Prospects and opportunities of chain abstraction

In this year’s narrative competition, chain abstract narratives grew by 673% (however, the top four are still AI, DeFi, Meme, and L2).

 Next, let’s talk about some of the leading players in chain abstraction. Mr. Pan @nake13 has also talked about this before. The three representative solutions of chain abstraction are @NEARProtocol, @ParticleNtwrk and @0xPolygon.

Link: https://substack.chainfeeds.xyz/p/20

Near

Particle Network

We simply understand Particle Network (which has just been invested by Binance) as a modular Layer1, and users can use Particle to schedule the status and assets on other chains (mainly supporting EVM). Compared with Near, the advantage of Particle is that it can aggregate and bundle user transactions to achieve batch signatures and transactions. The user experience of this method is better and the Gas fee may be lower.

The first chain abstraction project on Particle, Universal Account, has entered the internal testing phase. Users can create an account directly through Passkey (face recognition or social account), or they can drive it based on an existing wallet, and smoothly mobilize the liquidity of any chain to realize user intentions.

Polygon

Polygon's AggLayer is a bridge that can unify cross-chain liquidity, users and status, connecting multiple independent blockchains to provide users with unified liquidity and operation experience. Its limitation is that it cannot be expanded to major blockchains in a standardized manner, and the core is still around the Polygon CDK ecosystem. As Mr. Pan mentioned, "other chains may not necessarily accept this unified cross-chain bridge contract for liquidity, which will bring some resistance to accessing new public chains unless this solution can be accepted by all other public chains or become a broad industry standard."

Finally

As I mentioned in my tweet, one of the main problems encountered in the booming development of multiple chains is the fragmentation of liquidity - each chain is doing its best to attract users and liquidity. Solana is meme summer, Arbitrum is $ARB incentive, Coinbase is pushing Base ecology and meme, and BSC has become popular again recently. Users are like mercenaries, staring at the wealth opportunities of each chain to transfer their liquidity through cross-chain bridges or CEX.

The user experience under this model is really too poor, and sometimes you will miss the wealth opportunities on other chains because of laziness. As I said in the previous article, the development of the chain abstraction track will largely solve the needs of many current users, and demand will bring growth.

I am still looking forward to chain abstraction being able to produce a product that is popular with users, just like the meme hype promoted the development of TG Trading Bot. The modular track brings "the mutual combination of independent infrastructures", and chain abstraction brings "the mutual unification after combination". The development of chain abstraction will also be multi-layered. The underlying infrastructure is the interaction layer mentioned above, and the front end is likely to be those ambitious wallets.