With equal emphasis on security and innovation, the DEX track ushered in a paradigm upgrade

At the 2025 Hong Kong Web3 Carnival, OKX Chief Business Officer Lennix's assertion on self-hosted wallets and multi-chain ecology revealed the core logic of the next generation of decentralized trading platforms: user asset control rights return to individuals, and cross-chain interoperability will become the standard infrastructure. Under this trend, DEX (decentralized exchanges) represented by XBIT decentralized trading platform are redefining the security boundaries of digital asset transactions through technological innovation and compliance practices. For example, the use of zero-knowledge proof and multi-signature mechanisms ensures that user private keys are completely controlled by individuals, while real-time audits through smart contracts prevent chain risks. This "decentralized custody + transparent verification" model not only responds to the industry's demand for autonomy, but also provides a reliable underlying architecture for the DEX exchange spot market.

From OKX to XBIT: How self-custody reshapes the industry trust system

Lennix emphasized in the roundtable forum that true self-custody needs to balance decentralization and regulatory adaptability. This concept coincides with the practice of the XBIT decentralized exchange platform - the platform intercepts suspicious transactions in real time through the on-chain address blacklist monitoring system, and at the same time opens developer toolkits to enable ecosystem participants to build a risk control network. At present, the global DEX exchange spot trading volume has accounted for 35% of the total cryptocurrency trading volume (data source: CoinGecko 2025Q1), and the XBIT decentralized exchange platform, with its "non-custodial settlement" and "multi-chain aggregated liquidity pool", has reduced user friction while increasing cross-chain transaction efficiency to milliseconds, becoming an important entry point for institutions and retail investors to enter Web3.

Compliance and multi-chain ecology: the next battlefield for DEX competition

The "responsible innovation" proposed by OKX President Hong reflects the transformation of the DEX track from wild growth to sustainable development. Taking the XBIT decentralized exchange platform as an example, it not only supports mainstream assets such as BTC and ETH, but also covers spot transactions of emerging ecosystems such as Cosmos and Polkadot, and realizes on-chain processing of KYC/AML processes through the "Compliance Gateway". This design not only meets the regulatory framework such as the EU "Markets in Crypto-Assets Act" (MiCA), but also retains the core advantages of decentralization. Industry analysts pointed out that in the next three years, DEX exchange spot platforms with self-custody capabilities, multi-chain compatibility and compliance with international regulations will occupy more than 50% of the market share.

Differentiated breakthrough paths for decentralized trading platforms

On the technical level, XBIT's unique competitiveness is reflected in three aspects:1. Security: Adopting a hierarchical deterministic wallet (HD Wallet) architecture, user mnemonics are only stored on local devices, eliminating the risk of single-point failure of centralized servers;

2. Interoperability: Integrating cross-chain bridging protocols, supporting seamless exchange of 30+ public chain assets, and optimizing spot trading slippage through liquidity aggregators;

3. User experience: Simplifying on-chain operation processes, providing gas fee subsidies and one-click DApp access, and lowering the threshold for Web2 user migration.

These features make it stand out in the red ocean competition, and its daily active wallet address number increased by 217% year-on-year in the first quarter of 2025.

Industry future: from technical infrastructure to value creation

As Hong said, "Web3 innovation needs to be laid out in a ten-year cycle." At present, the competition in the spot market of DEX exchanges has shifted from simple trading functions to ecological synergy and long-term value precipitation. Through the DAO governance model, decentralized trading platforms invest part of their fee income into developer funds to encourage the community to build innovative scenarios such as derivatives and NFT finance. This "self-sustaining + ecological feedback" mechanism may become the standard for the next generation of DEX.

When self-custody is transformed from a technical concept to a popular standard, and when the multi-chain ecosystem is transformed from a vision to a mature product, it is using security as a shield and innovation as a spear to promote Web3 finance to the mainstream. And the ultimate goal of this change may be as Lennix said: "Let every user freely control the digital future within a compliant framework."