OKX has expanded its wallet capabilities by incorporating support for the Toncoin (TON) network, associated with the Telegram messaging app. This addition marks the 100th protocol supported by the OKX Wallet, furthering its commitment to an “on-chain, any chain” philosophy.

The OKX Wallet, a standalone Web3 product operating independently from the centralized exchange (CEX), integrates seamlessly into OKX’s decentralized exchange (DEX).

While OKX strives to provide access to a broad spectrum of tokens and protocols through its wallet, it also prioritizes a curated user experience. Not every token meets its stringent standards, as explained by Chief Marketing Officer Haider Rafique in a recent interview.

“Our listing process typically revolves around a couple of criteria. First, we seek tokens that exhibit some terminal velocity before considering a listing,” Rafique stated. “We aim for optimal timing, ensuring there’s already a robust community and substantial demand. Launching tokens without sufficient demand misaligns with our objectives.”

Market data from CoinMarketCap reveals that TON has been exceptionally successful on OKX. It ranks as the sixth most-traded coin on the centralized exchange, trailing only the BTC-USDT and SOL-USDT trading pairs. Rafique noted that trading for TON typically surges when new gamification features are introduced, driving user interest and engagement.

“The utility most people are excited about is the ease of participating in network incentives and programs. This gamification aspect is the most popular, based on various signals we track,” Rafique said. “Of course, there are speculators who simply want to hold the token, hoping it appreciates due to its backing by Telegram.”

As CoinDesk reported, the burgeoning TON-based economy, utilizing Telegram as a central hub, has significantly contributed to the token’s recent outperformance of the broader crypto market.

Before incorporating TON, OKX Wallet had already expanded its capabilities by supporting the NEAR, Blast, and zkLink Nova chains, according to a company release.

Additionally, OKX Wallet recently integrated Uniswap Labs’ trading APIs and launched a platform designed for Web3 game developers.