Orchestration layers are designed to provide users and developers with a simple user interface when interacting with web3 environments. Okto Chain similarly offers easy-to-use software development kits (SDKs) that allow developers to integrate web3 functionality into their applications. Users benefit from a more fluid user experience similar to web2 applications.

Thanks to the integration, CoinDCX users will now have access to more than 50,000 tokens in the web3 mode of the exchange application. This includes major ecosystems such as Polygon, Binance Smart Chain, Solana, Base, as well as 10 other chains.

Users will also be able to benefit from on-chain rewards, OKTO airdrops and self-custody services within the app. As part of the launch, the exchange is also rewarding users with Okto points for every web3 transaction.

Okto Chain’s chain abstraction facilitates interaction across multiple blockchains. In this way, CoinDCX users will be able to perform cross-chain token exchange and multi-chain authentication.

Web3 mode also allows CoinDCX users to use INR without the need for additional wallets. This means users can directly purchase tokens like ETH and Matic using fiat currency.

All transaction fees will be automatically managed by the orchestration layer. This means users do not need to manage multiple native tokens when interacting with different chains.

According to co-founder Neeraj Khandelwal, many web3 companies are still developing products with chain abstractions. However, Okto Chain is already using this technology on a large scale.

“CoinDCX users have given very positive feedback to the Okto Chain integration, especially in terms of user experience and accessibility,” Khandelwal told crypto.news. “We saw higher engagement than expected, indicating strong demand for a more user-friendly approach to web3.” “It shows that it is,” he said.

Okto Chain is a zero-knowledge chain secured by a decentralized set of Proof-of-Stake (PoS) validators, announced in May 2024.

The abstraction layer of blockchain integrates Decentralized Wallet Networks (DWNs) and Decentralized Transaction Networks (DTNs). DWNs manage federated wallet accounts secured by Multi-Party Computation, facilitating delegated signatures and permissions across different blockchains. DTNs, on the other hand, handle atochron transaction orchestration, managing tasks such as nonce management, gas fee estimation, and transaction lifecycle management across multiple chains.

Besides the CoinDCX app, the Okto Chain ecosystem can also be accessed through the Okto wallet. The cryptocurrency exchange launched the wallet through its defi unit Okto in 2022. The wallet offers users access to more than 100 decentralized applications (dApps) and more than 20 blockchains. Additionally, the wallet also allows holding OKTO token, the upcoming native token of the blockchain network.