- Users can now instantly swap Solana-based memecoins by selecting preset amounts - such as 0.5, 1, 2 or 5 SOL - saving time and simplifying the trading process
- The launch of 'Meme Mode' comes amid significant growth in the Solana memecoin market, which now has a total market cap exceeding $9 billion
SINGAPORE, July 23, 2024 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, today announced the launch of 'Meme Mode,' a new feature on its OKX Wallet. This feature enables users to buy and sell Solana-based memecoins more intuitively and quickly by selecting preset amounts of SOL when swapping memecoins via third-party DEXs on OKX Wallet.
The launch of 'Meme Mode' comes amid significant growth in the Solana memecoin market, which now has a total market cap exceeding $9 billion - highlighting the potential impact of the new OKX Wallet feature on the Solana memecoin trading experience. Previously, OKX Wallet users had to manually input the amount of tokens they wanted to swap. With the new feature, users can now swap memecoins by selecting preset amounts - such as 0.5, 1, 2 or 5 SOL - saving time and simplifying the trading process.
This announcement comes after several recent enhancements to the OKX Wallet; earlier this year, OKX became the first major industry player to fully integrate Uniswap Labs' trading APIs into its offerings. This integration included the launch of the 'Snap' trading mode feature on OKX Wallet, aggregating Uniswap’s industry-leading liquidity to enable gas-free swaps. Additionally, as an aggregator of nearly 500 other DEXs and approximately 20 bridges, OKX Wallet offers traders the following benefits:
- Discover tokens on any chain: Find the newest tokens from Solana, Ethereum, Base and nearly 100 other chains
- Full self-custody: Users maintain full control of their assets, unlike many trading bots that use a custodial centralized exchange
- Zero fees: Trade with zero fees, unlike most trading bots that charge 1%
- Use limit orders: Take profits at favorable prices using limit orders
- Monitor liquidity: Track market movements, asset flows and transactions easily
- Single-click bridging: Bridge across multiple chains (e.g. SOL > ETH, ETH > BASE_ETH, SOL > BTC) with just one click
- Access from anywhere: Trade 200,000+ tokens via web, browser extension and mobile
Memecoins are digital currencies that draw inspiration from trending internet memes or jokes, and often adopt the names and symbols of these memes. For example, Dogwifhat (WIF) is a Solana-based memecoin that features a Shiba Inu wearing a pink knitted hat.
For further information, please contact:
Media@okx.com
About OKX
OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX offers a secure and trustworthy platform that provides responsible crypto traders with innovative tools to access the world of crypto.
As a global brand and top partner of Manchester City FC and McLaren Racing, OKX uses Web3 technology to redefine how fans connect with their favorite teams. Recent examples include its Unseen City Shirts and Race Rewind digital collectible campaigns, which offer fans real-world benefits like exclusive match-day and trackside experiences. As the Presenting Partner of Tribeca Festival, OKX also empowers artists and creators through Web3.
In line with its "on-chain, any chain" philosophy, OKX contributes to the growth of the Web3 ecosystem via its secure, interoperable and self-custody enabled OKX Wallet. OKX Wallet is a user-friendly gateway to the on-chain world, connecting to over 100 blockchains, 10,000 dApps, 170+ DeFi protocols, 300,000 tokens and 490+ decentralized exchanges (DEXs).
OKX is committed to transparency and security, and publishes its Proof of Reserves monthly to build trust. It is also dedicated to expanding its educational resources through OKX Learn, making digital assets accessible and understandable for a broader audience.
To learn more about OKX, download our app or visit: okx.com
