BitHappy
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Bearish
Previously, Alpha 2.0 used exchange tokens to purchase on-chain tokens.
From a technical perspective, although this is also a form of "chain abstraction/intention", it seems less significant compared to injecting exchange liquidity into the chain.
Now, Web3 wallets can also directly use exchange funds to purchase on-chain tokens.
In this case, technology is more important than liquidity, after all, everyone has a rough idea of how much liquidity or traffic Binance Wallet has.
However, with Binance's capabilities, there is still a lot of room for development in Web3 wallets in the future.
So, what will you do with the "chain abstraction/intention" products?
The advantages of large channels are like raging waves, while you are like little boats.
I previously asked in Binance Wallet's Space: "When will we transition from multi-chain wallets to chain abstraction wallets?" And now it has really come, and even faster than I expected.
One more thing, Binance has a pioneering role, just as the launch of Alpha 2.0 prompted many exchanges to follow suit with similar products.
The introduction of Binance's wallet using CEX funds to purchase DEX tokens will definitely prompt other exchanges to follow.
However, it is highly likely that OKX Wallet will not launch CEX to buy DEX tokens; it is estimated that when OKX updates its version, it will be the complete version of the chain abstraction/intention wallet.
I have also expressed my skepticism about airdrop task platforms, as OKX Wallet and Binance Wallet are doing this, and others are following.
Especially since Binance Wallet's Slogan was still about being the largest airdrop platform, which greatly crushes the survival space of similar projects.
From a technical perspective, although this is also a form of "chain abstraction/intention", it seems less significant compared to injecting exchange liquidity into the chain.
Now, Web3 wallets can also directly use exchange funds to purchase on-chain tokens.
In this case, technology is more important than liquidity, after all, everyone has a rough idea of how much liquidity or traffic Binance Wallet has.
However, with Binance's capabilities, there is still a lot of room for development in Web3 wallets in the future.
So, what will you do with the "chain abstraction/intention" products?
The advantages of large channels are like raging waves, while you are like little boats.
I previously asked in Binance Wallet's Space: "When will we transition from multi-chain wallets to chain abstraction wallets?" And now it has really come, and even faster than I expected.
One more thing, Binance has a pioneering role, just as the launch of Alpha 2.0 prompted many exchanges to follow suit with similar products.
The introduction of Binance's wallet using CEX funds to purchase DEX tokens will definitely prompt other exchanges to follow.
However, it is highly likely that OKX Wallet will not launch CEX to buy DEX tokens; it is estimated that when OKX updates its version, it will be the complete version of the chain abstraction/intention wallet.
I have also expressed my skepticism about airdrop task platforms, as OKX Wallet and Binance Wallet are doing this, and others are following.
Especially since Binance Wallet's Slogan was still about being the largest airdrop platform, which greatly crushes the survival space of similar projects.
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