➠Summary of Chain Abstraction Development in 2024 (including some personal opinions)

1. The narrative of chain abstraction started in 2023 and gradually emerged in 2024. The cross-chain interoperability, intention and account abstraction technologies that provide underlying support for chain abstraction are still in a stage of continuous development

2. Technology, timing and awareness of concepts have led to chain abstraction (ChA) occupying the hot list this year

(1) Technology: Before this year, a series of technologies that support chain abstraction were not mature

(2) Timing: Especially with the multi-chain structure of ETH L2, the market has prompted the demand for these integration solutions. Cross-chain interoperability alone is not enough

(3) Market awareness: An important decision to promote the development of chain abstraction is to help the market understand what it is? What it is not?

3. Chain abstraction has gradually been defined as a concept related to the on-chain experience, abstracting the chain and simplifying all unnecessary on-chain processes. I believe that this technology will also make a huge contribution to the industry's growth in the future!

4. Therefore, based on the above principles, many market solutions that focus on improving the interactive experience on the chain can be unified as chain abstraction (ChA)

5. Chain abstraction can also make great contributions from the development of the industry itself. For example, UniversalX, which I recommended before, can minimize the wear and tear in multi-chain Meme scenarios (but more transaction-related tools may need to be improved at this stage)

6. This year, many well-known chain abstraction solutions and applications have been launched in the market. In addition to UniversalX, there are: Arcana Wallet, Omni, Socket, OneBalance and XION, which has already TGE

7. In short, chain abstraction does not focus on a single chain. While integrating, it allows on-chain product applications to compete equally in a complete ecosystem. You can really use Web3 without considering the chain

The above