OKX Ventures September Investment Projects and Highlights Analysis

Author: OKX Ventures

Introduction

In recent times, the crypto industry has been rapidly evolving, and OKX Ventures has witnessed the swift changes in the sector:

• The social track has welcomed phenomenal products, with Friend.tech generating over 10,000 ETH in revenue and TVL surpassing 30,000 ETH. In September, total fee revenue exceeded that of the decentralized exchange Uniswap; this has driven growth in the social track, including an increase in data from Farcaster and several Friend.tech clones. Well-funded infrastructure will enable larger-scale social, gaming, and application tracks;*

• With the approval of Ethereum ETFs, daily trading volume exceeded 20 million, leading to expectations that the approval of Bitcoin spot ETFs will also become inevitable; combined with Bitcoin's halving in April next year, the release of policy dividends alongside the industry cycle gives us reason to have greater expectations for industry recovery;*

• Telegram has opened the "TON Space" entrance, establishing TON as a new entry point for Web3; recently, the Ton ecosystem has also seen explosive growth, with over 500 applications covering 16 tracks; despite controversies surrounding the TON ecosystem, its 800 million monthly active users remain noteworthy.*

OKX Ventures continues to maintain its focus on the industry, remaining optimistic about tracks such as infrastructure, the Ethereum ecosystem, and DeFi, and has invested in projects like Aark Digital, DappOS, and 0xScope.

Project List

Aark Digital

• Project Overview
• Aark Digital is a Peer-to-Pool perpetual DEX tailored for professional traders on Arbitrum, providing the ultimate solution to the pain points of perpetual DEXs.
• Aark Digital excels in both innovation and user-friendliness, being very accommodating to traders and liquidity providers.

For traders: rich liquidity, 50+ trading pairs, any asset as collateral, and cross-margin trading.

For liquidity providers: leveraged liquidity provision, spread-neutral liquidity provision, and insurance funds.

• Project Highlights
• The Layer2 derivatives track has immense incremental space, and more derivatives trading will occur on-chain in the future, as markets like GMX have already validated the feasibility of the track.
• Aark Digital offers an optimized trading experience and innovates on existing mechanisms. It focuses on optimizing the trading experience and returns for traders and LPs.
• The trading experience comes from the PMM model, which provides sufficient liquidity similar to CEXs. The trading security mechanism is well-designed, and the oracle design meets expectations. The pricing model of index price and premium provides arbitrage opportunities for arbitrators to balance the protocol and CEX pricing.
• Overall, Aark Digital has a fast development pace, continuously innovating under existing derivatives models, providing a friendly trading experience for traders, and stabilizing and enhancing the efficiency of LP pools.

DappOS

• Project Overview
• DappOS is the first intent-centric operating protocol aimed at making the user experience of dApps as friendly as mobile applications, thereby lowering the entry barrier to Web3.
• To bring the next billion users into Web3, user experience is crucial. However, current dApps are still too difficult for mainstream users to use. Two main issues are considered the primary barriers. DappOS mainly addresses the user experience entry issue. DappOS solves this by building an intermediary layer between users and crypto dApps. Users can interact solely with DappOS, which will handle interactions with the crypto dApps they need to access and automatically execute workflows.
• Currently, DappOS has over 20 partner projects, including GMX, Perpetual, BENQI, etc., all of which have adopted DappOS. DappOS now supports 10 chains.
• Project Highlights
• DappOS provides a friendly user experience by building an intermediary layer between users and crypto infrastructure to address complex workflows and web3 wallet issues. Users only need to interact with DappOS, which will assist them in interacting with crypto infrastructure and automatically executing workflows.
• For client users, DappOS offers a user entry product that integrates various dApps, and in the future, DappOS will also provide a mobile app to further lower the user barrier.
• For developers, DappOS provides a dApp SDK. You can also develop mini-program versions on our mini-program platform to offer a web2-like user experience.
• For clients, DappOS will provide development tools for mobile apps integrated with the dApp SDK, offering developers a friendly development experience.
• DappOS is one of the earliest products dedicated to intent-centric design, providing a friendly experience for both users and developers, allowing users to avoid understanding complex on-chain product logic, serving as the infrastructure for introducing the next billion users.

0xScope

• Project Overview
• The 0xScope Protocol is a data knowledge graph protocol that links scattered data points across Web2 and Web3 into a real, dense, structured semantic data network through a set of graph-based aggregation algorithms, effectively aggregating scattered data into usable information.
• 0xScope aims to systematize and visualize dispersed data by integrating on-chain data across protocols, sketching user profiles, and helping Web3 protocol builders better understand users while providing data support for the integration of Web3 with the real world.
• Project Highlights
• One impressive feature of 0xScope is tracking and gaining insights into address owners and their relationships with other addresses. 0xScope is changing how people handle, use, and view data through a dual approach.
• We believe that 0xScope has created excellent products on both the user and developer sides, meeting the needs of both:
• On the user side, 0xScope is building an open-source data layer where people can upload, verify, process, and download Web2 and Web3 data. Currently, 0xScope has over 10,000,000 data tags and labels, supporting responsible on-chain data nodes that can parse the semantic layer of the real world.
• On the developer side, 0xScope is building analytical tools on this layer, showcasing possibilities to developers and paving the way for the community to develop powerful dApps. It provides API services to access various on-chain data, including entities, behaviors, web2 social connections, etc., supporting developers in building the information needed for dApps.
• In summary, we believe that 0xScope is the semantic layer for building Web3 user profiles and an important bridge linking Web2 and Web3 data.

About OKX Ventures

OKX Ventures firmly embraces the future of decentralized development, betting on decentralization and consistently serving the philosophy of innovation in the crypto industry. OKX Ventures is not a traditional financial investor; it not only "provides funds" but is also willing to "provide services" and has the capability to "provide resources." We are committed to accompanying all "entrepreneurial partners" in mutual growth. We aim not only to discover excellent teams, outstanding products, and innovative technologies but also to empower excellent entrepreneurial projects. At the same time, OKX Ventures acts as a connector between projects and the OK group. OKX ecosystem support: OKX Wallet, NFT Marketplace, OKX Chain; OKX Ventures leverages OKX's years of deep industry experience to provide multidimensional platforms and support for project development.

Despite the less-than-optimistic global macroeconomic environment and ongoing black swan events, OKX Ventures focuses on the development of the industry itself rather than the so-called bull and bear markets; we are more concerned with genuine theoretical innovations, truly operable new applications, real user inflows, and the overall growth of the industry. We are optimistic about the development in the Ethereum ecosystem, multi-chain ecosystem, Bitcoin ecosystem, infrastructure construction, and innovative applications in the coming months.