Milestone of Chain Abstract Applications: The First Truly Usable Full-Chain Seamless Trading Platform

The concept of chain abstraction has been discussed for a long time, but it has remained at the theoretical level. Until recently, we have finally seen the first truly usable chain abstraction application, which is an important milestone for the entire industry.

The new product launched by a certain company is the first on-chain trading application that achieves full-chain liquidity without the need for cross-chain transactions. This marks an important breakthrough in the practical application of chain abstraction from concept to reality.

From Theory to Practice

Previously, chain abstraction was more of an abstract concept, lacking specific landing products. Different people had different understandings of it. Only when real products emerge can we clearly recognize the actual significance and value of chain abstraction.

Limitations of Technical Middleware

Most of the chain abstraction projects mentioned in the past are underlying infrastructure, existing as technical middleware. These middlewares are difficult to perfectly integrate with the application layer, often leading to various integration issues that affect user experience. This has resulted in chain abstraction being difficult to popularize, lacking a killer product that can be widely applied.

The First User-Focused Chain Abstraction Application

Now, we finally see the first chain abstraction application aimed at ordinary users. The actual experience of this product is basically consistent with expectations: users do not need to understand the characteristics of different blockchains, switch networks, or worry about gas fees, and can easily complete various transactions.

This product sets a benchmark, demonstrating the convenience that blockchain abstraction can bring to users. It provides a reference for exploring blockchain abstraction applications in other fields such as wallets, payments, e-commerce, and more.

Strategic Choices from the Trading Scenario Perspective

Choosing a trading scenario as an entry point is a wise move that aligns with current market trends. With the continuous expansion of on-chain trading scale, particularly driven by the meme token craze, the demand for on-chain trading has surged.

This product effectively meets market demand by combining chain abstraction technology and trading scenarios. It provides a possible development direction for the next generation of decentralized exchanges (DEX): through chain abstraction technology, the DEX is expected to achieve a user experience at the level of centralized exchanges (CEX).

The widespread application of chain abstraction is imminent.

The large-scale adoption of new technologies requires time and market impetus. Only when the experiences and values brought by new technologies far exceed those of existing products will users be willing to change their habits.

Chain abstraction is transitioning from the conceptual and technical stage to the practical application stage. The emergence of this product is an important milestone, signaling that chain abstraction is about to be widely adopted. From a user experience perspective, it is already significantly better than other products on the market, which may trigger a new wave of enthusiasm for chain abstraction technology.

Addressing Two Major Challenges in the Cryptocurrency Industry

To attract more users to the cryptocurrency industry, two core issues must be addressed: lowering the threshold for wallet usage and simplifying multi-chain operations.

For wallet issues, non-custodial wallets such as MPC wallets and AA wallets are key. Chain abstraction technology can greatly simplify multi-chain operations, allowing users to use Web3 applications as easily as Web2 applications without needing to worry about the underlying technical details.

Currently, both fields have made significant progress, laying a solid foundation for the infrastructure of the cryptocurrency industry. We have reason to expect robust growth in the cryptocurrency industry by 2025.