Article source: Yue Xiaoyu.
Having followed the narrative of chain abstraction for a long time and discussed it extensively, I've finally seen the first truly usable chain abstraction application, which is a milestone for the chain abstraction sector!
UniversalX released by Particle Network is the first on-chain trading application that can have full chain liquidity without cross-chain.
1. The concept phase has lingered for a long time.
What exactly is chain abstraction?
Previously, many people in the community kept discussing chain abstraction, but before applications based on chain abstraction really emerged, everyone was more focused on concepts and technical principles in empty discussions, making it difficult to reach a consensus.
There are a thousand Hamlets in a thousand people's hearts. Only when Hamlet truly stands before you, facing such a flesh-and-blood person, can you truly clarify your own understanding.
2. Too many technical middlewares.
More importantly, the various chain abstraction projects mentioned earlier are all underlying infrastructures that help the application layer achieve chain abstraction.
The biggest problem with this technical middleware is that it cannot integrate well with applications, and there are always various issues in system interconnections, leading to suboptimal user experience.
This has led to everyone talking about chain abstraction, but no one has seen a product based on chain abstraction.
Therefore, the biggest factor hindering the implementation of chain abstraction is that a killer application has not yet emerged, making it impossible to achieve large-scale popularization in the market and among users.
3. The first end-to-end C-end application.
This time, Particle Network has created an end-to-end chain abstraction C-end application for the first time, directly showing everyone what the experience of chain abstraction is really like.
The product UniversalX gave me an eye-opening feeling. After the initial experience, I found that it was basically consistent with my previous expectations: users can complete various transactions without needing to perceive the characteristics of different chains, switch chains, or worry about gas fees.
Particle's product UniversalX is actually a benchmark that serves as a great demonstration effect, making everyone aware of the benefits brought by chain abstraction. This can allow other products to further explore the application of chain abstraction in different scenarios, such as wallets, payments, e-commerce, etc.
4. Entry from the trading scenario.
UniversalX is a trading product, and Particle's entry into the trading scenario is very clever and aligns well with market trends.
The scale of on-chain transactions is becoming larger and larger, especially under the current meme craze, where most meme transactions are basically on-chain.
Particle's UniversalX combines trading scenarios with chain abstraction precisely to adapt to this market trend.
Recently, after Hyperliquid's airdrop, the wealth effect has ignited the market, and people have begun to pay attention to the potential star DEXs that may emerge in this cycle. What will the next generation of DEX look like? The next generation of DEX must be products that have significant advantages in user experience and liquidity.
Particle provides its answer through UniversalX: DEX + chain abstraction = CEX-level user experience.
5. The new narrative is about to explode.
The adoption of new technologies often requires time and sufficient market momentum.
Only when the user experience and value are sufficiently high, high enough to far exceed the total of the original product experience plus migration costs, can a new technology achieve large-scale adoption.
The chain abstraction sector is in a transitional phase from concept to technology to application, and Particle's product is a milestone—the widespread adoption of chain abstraction at the application layer.
From Particle's product UniversalX, it is evident that the user experience has already created a generational gap compared to other products on the market, with a significant improvement in user experience.
The new narrative of chain abstraction is about to explode.
6. Both problems that must be solved have answers.
It was previously mentioned that if the current Crypto continues to attract a large number of users, two problems must be solved: the threshold for using wallets and the complexity of multi-chain operations.
This relies on two conditions: the maturity of wallet infrastructure and the integration of multi-chain patterns.
Wallet usage is too complicated, and it is necessary to provide ordinary users with non-private key wallets, so MPC wallets and AA wallets are very important.
Multi-chain operations are too complex, and it is necessary to provide ordinary users with a non-chain product experience. Therefore, chain abstraction is very important, allowing users to not worry about blockchain underlying features and use Web3 applications just like Web2 applications.
Both of these sectors have already made significant breakthroughs and progress, which means that the infrastructure layer of the Crypto industry is ready.
Looking forward to the Crypto industry in 2025.