化繁为简，OKX Web3打造新手友好型Solana生态入口
Since November 2023, the Solana ecosystem has achieved significant quarter-on-quarter growth in the fourth quarter of 2023 thanks to the rapid development of the DePIN field and the wealth effect brought by the MEME project. Specifically, market capitalization increased by 423%, the average number of daily fee payers increased by 102%, DeFi TVL surged by 303%, average daily DEX trading volume increased by 961%, and average daily NFT trading volume also increased by 359% . These numbers are a testament to the strong growth of the Solana ecosystem.
In addition, the Solana Foundations annual Breakpoint conference injects new energy into the further development of the ecosystem. At this conference, several teams made major announcements, including Jupiter perpetual trading products and token issuance, Frankendancer, Backpack Exchange, and Render, among others. The efforts of these teams drive the continued prosperity and development of the Solana ecosystem.
As a leader in industry infrastructure construction, OKX always pays attention to market dynamics and assists industry development through technological innovation. Recently, OKX Web3 has begun to continue to provide strong support for the development of the Solana ecosystem from a user perspective. The person in charge of the OKX Web3 ecosystem revealed that the RD team is currently supporting the construction of the Solana ecosystem from the infrastructure layer to the application layer to meet the needs of more users.
Integrate Solana’s popular ecosystem to create a novice-friendly Web3 portal
With the popularity of the Solana ecosystem, a large number of users and funds have poured into related sectors, but imperfect infrastructure has led to a series of problems. The distribution of various applications is too scattered and the tools are relatively fragmented, making users face many obstacles when exploring the Solana ecosystem. In order to solve these problems, OKX not only integrates popular ecology, but also provides users with practical auxiliary tools. In addition, OKX Web3 Wallet has also joined forces with the Solana Ecosystem to launch the Solana Ecosystem Super Season to help users play the Solana Ecosystem more easily and efficiently.
Currently, OKX Web3 Wallet’s Solana Super Season has entered its third season. Users only need to complete some simple tasks, such as trading JUP on OKX DEX, providing liquidity, trading SOL ecological tokens, etc., and have the opportunity to receive SOL ecological tokens and USDT rewards worth up to $45,000.
As the wallet that supports the Solana ecosystem with the most comprehensive functions, the richest rewards, and the safest and most convenient user experience, OKX Web3 wallet provides users with many conveniences. Users can not only easily conduct cross-chain transactions on the Solana network, participate in mainstream protocol staking and lending in the Solana ecosystem, explore Solana NFT and inscription ecology, and manage Solana assets through the OKX Web3 wallet, they can also discover during the OKX Cryptopedia Solana special event And interact with Solana’s popular DAPP to win potential airdrops in the future.
Cryptopedia is a one-stop DApp exploration and reward interaction platform that aims to explore and aggregate potential projects, lower the threshold for entering Web3, reduce user search costs, and enable accurate interaction even in fragmented time. The OKX Cryptopedia Solana special event helps users interact conveniently by providing the latest market information and popular DApps, covering four DApps: MarginFi, Jupiter, Kamino Finance and Meteora. There is no task verification and only interaction suggestions are provided. OKX APP users of versions 6.41.0 and above can switch to the Web3 wallet, enter the discovery section, and click Cryptopedia to participate. Currently, nearly 40,000 people have participated in Solana’s special events.
In addition, users can also participate in coin-earning activities in the OKX Web3 wallet DeFi section to obtain additional rewards. Currently, liquidity is provided in corresponding pools of protocols such as Marinade, SolBlaze, Solend, Orca and Raydium. Not only that, the OKX Web3 wallet also provides Solana trading users with rich information support functions. For example, the DEX market section has opened a special area for the Solana ecosystem to help users find popular tokens. In addition, the person in charge of the product also revealed that in the upcoming new version, the market section will also cover the token list, token search, token information, K-line functions, etc., by which time the users interactive experience will be further improved.
Adhere to infrastructure construction and fully integrate Solana ecological cross-chain channels
In addition to comprehensively integrating the application layer, the OKX DEX team has invested a lot of energy in infrastructure such as protocol access, algorithm quotation, and cross-chain bridge integration.
Against the backdrop of increased demand for fund transfers to Solana, the expansion of cross-chain bridges that provide services for capital liquidity has become increasingly apparent. However, the Solana ecosystem does not have simple and easy-to-use built-in cross-chain applications. In the early days, it was mainly Wormhole, Allbridge and deBridge. Other three-party cross-chain project parties will provide support for the exchange of ecological funds. But since November last year, bridging activity in the Solana ecosystem has grown significantly, with Synapse, Meson, and Hashflow all adding path support to Solana in December alone. Currently, aggregation platforms like Jumper are increasingly supporting Solana, and both Phantom and Jupiter have embedded bridging functions in their services.
As an important force in industry infrastructure, OKX DEX is also fully integrating Solana ecological cross-chain channels. Currently, OKX DEX has been connected to mainstream Solana DEX such as Raydium, Orca, and Meteora, covering more than 80% of on-chain transaction liquidity. In addition, SWFT Bridge and Wormhole cross-chain bridge are also connected to facilitate the flow of assets between Solana and other chains.
However, due to Solana’s fast block generation speed and frequent data changes on the chain, the transaction failure rate on the chain is very high. In response to this problem, OKX DEX has focused on optimizing Solanas on-chain transaction failure rate, mainly by strengthening the capabilities of Solana node synchronization and data analysis, and adding rent verification, on-chain tipping, and one-click to the DEX application layer. Functions such as resending transactions are optimized to reduce failure rates and provide a better trading experience.
In addition, to ensure that users get the most accurate quotes on OKX DEX, the OKX DEX team has also developed algorithm calibration tools for each connected DEX protocol to support accurate algorithm quotes. In addition, according to the aforementioned person in charge, in order to optimize transactions on Solana, OKX DEX will further integrate the liquidity of Jupiter, the largest aggregator on the Solana chain, in the future. From a long-term perspective, OKX will continue to integrate more decentralized trading protocols and enable splitting algorithms to ensure that Solana trading users get the best price.
It is worth mentioning that during the Solana ecological DEX Jupiters token JUP airdrop, when most wallets were blocked on the chain and could not be used normally, the OKX wallet maintained stability and helped users maintain most of their funds during the peak period. Transactions are normal and airdrops are received normally. Not only that, OKX Wallet has also achieved a lower overall transaction failure rate than its peers. The price and analysis of JUP tokens are also updated in seconds, which has received many praises from the market.
In fact, OKX Web3 wallet has deeply integrated the Solana chain very early. In 2023, OKX Web3 wallet successfully connected to more than 100 Solana ecological projects, covering multiple fields such as DeFi, NFT and GameFi. To date, more than 7.29 million addresses have been created on the Solana network, 790,000 on-chain transactions have been completed, and the cumulative transaction volume has reached US$230 million. In addition, the OKX Web3 wallet DEX section began to fully support cross-chain transactions on the Solana network on January 7. Currently, users can conduct cross-chain transactions between Solana assets and seven mainstream blockchain assets, including Bitcoin, Ethereum, Arbitrum, Optimism, BNB Chain, Polygon and Tron, which provides support for users to deeply participate in the Solana ecosystem.
The relevant person in charge stated:"From the beginning to the end, the OKX team has always adhered to technology as the core driving force, supporting the construction of the Bitcoin ecosystem in the early days, and now providing infrastructure support for popular public chain ecosystems such as Solana. We know that to truly promote the development of the industry, we must listen to the true voice of the market. Our goal is always to provide real value to the industry and users. As an important member of the industry, OKX will continue to contribute to the prosperity and development of Bitcoin, Solana and other ecosystems."
