[Focusing on the product is the most important thing]
I have not participated in the early Particle Network; I began to understand chain abstraction from UX @UseUniversalX. The unity and focus of the boss and the team can reassure users. It is indeed important not to be distracted by certain voices.
After watching some of the future development plans shared by the boss, personally, I am more looking forward to superapps, which means one application dominating the world. However, the lessons learned from OKX serve as a warning; although the super app model will make things easier for many users and have its own followers, an application matrix is a better choice for future internationalization.
This morning, I saw that Particle's chain abstraction infrastructure Universal Account welcomed its first batch of third-party clients: @honeypotfinance, @ChimpxAI, @zkhelixlabs;
This is just the beginning. In the future, more and more projects will connect to chain abstraction. The development of a full-chain ecosystem is an inevitable trend. Although there will be different application matrices, you will be able to log in to all apps with one account. The overall experience is not much different from that of super apps, as the convenience is unmatched by the independent development of various chains. From Binance and BG starting to make CEX asset purchases on-chain, it can be seen that they have also realized this trend. However, the essence of chain abstraction is the abstract layer; it is not only about full-chain trading but also includes various ecosystems, including but not limited to UniversalP (chain abstraction contracts), UniversalE (chain abstraction savings), etc. This is something that CEX cannot compete with.
According to the boss's development plan mentioned above, the grand vision for chain abstraction has only unveiled a corner, while the rest seems too distant and is not my area of expertise. Moreover, with so many applications, UniversalX is not without development prospects; on the contrary, there is still much that needs optimization.
As an on-chain trading player, the 1% on-chain transaction fee has been a pain for a long time. The 0.9% from Axiom is just a starting point; in the future, it will only become more competitive and lower, gradually reaching the level of CEX at 0.1%. This is also a factor for users' long-term usage. It's understandable for a product to accumulate earnings with a 1% fee in the early stages, but it still needs to gradually lower the fees after the product starts generating revenue, using the earnings from old users to subsidize new users, gradually reducing the cost of fees for users, retaining them, and achieving steady growth in daily active users.
Many people will say, I do not have daily cross-chain needs, just like the meme trend; it won't be on BNBChain today and on Solana tomorrow. This means that seamless full-chain trading is not something that is always needed. At this point, what needs optimization in UX is the seamless, smooth, fast, and low-fee same-chain transactions. This is a basic function, and if not done well, there will be criticism. Then, based on this foundation, they can further optimize full-chain trading. UX must achieve these as it is also an important foundational application of chain abstraction. After all, on-chain is the future, and trading is the most basic function on-chain. This includes the subsequent UniversalP (chain abstraction contracts); chain abstraction wallets and contracts should be the most basic and fundamental functions of chain abstraction, and all optimizations must be done well.
In the end, all visions are just visions. Before they are realized, all these visions are mere bubbles. UX has made a very good start, and I hope the subsequent development of chain abstraction can achieve the planned goals. I also hope that the bosses will remain focused and united, and just get it done.
