2024 is regarded as the inaugural year of chain abstraction, and the transformation of the on-chain transaction paradigm has only just begun. The realization of chain abstraction is a long-term battle; after 12 months of effort, experience shows that the theories of the uselessness of chain abstraction and the quick victory theory are both incorrect. Chain abstraction is a high-dimensional narrative that covers technical paths such as cross-chain and interoperability. The author emphasizes the significance of innovation and progress in chain abstraction from the perspective of experience transitioning from researcher to builder, and refutes the theories of the uselessness of chain abstraction and the quick victory theory. The popularization of chain abstraction requires time, and transaction scenarios are the opportunity for the outbreak of chain abstraction. The transformation of the on-chain transaction paradigm relies on the continuous prosperity of new on-chain assets and users, and the foundation of chain abstraction products lies in the potential for seamless integration in a multi-chain world. As a representative of chain abstraction exchanges, UniversalX possesses non-custodial and chain abstraction attributes, meeting the demand for seamless liquidity across multiple chains. The market for on-chain transaction products will experience three stages of competition: demand competition, fee competition, and business model competition. UniversalX has a clear business model that supports the development of multi-chain trends. The author hopes to convey that the realization of chain abstraction is a long-term battle, and the transformation of the on-chain transaction paradigm has only just begun.