Author: Yue Xiaoyu

The product experience we see is silky and smooth is just an appearance. If we just simply praise the good interactive experience of OKX products, then we actually did not grasp the essence of OKX products.

Where is the moat of OKX products? What is the power of OKX?

Why can OKX often come from behind? Why is OKX DEX suspended service this time, and the status of OKX DEX remains stable in a short period of time?

One ​​of the reasons is that OKX has extremely powerful infrastructure. The silky experience we feel in the product is just the result, and it is supported by a lot of infrastructure.

Just like we can only see the tip of the iceberg, the truth of the matter is below the sea level, and we can also see clearly the whole story of a giant.

We need to first understand the system architecture of the Web3 wallet. It can be divided into several layers:

1. User interface layer

This layer is a product that ordinary users can directly perceive, including wallet APPs, browser plug-ins, web pages, and SDKs used by developers.

This layer is the most superficial layer. If you want to be intuitive, silky and smooth, you need the close cooperation of the following layers.

2. Application layer

The application layer is the core business logic layer of the wallet, including DEX, Marketplace, DeFi, and Wallet.

This layer converts user intentions into specific on-chain or off-chain operations.

Each business is a complex module that contains very complex business logic.

On this level, OKX's business can be said to be very extensive, both DeFi and NFT (Bitcoin Inscriptions) are very deep.

3. Data layer

The data layer is responsible for storing and managing local and remote data related to the wallet to ensure the security and consistency of the data.

This layer is the cornerstone of system reliability.

All data we use at the application layer is processed at this layer, including data storage, data structuring, data analysis, and data monitoring.

OKX is very thick in the data layer. OKX has very strong on-chain data analysis capabilities, and even launched a commercial product OKLink.

4. Interaction layer

The interaction layer is the bridge between OKX wallet and external systems (including blockchain networks and other services), mainly on-chain data synchronization and analysis.

This layer needs to communicate with on-chain nodes, broadcast transactions and query on-chain status.

5. On-chain node layer

The on-chain node layer is the direct connection point between the wallet and the blockchain network, and is responsible for interacting with the distributed ledger. This layer determines the degree of decentralization and performance of the wallet.

OKX deploys some nodes (such as Ethereum and X Layer nodes) on its own, and also supports access to third-party node services (such as Infura and Alchemy).

Generally speaking, for security and reliability, OKX will build most of its nodes by itself.

At the same time, this also ensures the speed of the chain, which is particularly important in the Meme coin wave.

Of course, the operating cost of nodes is also very high, and it is an infrastructure that requires a lot of resources to be invested.

After understanding these five layers, we will find that the Web3 wallet is not simple, and we want toTo do it well, if you want to achieve smooth user experience, you need to do a lot of things at each level and cooperate well with each other.

This is why many wallets on the market are very stuttering when used, and there is always an indescribable sense of blockage. Typically, MetaMask means that the underlying infrastructure is not done well.

When OKX pursues extreme optimization at each layer (such as dynamic adjustment of Gas and self-built nodes), other products are still at the "usable" level and have not dig deep into the user experience.

When OKX relies on a strong ecosystem (exchange, DEX, NFT market) and self-built infrastructure, it has formed a synergistic effect, while other products are mostly single wallets, lacking business barriers.

When OKX actively embraced new technologies and protocols (such as Bitcoin inscriptions and Meme coins), other products were slow to iterate and could not keep up with the rapid development of Web3.

This is the real difference between OKX and its competitors.

At present, other competitors are beginning to expand wildly, but they may not be able to withstand this huge traffic. The key is to see who has a good product experience and can ultimately truly keep the users.

But it is still quite difficult to achieve a user experience comparable to OKX wallet in a short period of time. The technical accumulation of OKX wallet in each layer is too deep.

More importantly, OKX will not leave too much time for competitors. They will definitely do their best to make up for DEX's data monitoring and address marking capabilities, and will also fully compete with the senior management.

This is why, I always think that the leader of OKX DEX is still stable. After OKX DEX restarts its service, its smooth user experience will still attract users back.

Waiting for OKX DEX to restart.