Meme is a practical and community undercover, with the OKX wallet experience that focuses on "listening to advice"

Written by: TechFlow

Spring is approaching in March, but winter is just as if investors are entering a short period of time.

To sum up, this is a short-cycle bull market that belongs only to the chain. Young P players are full of vitality and old VCs are depressed.

Although the Solana Meme season is no longer as prosperous as before, it is difficult for liquidity that has tasted the sweetness on the chain to return to the exchange and work slowly. On chain has become a collective consensus, waiting for the new narrative to ignite a new chain summer (On chain summer).

Why has the pure chain market continued to explode since last year?

On the one hand, of course, it is the peers, that is, the VC currency, which has high valuation and low circulation squeeze the survival profit space of retail investors. Instead of becoming the exit liquidity of others, it is better to give up and start a new game, and the wave of memes is coming one after another.

On the other hand, the explosion of assets on the chain has supplemented the liquidity on the chain, gradually filling in its liquidity shortcomings.

Although Meme, which lacks actual value support, has also been widely criticized, high-frequency transactions have forced the improvement of infrastructure such as wallets, DEX, and TG BOT . The optimization of user experience and liquidity by new infrastructure represented by OKX WEB3 has accelerated the on-chain process, just as OKX wallet once supported BRC20 inscriptions, opening the spring of inscriptions.

Today, OKX DEX has become one of the core infrastructure for on-chain transactions. We use it as a case to disassemble the logic behind this product.

Really understand the requirements on the chain

The first step in the product is to understand real needs.

Whether it is Twitter (X) or some local dog MEME communities, you can often find members of the OKX WEB3 team, and each person is "degen". Many people personally participate in on-chain transactions and can get real market feedback.

In addition, the OKX WEB3 team has specially established a product experience community to continuously collect bugs and suggestions.

Rich first-line chain experience, very "listening to advice", constantly absorbing feedback from the outside world, allowing the OKX WEB3 team to see the essence of on-chain transactions early: What money is earning on-chain?

Whether large funds are turning to the chain because they do not trust centralized exchanges such as FTX and Mt.Gox, or retail investors seek profits through fast incoming and outing, airdropping, DeFi mining, etc., the business logic of on-chain transactions points to a core - trading volume and trading frequency.

Especially in the Meme currency market, surges and plummets are the norm, and the level of handling fees is not important to players. The key lies in whether they can buy and sell quickly and achieve arbitrage .

Based on the above insights, OKX DEX Aggregator has found its own needs path and built its own advantages from four dimensions.

In my opinion, these are also the four major criteria for measuring products on a chain. Note that they are not a parallel relationship, but are divided into important order.

Safety: The cornerstone

Whether it is DEX or CEX, security is the cornerstone of everything.

The security here is not just about making safe transactions for products, but also requires helping users identify "hazardous assets".

• Token level : Automatically scan token contract vulnerabilities, identify high-risk projects such as Pixiu disks and additional issuance traps, and intercept problem currencies one step earlier than users;

• Interaction level : Sandbox simulation of authorization contracts to predict the possible asset transfer risks after authorization.

Quick: Killer

On the chain, only fast is not broken. The core advantage of OKX lies in the X Routing algorithm, which compares the liquidity pool prices of multiple DEXs and chains, divides orders, considers prices, slippages and network fees, thereby choosing the optimal route and reducing transaction delays.

Convenient: Mobile is king

A subjective evaluation is that the OKX WEB3 mobile terminal currently represents the ceiling of the Chinese Web3 product experience, which is also its largest moat at present.

• Wallet-DEX-Trial of Exchange : Users do not need to switch between different interfaces, simplifying complex operations to the point where the thumb is touchable;

• Market trends: Intuitively display market trends and automatically mark buying and selling points.

Best price: Save money on the chain

OKX DEX Aggregator As a DEX aggregator, almost all mainstream DEXs on the aggregation chain ensures that every transaction of the user is completed at the best price. When large transactions may cause price fluctuations, the orders will be automatically disassembled to multiple DEXs for execution.

Safety, fast, convenient and excellent price constitute the four core evaluation criteria for on-chain trading products. Security is the cornerstone, but it is impossible to achieve absolute top-notch in four dimensions at the same time, so some emphasis is required.

There is no perfect product, only solutions that suit specific scenarios. The OKX WEB3 team realized that the core demands of users in different scenarios are different. For example, in a high-volatility market, speed is the first requirement, not the handling fee, but in daily large-scale ordinary redemption, prices and handling fees are particularly important. Product strategies need to be dynamically adjusted according to the scenario, so there are four major trading models of OKX DEX.

Product Thoughts under the Four Major Trading Models

The dilemma of traditional DEX is that it is difficult to get both security, transaction speed and price advantages . OKX DEX Aggregator breaks through demand differentiation.

For different scenarios, OKX has four major trading modes:

Simple mode (newbie friendly): There is no cognitive threshold, just one-click transaction.

Redemption mode (professional mode): open manual parameter adjustment to meet the in-depth needs of "precise price control/complex strategy"

Meme mode (for dog-beating): supports four chains of Solana BSC ETH Base, with a high slippage by default. You can pursue the fastest buying speed . You can also set some parameters by yourself, which meets the FOMO psychology of "it would rather buy more than buy".

Cross-chain model: quickly realize the flow of assets in multiple chains. In addition to fast cross-chain between EVM chains, it also supports transfer from EVM chains such as Ethereum to chains such as Solana.

The four models of OKX DEX are essentially the concreteization of the "risk-efficiency-control" triangular game model of on-chain trading scenarios , implying three layers of product thinking.

Scene segmentation

The vague behavior of "transaction" is broken down into:

• Novice lack of experience (safety) → Easy mode

• Adrenaline demand (speed) → Meme mode

• Precision calculation requirements (control) → redemption mode

• Infrastructure Requirements (Cross Chain) → Cross-chain Bridge

Game equilibrium pricing

The essence of on-chain transactions is a competition of risk pricing capabilities, and different people bid differently for risks.

There is also an implicit game mechanism between different modes: Meme mode uses higher slippage for speed premium: redemption mode uses operational complexity for cost advantage

Ecological niche positioning war

Through four modes, it is necessary to use OKX DEX when you start from Xiaobai to advanced to becoming a god.

Novice period: simple model to cultivate trading habits;

Growth stage: Meme model releases the desire for speculation and hits dogs frequently;

Maturity period: the redemption model meets strategic needs;

Expansion period: Multi-chain layout is opened across chain bridges;

From transaction infrastructure to information infrastructure

The first step in on-chain trading is to satisfy transactions, faster transactions, and more convenient transactions. Whether it is okx dex or others, the new on-chain product battlefield will help users avoid risks and discover alpha.

There is a dark forest on the chain, with conspiracy groups and rug disks emerging one after another. On the one hand, some people make a fortune by making a fortune with small profits, but under the spotlight of success, there are also many corpses on the chain, and countless young players fail.

The advantages of OKX DEX Aggregator are reflected in that it is not only a single on-chain trading tool, but also an on-chain information platform that breaks the information gap.

• Data visualization, discover new trends on-chain : convert complex on-chain data into intuitive visual presentation, provide multi-dimensional information aggregation such as popular sectors and popular lists, directly see the hottest narratives now, and support custom filtering and sorting functions, and discover what are the hottest currencies on the market.

• Security protection : Token detection is OKX's unique security function, judges token risks based on on-chain information, continuously monitors the on-chain AMM fund pool, and understands liquidity changes.

• Trader portrait : View suspicious, sniper, smart money positions, understand chip allocation information, conduct profit and loss (PNL) analysis of a single coin holding address, and track historical transactions.

In the latest version of OKX, a number of practical functions have been added:

• Looking for smart money: You can monitor smart money trends on the app at all times, check the ranking of smart money addresses, and support screening smart money addresses based on the number of addresses, transaction volume, opening market value, entry liquidity and other indicators.

• Twitter floating window : When you are browsing on X to find wealth information, when the mouse is suspended on the token name with the $ tag, the OKX wallet plug-in will recognize the basic information of the coin. You can view the coins with the same name in the upper right corner, and you can jump to the OKX webpage to complete the transaction.

• On-chain PNL information sharing: You can share your profit and loss situation like CEX. Just like the editor, you can share your losses boldly and let others see jokes.

To enable information and data to serve on-chain transactions, OKX DEX is upgrading from a simple trading channel to build a "cognitive operating system" for on-chain behavior - when trading tools begin to deconstruct professional players ' data acquisition methods, risk control models and decision-making paths, the traditional information difference arbitrage space will be systematically compressed.

OKX WEB3's ambition may be to become the "Bloomberg terminal + trading platform + social map" complex in the crypto world. This is the next commanding height of the DEX war and a new opportunity.