OKC Monthly Report — August 2021

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

OKC is a public blockchain initiative developed by OKX 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 OKC.

Summary

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

OKC Ecosystem update

1. After OKC 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, OKC participated in the SmartCon event — hosted by Chainlink. OKX’s Lennix Lai was invited to participate in the conference and gave speeches on OKC and its future development.
3. OKC officially announced the start of the second season of OKC’s BUIDL IN METAFORCE Hackathon on Aug. 26.
4. Popular GameFi project Crypto Gladiator launched on OKC. 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 OKC 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 OKC.
7. FarmHero — a new DeFi protocol that integrates NFTs, farming and games — launched on OKC on Aug. 6.
8. D-wallet included OKC, providing users with simple private key management and a minimalist decentralized-application experience.
9. Huobi Wallet officially supports the OKC network.
10. SIL Finance officially launched on OKC and started yield-aggregating services.
11. Pickle Finance officially launched on OKC.
12. NFT platform SOTA officially joined the OKC ecosystem — allowing users to create and trade NFTs on OKC.

Technical progress

Development version update

• Exchain was updated to v0.19.1: https://github.com/okex/exchain/releases 

Functional development

• Added support for sorting cm tx types
• Added support for dynamic recommendation gp
• Optimized OKC 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 OKC in July, please take a look at our one-pager below:

[pdf id=132059]

Risk warning

OKC is an open-source, open decentralized public chain, and anyone can freely deploy projects. From the principle of blockchain technology, OKX cannot control the quality of any project on OKC, 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 OKC, you need to know:

1. Before using any project on OKC, 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 OKC’s mainnet and testnet for free, and OKC will not charge any fees;

3. Please make sure to distinguish between the OKC 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 OKC 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 OKC

OKC website: https://www.okex.com/okexchain
OKC docs: https://okexchain-docs.readthedocs.io/en/latest
OKC 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