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DeFi OKExChain

OKExChain Monthly Report — August 2021

2021.09.20 OKEx

A progress report for OKExChain development in the month of August 2021

OKExChain is a public blockchain initiative developed by OKEx that comprises a set of open-source chains that may be used as a platform for decentralized applications, including decentralized exchanges. For more detailed information, check out our guide to OKExChain.

Summary

  • OKExChain’s total value locked exceeded $2 billion one week after OEC announced the start of the third stage of its mainnet ecosystem construction.
  • OKExChain started the second season of the OKExChain hackathon on Aug. 26.
  • OKExChain participated in the SmartCon event — hosted by Chainlink.
  • GameFi project Crypto Gladiator launched on OKExChain.
  • Both OKExChain’s mainnet and testnet have been upgraded to v0.19.1, with homestead signatures no longer supported.

OKExChain Ecosystem update

  1. After OKExChain launched the third stage of its ecosystem construction, the total value locked exceeded $2 billion within one week of open deployment.
  2. On Aug. 7, OKExChain participated in the SmartCon event — hosted by Chainlink. OKEx’s Lennix Lai was invited to participate in the conference and gave speeches on OKExChain and its future development.
  3. OKExChain officially announced the start of the second season of OKExChain’s BUIDL IN METAFORCE Hackathon on Aug. 26.
  4. Popular GameFi project Crypto Gladiator launched on OKExChain. According to data released one day after launching, OKT transaction volume reached 5,600 OKT within 24 hours — with more than 80,000 new players. The highest number of concurrent online players exceeded 12,000.
  5. The total number of transactions on OKExChain is 25,867,371 — an increase of 368% from the previous month. The cumulative number of proposals is 44 and the number of holder addresses is 1,032,414 — an increase of 282% from the previous month. The number of contracts after deduplication is 7,595 — an increase of 164% from the previous month.
  6. ANKR has built infrastructure services for OKExChain.
  7. FarmHero — a new DeFi protocol that integrates NFTs, farming and games — launched on OKExChain on Aug. 6.
  8. D-wallet included OKExChain, providing users with simple private key management and a minimalist decentralized-application experience.
  9. Huobi Wallet officially supports the OKExChain network.
  10. SIL Finance officially launched on OKExChain and started yield-aggregating services.
  11. Pickle Finance officially launched on OKExChain.
  12. NFT platform SOTA officially joined the OKExChain ecosystem — allowing users to create and trade NFTs on OKExChain.

Technical progress

Development version update

Functional development

  • Added support for sorting cm tx types
  • Added support for dynamic recommendation gp
  • Optimized OEC snapshot production
  • Complete exchain iavl layer performance optimizations
  • Mempool supports skipping nonce
  • RPC’s *_SendTransaction interface adds tx pool to support concurrent sending transactions
  • Commit to leveldb process to achieve concurrent execution
  • Complete exchain iavl layer performance optimizations
  • EVM executes transaction poc development in parallel and the code is 90% complete
  • EIP-1559 format tx code-compatibility development is at 50%

Bug fixes

  • Solved inconsistent behavior between two RPC interfaces and Ethereum
  • Optimized slow executions of eth_call
  • PendingTx data summary optimized
  • Exchain-ethers contract deployment problem fixed
  • Fixed the transfer limit issue of the Cosmos bottom account
  • Fixed problem where the browser cannot verify the contract after the contract is locked

For more information about the development of OKExChain in July, please take a look at our one-pager below:

[pdf id=132059]

Risk warning

OEC is an open-source, open decentralized public chain, and anyone can freely deploy projects. From the principle of blockchain technology, OKEx cannot control the quality of any project on OEC, nor will it endorse and be responsible for any project.

There are certain risks in using any project on a decentralized public chain. Users need to identify the quality of the project themselves and be responsible for their own choices so as not to cause financial losses.

Before participating in any project on OEC, you need to know:

1. Before using any project on OEC, please confirm that you have understood all the designs behind it and are willing to take its risks;

2. All users and developers can participate in OEC’s mainnet and testnet for free, and OEC will not charge any fees;

3. Please make sure to distinguish between the OEC test environment and the main network environment. All assets in the test environment have no value. Beware of counterfeit currency fraud;

4. In the process of using any OEC chain project, you must manage your private key, do not disclose your private key to anyone, and be careful to authorize third-party projects.

About OKExChain

OKExChain website: https://www.okex.com/okexchain
OKExChain docs: https://okexchain-docs.readthedocs.io/en/latest
OKExChain forum: https://forum.okt.club/
GitHub: https://github.com/okex/okexchain
Telegram (CN): https://t.me/okexchain_cn
Telegram (global): https://t.me/okexchainglobal
Telegram (dev): https://t.me/okexchaintech

Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

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