In the cryptocurrency market, "narrative popularity" is an important reference for investors to choose investment targets. According to the narrative share chart produced by the encryption market intelligence analysis platform Kaito AI, the narrative share of “Chain Abstraction” has grown most significantly since the beginning of the year, growing from 0.15% to 1.16%, an increase of over 673%.
According to Kaito AI, its Narrative Share metric measures the relative (%) social dominance of narratives across the market.
"Chain abstraction" refers to the process of eliminating the complexity and technical details that interfere with the user experience, without requiring a detailed understanding of the specific implementation details of each blockchain platform, making it easier for developers or users to interact with multiple differences. Blockchain interoperability. The difference between "chain abstraction" and "account abstraction" is that account abstraction focuses on simplifying interactions within a single blockchain, while chain abstraction aims to create a unified experience across multiple blockchains. Projects in this track include: NEAR Protocol, Socket Protocol, Particle Network, etc.
On the other hand, comparing August data with May data, we can find that the discussion of the DeFi narrative has increased significantly during this period. This result is consistent with the recent upward trend of tokens such as AAVE and UNI. .
Narrative matters in crypto, and we all love to track narratives.Before we dive into the juicy bits, here’s a short of recap of @_kaitoai's narrative mindshare methodology. To put it simply, our narrative mindshare indicator measures the social dominance of narrative relative… pic.twitter.com/fz85SaMROZ
— Sandra (@sandraaleow) May 15, 2024
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