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UniversalX redefines chain abstract applications, making full-chain Liquidity trading a reality.
Milestone of Chain Abstraction Applications: Launch of UniversalX
The abstract concept of blockchain has been discussed for a long time, but truly usable applications have yet to emerge. Recently, a groundbreaking product has finally appeared, bringing significant progress to this field.
UniversalX is the first on-chain trading application to achieve full-chain liquidity without the need for cross-chain transactions. Prior to this, chain abstraction mostly stayed in discussions at the conceptual and technical levels, lacking specific applications to validate its value. Many projects focus on developing underlying infrastructure, but these technological middlewares often struggle to seamlessly connect with the application layer, affecting user experience.
As an end-to-end C-end application, UniversalX provides users with a practical experience of chain abstraction. Users can complete various transactions without worrying about the characteristics of different chains, switching networks, or considering gas fees. This convenient experience serves as a demonstration for other fields such as wallets, payments, and e-commerce to explore chain abstraction applications.
Choosing a trading scenario as an entry point is a wise move, especially given the current trend of expanding on-chain trading volumes. UniversalX combines chain abstraction technology to provide users with an experience close to that of centralized exchanges while maintaining the advantages of decentralization.
The large-scale adoption of chain abstraction technology requires sufficient market momentum and significant user value. The launch of UniversalX marks an important turning point in the transition of chain abstraction from concept to practical application, indicating the direction for the entire industry.
The current cryptocurrency industry faces two major challenges: lowering the wallet usage threshold and simplifying multi-chain operations. The development of MPC wallets and AA wallets helps to address the first issue, while chain abstraction technology aims to solve the second issue. As these infrastructures continue to mature, the cryptocurrency industry is preparing for large-scale applications in the future.
Looking to the future, the development of chain abstraction technology will bring a more streamlined and efficient user experience to Web3 applications, with the potential for broader applications and breakthroughs by 2025.