Introduction:

The Web3 industry is developing too fast, and new things appear every day. Therefore, many daily thoughts deserve to be recorded.

Moving off-chain transactions to on-chain is a major trend, and CEX (centralized exchange) is changing It is a DEX (decentralized exchange), so major exchanges are developing Web3 wallets and DEX.

But OKX adopted a "backdoor evolution" strategy instead of creating an independent DEX application or Web3 wallet.

CEX in OKX is gradually weakened, and DEX is gradually strengthened. So will OKX eventually complete the backdoor evolution?

In other words, the application of OKX has always been the same, but the positioning has changed from the original CEX to DEX, gradually transitioning from CEX to DEX, and finally completed the "stealing and replacing of pillars".

The advantage of this backdoor evolution strategy is that OKX can leverage its existing user base and brand recognition while gradually guiding users to experience decentralized trading capabilities.

Users can experience the advantages of DEX on the same platform, reducing the cost of learning and adapting to new models.

And for OKX, updating and maintaining a single platform is more economical and efficient than managing two independent applications.

At present, OKX is still in a transitional period, CEX is very mature, and DEX is developing rapidly. At this time, the two are no longer distinct, but merge with each other.

The most direct manifestation is that CEX and DEX are no longer completely separated into two global mode switches, and many functions have begun to be connected.

For example, the recently launched CEX allows you to search for DEX tokens: you can directly search for tokens that are not listed on the OKX exchange and jump to DEX for trading very simply.

This directly provides OKX exchange users with more than 10 million tokens for trading, breaking the token number limit of the original exchange.

And connecting CEX and DEX will allow exchange users to enter Web3 more smoothly.

Of course, the integration of this kind of functions requires a good grasp of the scenario and timing, otherwise the blurred boundaries between CEX and DEX may lead to confusing user experience, especially when some users are not familiar with the concept of decentralization.

The integration of CEX (Centralized Exchange) and DEX (Decentralized Exchange) can be seen as CeDeFi (Centralized Decentralized Finance, centralized decentralized finance) ) manifestation.

CeDeFi itself is a concept that attempts to combine the advantages of centralized and decentralized finance.

CeDeFi provides an intermediate option for users who want to enter the DeFi space but are unwilling to face the complexity of purely decentralized systems.

OKX is practicing this integration by integrating CEX and DEX functions on its platform.

In OKX’s strategy, users can not only conduct centralized transactions on one platform, but also conduct decentralized transactions equally conveniently.

This approach is the core idea of ​​CeDeFi, that is, users can experience the convenience of centralization (such as higher liquidity, faster transaction speed) and the freedom of decentralization (such as autonomous control of assets).

However, it should be noted that CeDeFi is not a completely decentralized system. It still retains certain centralized features, such as user identity verification, exchange operation and management, etc.

This model of OKX uses this integration to provide users with a platform that has the convenience of a centralized exchange and the openness of a decentralized exchange.

CeDeFi represents a potential future direction in the financial world. OKX has taken advantage of its advantages in Web3 (DEX and wallet) to be very advanced and is worth learning from Web3 players.