A Look Back at OKX’s 2023: OKB Skyrockets by 108%, Web3 Wallet Users Grow by 98%

OKX Exchange will review its growth in 2023 with ten sets of data.
(Previous summary:
OKX officially launched the 2023 annual report, offering a chance to win 688 USDT and receive limited edition NFT for free.)
(Additional information:
Exchange》Review of the top ten popular trading strategies and financial products on OKX in 2023
)
Table of Contents
Exchange: Prioritizing user interests, continuously ensuring the safety and transparency of user assets
Web3 Ecology: Driven by innovation, continuously building industry infrastructure
Conclusion
This article is a sponsored article written and provided by OKX. It does not represent the position of Dong Qu, nor does it provide investment advice, buying or selling recommendations. See the end of the article for a disclaimer.
At the macro level, stimulated by the Federal Reserve’s pause in interest rate hikes and a series of positive news such as the potential approval of Bitcoin ETFs by the SEC, the global cryptocurrency market has accelerated its recovery. At the industry development level, the growth engine centered around the Bitcoin ecosystem is driving the global market into a growth trend.
As a global leader in Web3 technology, OKX has achieved fruitful results in such a market environment by adhering to a corporate philosophy of technological innovation and compliance. Its achievements in Web3 ecosystem development are well-known.
This article will review OKX’s 2023 with ten sets of data.
Exchange: Prioritizing user interests, continuously ensuring the safety and transparency of user assets
1. Released 14 consecutive sets of Proof of Reserve (PoR) certificates with a capital guarantee rate exceeding 100%.
The PoR certificate is designed to verify whether user assets are fully reserved in a 1:1 ratio on the cryptocurrency exchange, demonstrating its solvency and sufficient liquidity to users.
OKX is currently the only exchange in the industry to achieve open-source verification of Merkle trees, wallet address ownership, and on-chain asset verification. While protecting privacy, OKX allows users to independently verify its solvency. As of December 13, 2023, OKX has released 14 consecutive sets of PoR certificates, with over a million user visits, covering a total of 22 cryptocurrencies, and each set of capital guarantee ratio exceeding 100%.
2. Helped 5,342 users intercept 5,734 phishing withdrawals and recovered assets worth $1.9652 million.
The OKX risk control team helped 5,342 users with anti-phishing risk control, intercepting 5,734 withdrawals and recovering assets worth $1.9652 million. During this period, 167,654 users entered the contract cooling-off period, helping users avoid internal and external risks to the greatest extent.
3. Launched more than 10 new products, serving over 1 million users.
The exchange adheres to user needs and launches over 10 new products, including Shark Fin, Snowball, Seagull, Yield Hunter, Strategy Copy Trading, Spot Copy Trading, and Reverse Opening Position, covering structured wealth management and strategic trading. It has created a matrix of different types of products, covering different user groups with different needs. By continuously iterating existing products, the research and development team strives to improve user experience. As of December, the number of users using strategy products exceeded 600,000, and the number of global users participating in financial products (Simple Earnings) exceeded 500,000.
4. Resolved nearly 600,000 user issues and recovered 268,000 mischarged assets.
As a user-oriented exchange, OKX resolved a total of 595,506 user issues in 2023, covering 13 languages. It manually helped users recover over 6,100 mischarged assets and automatically recovered over 262,410 mischarged assets, with the largest recovery amount being 1.2 million USDT. Throughout the year, it achieved an online consultation pick-up rate of ≥90% within 20 seconds, an average online consultation response time of 16 seconds, and an email/ticket response rate of ≥90% within 1 hour, with an average response time of 25 minutes. The complaint rate throughout the year was <0.7%. 5. Continued to empower OKB with a 108% increase in price and a total of 27 million tokens burned. Since 2023, OKB has achieved a price increase of over 108% and reached a peak price of $64.89, benefiting from its product innovation and brand reputation. In addition, OKB has burned a total of 27,349,474.41 tokens in four rounds throughout the year, with a total value exceeding $1.5 billion based on the closing price of $55.06 on December 31. In the future, OKB will also be used as gas in X1, which is jointly launched by OKX and Polygon Labs. X1 is an Ethereum Layer 2 network based on ZK zero-knowledge proof technology, built with the CDK development toolkit on Polygon. Web3 Ecology: Driven by innovation, continuously building industry infrastructure 6. OKX Wallet supports over 80 public chains, with a 98% increase in users and over 400,000 plugin downloads. As of December 31, the number of public chains supported by the Wallet has increased from 40+ at the beginning of the year to over 80, covering 120,000 digital assets and the most comprehensive popular ecosystems. The number of plugin wallet downloads has exceeded 400,000, and the total number of users has increased by 98% compared to the previous year. The collection of NFT collectibles has reached 1.2 billion, with a total NFT trading volume exceeding $2 billion throughout the year. The total on-chain wealth management assets of users exceeded $2.8 billion. OKX has also launched the MPC Wallet and AA Wallet, and continues to improve industry infrastructure construction around the Bitcoin ecosystem. 7. The total trading volume of the Ordinals market exceeded $1 billion, leading the industry. According to Dune data, as of the end of December 2023, the total trading volume of the OKX Web3 Wallet Ordinals market exceeded $1 billion, with 120,332 unique addresses and a total of 552,818 transactions. Its daily trading volume market share reached a maximum of 92%, leading the industry as a whole. Currently, the OKX Web3 Wallet Ordinals market is the largest BRC-20 token and BTC NFT trading market, with over 16,000 BRC-20 tokens available for trading. OKX Ordinals market is fully decentralized, providing free platform services and supporting batch transfers, transactions, engraving of BRC-20 tokens, BTC NFT, and other functions. 8. The annual trading volume of OKX DEX reached $1.7 billion, a 200% increase compared to the first half of the year. Currently, OKX DEX has integrated over 400 DEX and 20+ cross-chain bridges, and the overall DEX annual trading volume has reached $1.7 billion. In just the first week of December, the trading volume reached $92.3 million, on par with Metamask and Kyberswap. Compared to the first half of the year, it has seen a 200% increase. It has established complete automated detection capabilities for risk token detection, push, contract access, abnormal transactions, and quotation results. 9. The annual number of NFT transactions reached approximately 20 million, with a total trading volume of $2.366 billion. As of the end of December, the annual number of NFT transactions on OKX reached approximately 20 million, with a daily trading volume of around $6.5 million and a total trading volume of $2.366 billion. Due to the surge in interest in collectibles, OKX NFT market has become the second-largest NFT market in terms of trading volume in just two months, accounting for 32% of the market. 10. Included over 880,000 risky tokens, 17 million blacklisted addresses, and provided 710,000 risk domain reminders. Throughout the year, OKX has included over 880,000 high-risk tokens, including 620,000 Pishi tokens and 160,000 junk airdrop tokens. It has also blacklisted 17 million addresses, including 90,000 phishing addresses. It has included 130,000 risk domains and provided a total of 710,000 risk domain reminders. In addition, the Web3 team has added risk transaction history masking to address the issues of airdrop tokens and NFT poisoning, as well as Flashbot defense against MEV attacks. It has also integrated the Certik security rating system to provide comprehensive project security ratings, helping users understand the risks of on-chain projects. Conclusion 2023 has passed, and the above ten sets of data are not only achievements but also the responsibility of being a global platform. In the future, OKX will continue to uphold its long-term values in 2024, adhere to technological innovation to drive the construction of the Web3 industry, continue to invest in the OKX Web3 ecosystem, and firmly prioritize user interests, ensuring transparency and security of user assets. __ Disclaimer: The content of this article is a sponsored promotional article provided by the contributor. The contributor is not affiliated with Dong Qu, and this article does not represent the position of Dong Qu. This article does not intend to provide any investment, asset, or legal advice and should not be regarded as an offer to buy, sell, or hold assets. Any services, programs, or tools mentioned in this promotional article are for reference only, and the final actual content or rules shall be subject to the publication or explanation by the contributor. Dong Qu is not responsible for any potential risks or losses. Readers are reminded to conduct their own careful verification before making any decisions or actions.

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