Okto Chain, a leading orchestration layer that simplifies Web3 for users and developers, proudly announces its integration with CoinDCX, India’s largest centralized exchange. This strategic collaboration marks a groundbreaking advancement in chain abstraction, making Web3 accessible to a broader audience. The Okto ‘Orchestration’ Chain has empowered CoinDCX to fulfill its commitment to providing its 15 million users with direct access to Web3 investments within the app. With the new Web3 Mode, CoinDCX users can now seamlessly explore over 50,000 tokens directly within the CoinDCX App, vastly expanding their investment opportunities and revolutionizing their trading experience.
Okto is solving the biggest problem of Web3: abstracting its complexities. Okto Chain is leveling up chain abstraction by building a fully expressive orchestration layer. It simplifies web3 development by offering developers an integrated platform. It provides straightforward SDKs for building advanced applications and access to community-built Blocs (simple scripts). Okto handles the complexities of web3 across different ecosystems, making it easier to create apps while delivering a user experience similar to web2.
With chain abstraction powered by Okto’s ‘Orchestration’ Chain, CoinDCX users can now seamlessly interact with multiple chains, perform cross-chain token swaps, and confirm their identities across various networks—without dealing with the complexities of blockchain. All of this happens within the single, user-friendly interface of the app. There are no extra wallets, no network switching, and no transaction fees. Users will benefit from on-chain rewards, airdrops, low gas fees, and self-custody, all within the familiar CoinDCX environment. Users can experience Okto Chain on Okto self custody wallet and CoinDCX app. Okto also unveiled Okto points last month, committing a significant 7% token to Okto points.
“Last month, we introduced our fully expressive orchestration layer, a groundbreaking solution that holistically addresses chain abstraction. In just a month, the first product using this technology is already live for over 15 million CoinDCX users. This is a significant milestone as Okto Chain has successfully deployed the technology at scale, providing CoinDCX users with a mobile-native, web2-like trading experience for Web3 opportunities. Our mission is to simplify Web3 and make it accessible to everyone,” said Neeraj Khandelwal, co-founder, CoinDCX & Okto
“While a fully chain-abstracted product is still in the development phase for many web3 companies, we have already developed and deployed it at scale. Now the vision extends further, aiming to make blockchain so intuitive that users hardly notice it, tackling complex user interfaces, development challenges, inefficient asset management, and inconsistent security standards to drive widespread adoption and seamless interoperability in the blockchain ecosystem. Our aim is to bring 50 million people on blockchains by 2025, added Neeraj.
About Okto Chain
Okto is leveling up chain abstraction by building a fully expressive orchestration layer. Okto offers developers a unified platform to build next-generation applications on web3 rails by providing simple SDKs on one hand, and access to Protocol / community created Blocs on the other hand (think easy-to-use scripts). Okto does the heavy lifting of abstracting web3 complexities across fragmented ecosystem while providing users web2 like experiences.