The post South Korea’s Naver Pay Wallets Cross 800K on Chiliz Chain appeared on BitcoinEthereumNews.com.

Key Highlights: Over 800,000 Naver Pay Wallets were created on the Chiliz Chain, expanding Web3 access for South Korea’s 33M+ payment app users. The Chiliz–Naver Pay partnership, launched in September 2024, introduced blockchain wallets directly within the payment platform. On-chain data also showed major CHZ accumulation by whale addresses, reducing exchange supply and drawing market attention. Over 800,000 wallets linked to Naver Pay have already been created on the Chiliz Chain, according to recent data. Naver Pay remains one of South Korea’s largest payment applications. The platform serves more than 33 million users.  The collaboration between the two companies began in September 2024. At the time, they announced plans to launch Naver Pay Wallet, a digital asset wallet designed for the South Korean market. Chiliz Chain became the first blockchain network integrated into the wallet system. As a result, the platform now allows users to create blockchain wallets directly within the payment application.  Chiliz ($CHZ) Whale Activity Reduces Exchange Supply At the same time, recent on-chain data has drawn attention to activity around CHZ tokens. Analysts reported signs that large investors accumulated the token before a major global sporting event, believed to be linked to football’s FIFA World Cup cycle. Data cited by the research platform Nansen and trading analysts suggests a noticeable drop in exchange balances. Only about 13% of the total circulating supply of CHZ currently sits on centralized exchanges. The overall circulating supply stands near 10.15 billion tokens. Of that amount, roughly 5.63 billion remain held in wallets connected to the Chiliz ecosystem and cross chain bridges. Another 1.37 billion tokens sit on exchanges. This distribution leaves an estimated 3.15 billion CHZ actively circulating and available for trading in the market. Korea’s biggest payments app with over 33M users is bringing Web3 to the mainstream. 🇰🇷 800,000+…

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Filed under: News - @ March 10, 2026 5:28 am