OKTC Project Progress Report (August 2021 Update)

Overview

• OKTC's TVL surpassed $2 billion within one week of full public access.
• OKTC Hackathon Season 2 launched on August 26.
• Participation in Chainlink's SmartCon event.
• GameFi project Crypto Gladiator went live on OKTC.
• Mainnet/testnet upgraded to v0.19.1, discontinuing Homestead signature support.

• Key technical milestones:

  • ExChain IAVL layer performance optimization completed.
  • EVM parallel transaction execution POC (90% code completion).
  • EIP-1559 compatibility development (50% progress).
  • Five critical bug fixes deployed.

OKTC Ecosystem Developments

1. Rapid Ecosystem Growth

• TVL exceeded $2B within a week of Phase 3 launch.
• Over 7,500 contracts deployed (164% monthly growth).

2. Strategic Partnerships & Events

• SmartCon 2021: OKTC’s Lennix discussed DeFi and NFT innovations alongside 200+ blockchain leaders.
• Hackathon Season 2: Focused on MetaForce and OKX’s $10M Metaverse Fund (official landing page).

3. GameFi & DeFi Highlights

• Crypto Gladiator:

  • 24-hour trading volume: 5,600 OKT.
  • 80,000+ new players, peaking at 12,000 concurrent users.

• New DeFi integrations:

  • FarmHero (NFT+Farming).
  • SIL Finance (yield aggregation).
  • Pickle Finance.

4. Infrastructure & Wallet Support

• ANKR: Full/archive nodes + Infura API.
• D-Wallet & Huobi Wallet: Added OKTC support for streamlined DApp access.

5. NFT Expansion

• SOTA Platform: Enabled NFT minting and trading on OKTC.

Technical Progress

Version Updates

• ExChain v0.19.1: GitHub Release.

Feature Development

• EVM Parallel Execution: 90% complete (POC stage).
• EIP-1559 Compatibility: 50% progress.

• Performance Optimizations:

  • IAVL layer enhancements.
  • Concurrent transaction processing in LevelDB.
  • Dynamic gas price recommendations.

Bug Fixes

• Resolved RPC/ETH behavioral inconsistencies.
• Improved eth_call execution speed.
• Fixed contract verification and account transfer limits.

Risk Disclaimer

OKTC is an open-source, decentralized public chain. Users must exercise due diligence:

1. No endorsements: OKX does not vet projects on OKTC.
2. Testnet vs. Mainnet: Testnet assets hold no value.
3. Security: Safeguard private keys and revoke unnecessary third-party approvals.
4. Inherent risks: DeFi/NFT participation carries volatility and smart contract risks.

👉 Explore OKTC’s latest developments

FAQ

1. What is OKTC’s current TVL?

As of August 2021, OKTC’s TVL exceeded $2 billion post-full public access.

2. Which wallets support OKTC?

D-Wallet, Huobi Wallet, and OKX’s native wallet offer full OKTC integration.

3. How does OKTC ensure transaction speed?