HONG KONG, JUNE 22, 2023 - OKX Ventures, the investment arm of the second-largest crypto platform by trading volume and Web3 technology company OKX, is pleased to announce its strategic contribution to Shutter Network, an open-source project that aims to prevent malicious MEV and front running on Ethereum.
Malicious miner-extractable value (MEV) describes revenue that block producers extract by manipulating transactions. A subset of MEV is front-running, in which an attacker attempts to have their own transaction executed ahead of the one broadcast by users. MEV and front-running are recognized as some of the final unsolved fundamental problems in the blockchain space.
Shutter Network aims to solve for malicious MEV and front-running by allowing users to send encrypted transactions that are opaque to front runners. Shutter Network is additionally decentralized and gas-efficient.
OKX Ventures Founder Dora Yue said: “At OKX Ventures we are committed to building a sound and secure on-chain environment through considered investments in high-impact projects. We are confident that Shutter Network will continue to contribute to network stabilization and add further value amid the exponential growth of MEV.”
In May of 2023, Shutter Network launched Shutter protoDAO, which represents a significant step towards decentralization of Keypers nodes.
OKX Ventures will continue to support projects that seek to overcome obstacles to the mainstream adoption of blockchain technology.
Introducing 'Smart Picks': First-of-its-Kind AI Feature Highlighting Top Automated Trading Strategies
Industry's first AI-powered feature that identifies and presents top-performing automated strategies from our most popular strategy categories and applies them to BTC, ETH and SOL Smart Picks simplifies the process of choosing and executing effective strategies
22 apr 2025
29
OKX
Announcing the new OKX Wallet app
A message from OKX CMO Haider Rafique : We're into the year 2025 with an introduction to a new OKX Wallet App - which is now available on the App Store and Google Play. We've long debated whether to keep our DeFi wallet as part of our primary OKX App. Ultimately, we decided to separate the apps and put them out in the world to see if standalone apps become more popular.
16 apr 2025
54
Industry news
Our Global Growth in Focus as we Announce Title Sponsorship of TOKEN2049 in Dubai
We announced today that we are one of the title sponsors of TOKEN2049 in Dubai, the premier crypto event bringing together founders and executives of leading Web3 companies and projects. The conference will see global leaders from OKX join other executives to discuss trends and growth within the industry, offering insights into a sector that has seen substantial growth in the past year.
3 apr 2025
19
OKX
OKX Australia Earns Two 'Highly Commended' Awards at Finder Crypto Trading Platform Awards 2025
At this year's Finder Crypto Trading Platform Awards 2025 , we took home 'Highly Commended' designations for the Best Crypto Exchange and Best Advanced Crypto Trading Platform categories.
These awards from , a trusted source for information on financial products for millions of Australians, reflect the progress we've made to create an innovative, easy-to-use and truly local platform for our growing community here in Australia.
3 apr 2025
3
Proof of Reserves
Our 29th Proof of Reserves: $24.6bn in primary assets, up 11% year-on-year
Our 29th consecutive Proof of Reserves (PoR) report is now live, demonstrating $24.6 billion in primary assets backing customer funds.
Our latest PoR, independently audited and verified by blockchain security firm , shows:
3 apr 2025
17
Web3
OKX and Lifeform Launch Season 5 of Cryptopedia with Learn-to-Earn Prize Pool of USD300,000 in Lifeform Tokens for Over 11,000 Users
__SINGAPORE, AUGUST 3, 2023__ - [OKX](/?ACE514357), a leading Web3 technology company, and [Lifeform](https://www.lifeform.cc), a pioneer of decentralized digital identity solutions, today jointly lau