On March 25, 2025, Binance Wallet's fourth on-chain new project $PARTI TGE attracted explosive attention 💥. According to official data, $PARTI was over-subscribed by 144 times, raising a total of 288,251 BNB, equivalent to a market value of approximately 173 million USD, setting a new historical high for Binance Wallet's new projects. Subsequently, $PARTI launched on Binance through the new project mechanism, while OKX opened trading directly. This rare dual-platform debut made Particle Network the focus of the crypto world. As a pioneer in the chain abstraction track, can Particle Network bear the weight of the crown?

Particle Network was established in 2022, initially focusing on B-end chain abstraction products, aiming to solve the pain points of multi-chain fragmentation in Web3. Its core product provides cross-chain collaboration technology for different blockchains and has served over 70 chains including BNB Chain, Avalanche, and Sei, covering both EVM and non-EVM ecosystems. In 2024, Particle Network launched UniversalX, a chain-agnostic non-custodial trading platform aimed at C-end users. Users can trade assets on any chain via UniversalX without manually bridging across chains. For example, a user holding Solana assets can directly purchase MEME coins on Arbitrum, with an operational experience close to CEX while maintaining decentralization.

Particle Network’s vision is to achieve 'One account, a thousand chains'. Its core product, Universal Accounts, manages all on-chain assets through a single address, supporting cross-chain transactions, unified balances, and any token payment for Gas. The official blog states that UniversalX has supported 12 EVM chains and Solana, with plans to expand the suite to more non-EVM ecosystems in the future. This technology not only reduces the complexity of cross-chain operations for users but also provides convenience for developers in cross-chain dApp development.

Particle Network has raised over 30 million USD in total funding, with investors including Binance Labs, GSR, YZI Labs, Spartan Group, as well as Web2 giants Alibaba and Animoca Brands. In May 2022, it raised 1.5 million USD in a Pre-Seed round, 7 million USD in a Seed round in March 2023, and 15 million USD in an A round in June 2024, reaching a valuation of 200 million USD. Alibaba's participation is particularly noteworthy, demonstrating the potential of the chain abstraction track as an industry infrastructure. As for how high it can fly next, it depends on how much the project can land.