The blockchain industry faces significant challenges in achieving the simplicity of everyday transactions found in traditional finance. Despite the security and immutability of blockchain, user-friendly interactions with everyday payments pose substantial hurdles. To overcome these, a new standard must be set to ensure liquidity-free movement without compromising decentralization. However, the current state of blockchain composability, the ability for different protocols and systems to cooperate and build harmoniously, is fragmented and disconnected.

Each blockchain, bridge, or decentralized application (dApp) often creates its own custom solutions, further disconnecting the space and reducing any chance of composability between chains. This divide creates barriers to the movement of assets and liquidity access between blockchains, applications, and platforms. A significant new universal standard must be created to enable value retention of assets without sacrificing functionality or requiring repeated reconfiguration to facilitate movement across different chain or dApp infrastructure.

Sumer.money is an example of a protocol addressing these composability challenges, working to become the asset abstraction layer for Web3 through its omni-chain synthetic assets and money market protocol. Synthetic assets can digitally represent real-world assets and other digital assets, without losing peg to their actual value. This enables protocols like Sumer.money to empower users with the ability to leverage their assets throughout the blockchain ecosystem.

However, the path to creating a universal standard is fraught with hurdles. Despite the potential of synthetic solutions and protocols like Sumer.money, the transition to a user-friendly Web3 environment free of technical complexities remains a significant challenge. The industry's outlook remains pessimistic, with a long road ahead to achieve the desired level of composability and interconnectedness.