July 17 Crypto News – OKX Wallet Now Supports 100 Protocols with Latest TON Integration

July 17 Crypto News – TON Compatibility Pushes OKX Wallet to 100 Supported Protocols

July 17 Crypto News – OKX has added support for the Toncoin (TON) network, which is associated with the Telegram messaging app, to its standalone Web3 wallet. This integration marks the 100th protocol supported by OKX Wallet, aligning with its “on-chain, any chain” philosophy. The wallet operates separately from OKX’s centralized exchange (CEX) and integrates into its decentralized exchange (DEX).

Curated Token Listings and Standards

Despite its broad protocol support, OKX Wallet maintains a curated approach to token listings. Chief Marketing Officer Haider Rafique emphasized the importance of timing and demand in their listing process. “Our listing process typically revolves around a couple of things. First, we want to see some terminal velocity before considering a listing. We aim for the right timing when there’s already a built-up community and significant demand. If we launch something without sufficient demand, it doesn’t fit well with our role,” Rafique explained.

Toncoin’s Popularity on OKX Exchange

Market data from CoinMarketCap indicates that Toncoin has become a breakout hit on OKX. It ranks as the sixth most-traded coin on the centralized exchange, trailing only behind major pairs like BTC-USDT and SOL-USDT.

According to Rafique, TON trading volumes tend to spike with the introduction of new gamification features, which drive user interest and engagement. “The utility most people are excited about is the ease of participating in network incentives and programs. This gamification aspect is the most popular, based on various signals we track. Of course, there are speculators who just want to hold the token, hoping it appreciates because it’s backed by Telegram,” he noted.

TON’s Growing Ecosystem

As reported by CoinDesk, the expanding TON-based economy, centered around Telegram, has contributed to the token’s strong performance compared to the broader crypto market. This trend underscores the growing influence of TON within the crypto ecosystem.

Expanding Protocol Support

Prior to integrating TON, OKX Wallet had already expanded its capabilities by adding support for NEAR, Blast, and zkLink Nova chains. In addition, the wallet recently integrated Uniswap Labs’ trading APIs and launched a platform for Web3 game developers, further enhancing its ecosystem.

OKX Wallet’s integration of the TON network highlights its commitment to providing comprehensive and curated access to various blockchain protocols. As it continues to expand its support for diverse chains, OKX Wallet remains a key player in the decentralized finance (DeFi) space, offering users a robust and versatile platform for their crypto activities.

FAQ on OKX Wallet’s Integration of Toncoin (TON) and 100 Protocol Support

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