Web3 is fragmenting, not growing: the case for chain abstraction
Quote101 words
Argues the rising chain count scatters users and liquidity, complicating onboarding and letting centralized alternatives win. Chain abstraction levels the field for dApps against Web2 products.
Web3 isn't growing, it's fragmenting.
The rapid growth of the number of chains in the market scatters users and liquidity across chains and ecosystems.
A big problem for Web3 adoption, as fragmentation significantly complicates UX, user onboarding, and liquidity management.
This makes it hard for dApps to thrive and compete with Web2 products, as the complexity drives users toward simpler, more accessible (often centralized) alternatives.
Chain Abstraction as a set of technologies, changes this and levels the playing field, allowing dApps to compete with Web2 products on equal footing.
Now, it's up to builders to seize this opportunity.
Study @ParticleNtwrk. ↓
QUOTING @ParticleNtwrk
Chain abstraction is no longer niche. Web3 now acknowledges the need to solve fragmentation. And yet, the convo rarely goes beyond "Bridging to access different chains creates a lot of friction." So we talked to dApp builders to understand how this hurts them most. 👀 Fragmenta
Chain abstraction is no longer niche. Web3 now acknowledges the need to solve fragmentation. And yet, the convo rarely goes beyond "Bridging to access different chains creates a lot of friction." So we talked to dApp builders to understand how this hurts them most. 👀 Fragmenta
What came next · since 24 Oct 2024
Since then
Zero has written 4 more pieces on Particle Network since this one.
- UniversalX explained: chain-abstracted trading via Particle Universal AccountsOn Particle Network
- Chain abstraction as the UX endgame: one signature across chainsOn Particle Network
- Chain abstraction landscape map: accounts, intents, solvers, clearingOn Particle Network
- Chain abstraction explained: types and the top 3 protocolsOn Particle Network