According to official news, XION is integrating with MultiversX to introduce chain abstraction into the MultiversX ecosystem. This integration introduces seamless flow of native assets and cross-chain accounts across ecosystems, solves the problem of ecosystem fragmentation and unifies user experience, and also allows builders to attract more users and liquidity in MultiversX's high-speed, low-cost network.
In addition, this integration will allow developers to build custom L2 and application chains that are interoperable with XION's ecological integrated chain network, which will unlock cross-chain composability for applications and benefit from fast, low-cost transactions, further accelerating the adoption of Web3.