Post-Pectra Era - Status Summary of Leading Projects in the Chain Abstraction Track👀
Mr. Market is always right. From the results of the crypto market trends following the Pectra upgrade, the most beneficial asset remains Ethereum's native token ETH, similar to the outcomes from the previous Shanghai and Cancun upgrades in the secondary market.
Previously, the market expected that the EIP-7702 upgrade of Pectra would be favorable for the robust development of chain abstraction, but the dismal adoption data (19,206 authorizations and 11,145 transactions as of now) has proven otherwise.
However, the long view should be taken; if we do not limit ourselves to the adoption of EIP-7702 and the price performance in the secondary market, the replacement rate of smart contract wallets is continuously rising, iterative optimizations of the chain abstraction paradigm are ongoing, and the chain abstraction track maintains a vibrant and high-energy state of competition.
The following is a status summary of leading projects in the chain abstraction track:
1⃣ According to Dune's report on "Crypto Wallets 2025," key pass + gas-free + chain abstraction is becoming the standard system configuration for new L1/L2. @safe smart contract accounts have deployed over 43M, with a total value locked of over $50B. The number of embedded wallet signatures has reached over 183M since the beginning of the year. In May, the number of Swap activities for smart contract accounts reached 32M, surpassing the 30M for EOA accounts.
2⃣ CowSwap, the designated DEX for the Emperor of Sichuan, has expanded to Base, but its contribution to protocol revenue is decreasing month by month. Recently, CowSwap adjusted the auction Batch rules for Solvers from "winner takes all" to "stronger share," which is beneficial for optimizing prices and transaction efficiency while enhancing Solver income predictability. However, as a non-complete chain abstraction DEX, it has not formed a significant synergy with its sister project Safe. This can only be left to the next major version update for Safe and CowSwap to realize.
3⃣ Backed by Peter Thiel and the first to declare the post-DEX era, the chain abstraction trading platform @infinex has long dominated the attention list of Kaito's Pre-TGE Arena market. Infinex has recently integrated CowSwap's intent trading processing engine into its chain abstraction trading module Swidge.
Compared to traditional CEX, infinex replaces CEX's "pseudo wallets" with account abstract wallets + vaults, replaces CEX's market makers + CLOB order books with a cross-chain trading intent processing engine + Swap UX, and replaces CEX's BD girls + deep relationship networks of whales with Yaprun's KOL-Trader mental propagation model.
However, this new paradigm of chain abstraction trading platforms is still in its early stages, with infinex's TVL only at $162 million and account scale at
4⃣ @ParticleNtwrk, as the first truly productized complete chain abstraction trading platform for TGE, achieved good results during last year's Memecoin super cycle.
The technical framework of Particle Network is consistent with infinex, but in the choice of Relayer layer, Particle Network chose to build its own L1 based on Cosmos SDK.
5⃣ @NEARProtocol is tackling both the previously hottest narratives of chain abstraction and AI Agents but has encountered difficulties in the productization process, with its instantiated product data 📊 being quite disappointing. However, the market has shown a lot of tolerance towards this, much like with ADA and XRP. Perhaps the market implicitly recognizes that their core value is simply their existence.
The Near community is currently discussing gas abstraction governance proposals to address cross-chain transaction fee management issues.
Additionally, the chain signature feature will be deployed on the Near mainnet, allowing a single NEAR account to operate across chains, supporting multi-chain dApps, such as cross-chain Swap and lending.
6⃣ @EverclearOrg has been integrated with multiple chain abstraction protocols including Particle Network, Hyperlane, https://t.co/EcPnczNgth, Across, Polymer, Gelato, Anoma, EigenLayer for liquidity rebalancing.
Everclear's liquidation layer has officially integrated with Unichain, helping Unichain reduce settlement costs and optimize the efficiency of chain abstraction.
Everclear has officially launched its complete mainnet, supporting chain abstraction through intent. The mainnet launch also includes expansion to Solana, allowing for low-cost rebalancing between Solana and EVM chains.
That's all.
