The Development of the Web3 World and the Evolution of Wallets

The emergence of smart contracts has inspired people to create the world computer, with various decentralized applications (DApp) springing up like mushrooms after rain. From trading to lending, from games to NFTs, the convenience of blockchain technology and smart contracts has greatly simplified the on-chain development process, and different DApps can also be combined through smart contracts.

According to incomplete statistics, as of August 2022, the total number of DApps on various public chains has exceeded 4,000, and it continues to grow at a rate of several dozen per month.

An address is the basic unit for users to interact with smart contracts. Unlike traditional addresses, on-chain addresses can be completely anonymous, without the need for KYC, and users can create and operate multiple addresses. Having an on-chain address can be said to be a key step in truly entering the world of cryptocurrency. According to official data from Ethereum, as of August 2022, the cumulative number of addresses has exceeded 200 million, with a daily transaction volume maintaining above 1 million.

Blockchain and smart contracts empower users with true control over their data and assets, which is also the most important feature of Web3, and the tool for achieving this management is the Wallet. Just as a browser is the gateway to the internet, the Wallet can be considered the portal to the Web3 world. As the core infrastructure of the crypto world, the Wallet encompasses all on-chain asset and data-related operations, including the trading, holding, transferring of cryptocurrencies, as well as derivative operations such as staking.

From the perspective of development history, wallets can generally be divided into paper wallets/brain wallets, hardware wallets, software wallets, and other private key custody solutions. For most users participating in DeFi, NFT trading, and gaming, software wallets are the most commonly used option. Taking the most popular software wallet as an example, its monthly active users have exceeded 30 million. After users install the wallet, they will receive a string of mnemonic words consisting of 12 or 24 ordered English words. A set of mnemonic words can correspond to the private keys of multiple addresses, used for account recovery and migration.

For new users in the crypto world, the most important first lesson is to properly secure their mnemonic phrase. One of the costs of decentralization is that users must take full responsibility for their accounts and wallets, as no centralized institution can help “recover passwords.” Once the mnemonic phrase is obtained by others, the user’s wallet is essentially compromised. After becoming familiar with the secure operation of wallets, users can begin to explore the vast world of Web3. With over 100 software wallets on the market, how do we define an “excellent” wallet? We can look for wallet characteristics that best meet user needs based on current trends and hotspots in the crypto world.

The Rise of Multi-Chain Ecosystems: From Monopoly to Multiple Strong Players

The DeFi boom in 2020 attracted a large amount of capital into on-chain financial activities such as liquidity mining and arbitrage. The rise of GameFi in 2021 further expanded the cryptocurrency user base. Ethereum sacrificed speed while ensuring decentralization and security, and the surge in computational demands also led to skyrocketing transaction fees, making the cost of trading burdensome for small users. To reduce user costs and improve speed, multiple public chains quickly emerged against this backdrop, changing the landscape of Ethereum’s dominance.

From Ethereum-based L2 solutions to exchange-dominated public chains, and various emerging public chains compatible with EVM. Although many innovative DApps were initially proposed based on Ethereum, the compatibility of EVM makes migration relatively easy. According to the data, as of August 21, 2022, the top five public chains by seven-day active address count are a certain exchange platform chain, Ethereum, Polygon, Ronin, and Avalanche, with the certain exchange platform chain having 2.94 million active addresses due to its game-friendliness.

In terms of the total locked value in DeFi ( TVL ), Ethereum remains the absolute leader, accounting for over half of the total chain TVL, but we also observe that this proportion is gradually decreasing. A pattern of one strong leader and many strong competitors has formed, and users hope to easily manage their multi-chain assets and achieve cross-chain operations.

Staking Becomes Mainstream: From POW to POS

Since its inception, the POW consensus mechanism of Bitcoin has faced criticism for resource wastage. To address this issue, POS was innovatively proposed and quickly became the mainstream choice for various new public chains. Ethereum will also complete its transition to POS in September 2022, known as ETH 2.0. Ordinary users can participate through DPOS( delegating proof of stake) or staking as a service( SaaS) platforms, without needing to stake a large amount of tokens to become validators.

It can be said that staking is becoming the most convenient way for ordinary users to enter new public chains. While participating in staking to ensure the secure operation of the blockchain, users also earn staking rewards. Therefore, the security of staking and user experience are also important considerations when choosing to enter a new POS public chain.

One-stop entry: Follow the rapid development of Web3

Despite the dazzling combinations of DeFi’s Lego blocks, DeFi is just one application scenario in the vast Web3 world. DAOs, gaming, the metaverse, and many more scenarios that have yet to be imagined and created will together form the landscape of future Web3. More than 50 years after the birth of the Internet, few industries can continuously emerge with exciting knowledge, technology, and demand like Web3, making one marvel at the rapid development of Web3.

In the Web3 era, the previous “logging in with accounts from various platforms” will be entirely replaced by wallet logins. It can be said that the wallet is the primary gateway to the Web3 world. Faced with the dazzling and ever-changing Web3 industry, users need a wallet that allows them to explore upon entry, and then directly access DApps for a “one-stop” experience.

Omni: Creating a One-Stop Super Application for Web3

In summary, we have deduced the user’s demand for a high-quality Wallet from the current market hotspots, which includes a seamless multi-chain experience, convenient staking channels, and exploration of the Web3 world. Omni is precisely such a Wallet, which not only meets all the above requirements but also possesses what might be the most exquisite user interface on the market. Furthermore, Omni also supports basic functions such as fiat deposits from mainstream Wallets, importing Wallets, connecting hardware Wallets, and asset price displays.

Multi-chain Asset Management

After installing Omni, users can choose to create a new Wallet or import an existing Wallet, or they can choose to observe others’ addresses. Importing a Wallet only requires selecting the original Wallet type and pasting the mnemonic phrase. To ensure maximum security, Omni also supports hardware Wallets. Users can easily connect their accounts, ensuring that their private keys remain secure offline.

After entering the wallet account, Omni’s homepage displays the user’s multi-chain assets, ENS domain names, as well as direct staking entry and buttons for various DApps. Omni supports over 25 public chains, covering EVM-compatible chains, non-EVM chains, and various L2 solutions.

Omni supports NFTs on multiple mainstream public chains, and the range of support is expanding almost weekly. Users can view all NFTs in one place and set their favorite NFTs as the home screen background.

Omni supports direct cryptocurrency purchases via debit and credit cards. As a multi-chain Wallet, native cross-chain bridge support is essential. Users can begin to trial native cross-chain asset conversions at the end of August, including conversions between different EVM chains, as well as between non-EVM chains.

Omni provides price tracking features for various cryptocurrencies, including a range of native assets, staking tokens, and even yield aggregator vaults. All operations can be accessed directly through a few clicks on the Omni homepage.

Three-Point Staking and Yield Aggregation

Omni Wallet was originally named Steakwallet( Steak Wallet), as steak and stake( are homophones, which is precisely due to Omni’s signature “three-point staking” feature. Whether for newcomers unfamiliar with the concept of staking or DeFi veterans, Omni greatly simplifies the process, allowing users to complete operations directly within the wallet through Omni’s unique three-step process without needing to access other protocols or DApps.

Taking ETH staking on the staking platform as an example, users only need to click the corresponding option, decide the staking amount, review, and confirm the transaction. The whole process is quick, simple, and does not require leaving the Wallet to access other DApps.

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Three-point staking is applicable to more than 15 public chain assets, and users can also make regular investments through multiple staking service providers. Omni collaborates with various projects to support various staking certificates.

Omni natively supports certain yield aggregators on Ethereum and Fantom, allowing users to easily obtain the most optimized yield strategies. Compared to accessing the project’s website, in Omni, all these operations can be done without leaving the Wallet; users can directly obtain yields with just three simple taps.

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Exploring the Web3 World

The Omni exploration interface provides users with a comprehensive window to understand the different ecosystems supported by Omni, including the latest updates, news, native integrations for specific ecosystems, and DApp options across various industries.

The exploration page is divided into several sections:

• Overview

• Latest update information
• Weekly specials, focusing on a series of themes in Web3
• General news every week
• Top DApp Collection ) popular DeFi applications, top NFT platforms and marketplaces, etc. (

• Ecosystem Part

• The latest dynamics of various unique ecosystems
• Native integration of projects in the ecosystem
• Top DApps categorized by industry in the ecosystem ) lending, exchange, GameFi, yield aggregator, etc. (

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