Author: Haotian, Source: Author’s Twitter @tmel0211

In line with the principle of saying less words but doing more, let me give a quick review @ParticleNtwrk The significance of launching UnivesalX's new "chain abstraction" application trading platform:

1) "Chain abstraction" serves as a mainstream continuity narrative after modularization, aiming to achieve the paradigm of splitting the status quo infra into improving the user application experience level Transfer, but many people cannot intuitively feel the significance of this change, and even label the chain abstract with various "misunderstandings".

UniversalX trading platform is a product that was born based on this background. Since the B-side concept cannot be intuitively felt by everyone, then simply launch C-side application products to drive it "intuitively".

Essentially, it has completed a narrative upgrade from "protocol" to "end", using good products to speak for itself.

2) UniversalX is a Chain-agnostic trading platform supported by universal accounts. At the functional level, it advocates "one account, one balance, any chain, no bridging, any Gas, legal currency access", etc. Various user experience level upgrades.

Seemingly simple, it is actually the result of "abstracting" complex chains, funds, and interactive environments, such as "one account, one balance", which means unified access to various isomorphisms. , heterogeneous chains and centralized balance scheduling management, users may not perceive the complexity, but the protocol scheduling control layer behind it has to do a lot of challenging work such as cross-chain interactive communication.

Therefore, UniversalX is not a product that was built overnight, and will continue to optimize various small details in subsequent changes. It is also difficult to achieve perfection at the beginning. After all, there are always new complex environments in the Crypto field that require "abstraction" deal with.

3) The strategic significance of UniversalX is very grand and will directly impact the two mainstream industry formats of "decentralized Wallet" and "centralized CEX".

Take managed wallets as an example. Most wallets have "functional" differences, but in the end they are just a console for users to manage assets and cannot truly rise to the level of the user's "entry" level. The reason is that the functional differentiation of the wallet itself will also cause a tear in the smoothness of the user experience, which is difficult to truly change in the past development environment of "emphasis on infra and light on applications".

UniversalX’s approach of aggregating various basic functions and unifying the user experience will have a real “entry” trend and pose a threat to the moat of decentralized Wallet;

The impact on centralized CEX is better understood, UniversalX, a product with functions close to CEX but completely based on the on-chain environment, will catch up with a wave of on-chain DEX and gradually catch up with CEX during the big bonus period. Although the final result is unknown, even if the participation threshold of the on-chain environment is lowered to reach and CEX's level of resistance is sufficient.

It is not difficult to find that this is a new species starting from scratch under the new "chain abstraction" narrative, oriented towards user experience upgrades, and based on the application "end" thinking.