Chain abstraction/intention track is worth paying attention to.

In fact, large capital began to layout this area a long time ago, but due to the lengthy time required for Infra construction, market attention did not focus on this track.

Previously, it was also influenced by $COW, which saw a 30% increase in price after being listed on Coinbase's coin roadmap on September 18, 2024, and a 100% increase after being listed on Binance on November 6. It has been used multiple times by Trump's crypto project, resulting in a 70% increase in price.

Years of layout by large funds + undervaluation of track projects + narratives not fully exploded, I believe there are multiple buffs waiting for a suitable opportunity. Currently, with the fusion of cryptocurrencies and stocks and the hot narrative of stablecoins, more new users may be attracted to the chain in the future. This track may have more practical scenarios, as chain abstraction/intention is more user-friendly for newcomers.

What projects are in this track?

-Near

In April 2022, @NEARProtocol completed a $350 million financing round, led by Tiger Global, with participation from Republic Capital, FTX Ventures, Hashed, and Dragonfly Capital.

The previous financing round for NEAR was in January 2022, led by Three Arrows Capital, with several well-known VCs including Alameda and Jump participating, raising a total of $150 million.

Currently, the token's FDV is $2.85B.

-Axelar

Axelar has completed 5 rounds of financing, with a total financing amount reaching $113.8 million. During the B round, the project's total valuation reached $1 billion. Investors include Binance, Polychain Capital, Coinbase Ventures, Dragonfly Capital, Crypto.com Capital, and others.

Currently, the token's FDV is $395.02M.

-Particle Network

Particle Network has raised $25 million through four rounds of financing, with notable investors including Spartan Group, Gumi Crypto, Animoca Ventures, LongHash Ventures, and Alibaba Group.

Currently, the token's FDV is $168.82M.

-Anoma

In May 2023, @anoma completed a $25 million financing round, led by CMCC Global, with participation from Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, NGC, MH Ventures, and others. Unlike other chain abstraction projects, Anoma focuses more on privacy and uses ZK technology to protect user intentions.

Currently, no tokens have been issued.