email/work order consultations were responded to within 1 hour The rate is ≥ 90%, and the average response time for email/work order inquiries is 25 minutes. Annual complaint rate<0.7% 。
5. Continuous empowerment OKB rose 108% throughout the year, and a total of more than 27 million coins were burned throughout the year
Since 2023, OKB has achieved an increase of over 108%, with its highest price touching US$64.89, powered by product innovation and brand reputation. In addition, OKB was burned four times throughout the year, with a cumulative total of 27,349,474.41 pieces. Based on the closing price of $55.06 on December 31, the total value exceeded $1.5 billion.
In the future, OKB will also be used as gas in X 1. X 1 is jointly launched by OKX and Polygon Labs. It is an Ethereum second-layer network based on ZK zero-knowledge proof technology built on Polygons multi-chain development toolkit CDK.
Web3 Ecosystem: Driven by Innovation, Continuously Building Industry Infrastructure
6. OKX Wallet supports 80+ public chains, the number of users increased by 98%, and the number of plug-in downloads exceeded 40 w
As of December 31, the number of Wallet access public chains has increased from 40+ at the beginning of the year to 80+, covering 120,000 digital assets and the most comprehensive popular ecology. The download volume of plug-in wallets exceeded 40,000, and the total number of users increased compared with the previous year. An increase of 98%; the number of NFT collections has reached 1.2 billion, and the total NFT transaction volume for the year exceeded US$2 billion; the users financial assets on the chain for the year exceeded US$2.8 billion. At the same time, it also launched MPC wallet and AA wallet, and continued to improve industry infrastructure construction around the Bitcoin ecosystem.
7. The total transaction volume of the Ordinals market exceeded US$1 billion, leading the industry
Dune data shows that as of the end of December 2023, the total transaction volume of the OKX Web3 Wallet Ordinals market exceeded US$1 billion, the number of independent addresses was 120, 332, the total number of transactions was as high as 552, 818, and the daily transaction volume market share was as high as 92%. Overall Leading the industry.
Currently, the OKX Web3 Wallet Ordinals Market is the largest BRC-20 Inscription and BTC NFT trading market, with 16,000 BRC-20 tokens available for trading. The OKX Ordinals market is completely decentralized, with no platform service fees for interaction, and supports multiple functions such as batch transfer, trading, engraving BRC-20 and BTC NFT.
8. OKX DEX’s annual transaction volume reached US$1.7 billion, an increase of 200% compared to the first half of the year
Currently, OKX DEX has integrated more than 400+ DEX and 20+ cross-chain bridges, and the annual transaction volume of full-chain DEX has reached US$1.7 billion. The trading volume in the first week of December alone reached $92.3 million, which is on the same level as Metamask and Kyberswap. A 200% increase compared to the first half of the year. For risk token detection and push, complete automated detection capabilities including contract access, abnormal transactions, and quotation results have been established.
9. The annual number of transactions in the NFT market is approximately 20 million, with a total transaction volume of US$2.366 billion.
As of the end of December, the OKX NFT market had approximately 20 million annual transactions, a daily transaction volume of approximately US$6.5 million, and a total transaction volume of US$2.366 billion. Affected by the inscription craze, the OKX NFT market jumped to become the second largest NFT market by transaction volume in the two months of November and December alone, accounting for 32% of the market share.
10. Included risk tokens 88 w+ black addresses 1700 w+, number of risk domain name reminders 71 w+
The total number of high-risk tokens collected throughout the year is 88 w+, including 62 w+ Pixiu tokens and 16 w+ garbage airdrop tokens; the number of black addresses included is 1700 w+, including 9 w+ phishing addresses; the number of included risky domain names is 13 w+, and the cumulative risk domain name reminder Times 71 w+.
In addition, the Web3 team has also added the function of shielding risky transactions in transaction history to solve the problem of airdrop tokens and NFT poisoning, as well as the Flashbot anti-MEV attack function, and is connected to the Certik security rating system to three-dimensionally display the project security rating to help users effectively Understand on-chain project risks.
Conclusion
2023 has passed, and the above ten sets of data are not only harvests, but also responsibilities as a large global platform. Next, OKX will continue to practice long-termist values in 2024, insist on building the Web3 industry driven by technological innovation, and continue to OKX has invested energy in the Web3 ecosystem, and will also unswervingly focus on the interests of users to ensure the transparency and security of user assets.
