Chiliz Chain’s partnership with Naver Pay, launched in September 2024, now allows users to create blockchain wallets directly within the payment app. Over 800,000 Naver Pay Wallets have been created on the Chiliz Chain, expanding Web3 access for South Korea’s 33 million-plus payment app users. Chiliz Chain became the first blockchain network integrated into the wallet system, signaling a major step toward mainstream Web3 adoption in Korea.
Naver Pay Wallet, a digital asset wallet designed for the South Korean market, has been integrated into Chiliz Chain. Korea’s biggest payments app with over 33 million users is bringing Web3 to the mainstream.
On-chain data show CHZ accumulation by whales and a shift in supply: only about 13% of CHZ’s total circulating supply sits on centralized exchanges, with roughly 5.63 billion CHZ held in Chiliz ecosystem wallets and cross-chain bridges and about 1.37 billion CHZ on exchanges. This distribution leaves roughly 3.15 billion CHZ actively circulating and available for trading. CHZ price climbed to around $0.06 during the rally and was around $0.038 at the time of writing.
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