Chain Abstraction Coalition: The Second Wave of Co-Testnets Is Now Live on Particle Pioneer! We recently announced the Chain Abstraction Coalition, bringing together major players in the Web3 space to address our ecosystem’s fragmentation. This coalition, comprised of 60+ leading networks like Arbitrum, Avalanche, Berachain, Botanix, BNB Chain, and Linea, is dedicated to fostering a borderless Web3 ecosystem. The first step of this
Chain Abstraction vs Intents: New paradigm, or repackaged solutions? Chain abstraction (ChA) is taking Web3’s spotlight as the next step of its development. Due to this, it’s only natural to see it compared to pre-existing technologies—particularly the ones that contributed to its emergence. Throughout our different blog posts, we’ve made several steps toward developing the
Product Chain Abstraction Coalition: Our First Co-Testnet Is Now Live on Particle Pioneer! It’s time for action. Last week, we announced the Chain Abstraction Coalition: a groundbreaking collaboration of Web3's leading ecosystems, united in the mission of tackling our ecosystem’s fragmentation. This coalition brings together prominent networks like Arbitrum, Berachain, Avalanche, BNB Chain, Linea, and Botanix, all committed to
Ecosystem Many Blockchains, One Mission: Introducing The Chain Abstraction Coalition Blockchains brought you decentralization, at the cost of clunkiness. Modularity brought you scalability, at the cost of fragmentation. Chain abstraction is ending fragmentation to bring you freedom. The blockchain ecosystem’s rapid expansion has resulted in unprecedented scalability and cost-effectiveness. Yet, it has also led to an unprecedented problem: fragmentation.
Product One Account, 1000 Chains: Showcasing Universal Accounts Your Web3 experience might be about to change forever. A few months ago, we announced that we’d embarked on our most ambitious quest yet, aiming to solve Web3’s fragmentation of users and liquidity. Through our cornerstone solution, Universal Accounts, we’re providing an all-encompassing tool that allows you
Insights Implementing Chain Abstraction: The Multi-Layer Framework Chain abstraction can only be achieved through multiple layers of technologies. As this vertical develops, it becomes clearer that chain abstraction is, rather than a technology, a multifaceted approach to simplifying the user experience of a fragmented ecosystem. This can be observed clearly, with multiple projects attempting to achieve chain
Our Testnet’s Phase 2 Is Now LIVE! Here's How To Participate & Earn $PARTI Points Dear Particle community, As our Mainnet launch approaches, we are glad to announce that we’ve entered Phase 2 of the Particle Network Testnet! Phase 1 finished with a bang: over 1.3M users activated Universal Accounts in Particle Pioneer, completing more than 122M transactions in total. This outstanding participation
Ecosystem We’ve Raised $25M to Unify All Chains! Dear community, We’re proud to announce that Particle Network has officially raised $25 Million to continue funding our vision of chain abstraction. This announcement comes after a $15M round led by Spartan Group and Gumi Crypto, with additional backing from SevenX Ventures, Morningstar Ventures, HashKey Capital, MH Ventures, UOB
Ecosystem Breaking Down Chain Abstraction: Foundational Solutions Way before modular blockchains and the L2 explosion, L1 optimization was the hottest conversation in Web3. The ecosystem assumed that a handful of networks would compete on equal terms for most of Web3’s activity. Instead, Web3 entered an era of modular expansion. This is already yielding hundreds and, eventually,
Insights State of Web3 Fragmentation: Addressing Web3's Biggest Problem & Its Solution We’ve talked extensively about Web3’s biggest problem: the fragmentation of users and liquidity across siloed blockchain networks. By now, it should be clear that this is a real problem hurting Web3 users’ experience almost regardless of preferred use cases and individual goals. However, it is rarely discussed that
Insights What is Chain Abstraction? Arriving at a Formal Definition TL;DR for non-nerds: “Chain abstraction” is typically used to refer to infrastructure that allows anyone to use decentralized applications without being aware of the manual steps associated with interacting with their underlying chains (such as bridging assets, managing multiple gas tokens, balances etc.) To continue impulsing this technology—which
Product We're Joining Forces with Babylon to Secure our L1! New Proof-of-Stake chains face a critical, yet often overlooked, security risk due to their native tokens’ nature. These tokens, typically the sole assets securing the network, are often subject to high volatility, which can reduce the security and integrity of the chain alongside its validator set. Meanwhile, as the most
Community New Project Live On Our Launchpad! Welcome The Bitlayer Mining Gala People of Web3, It's now time for another fantastic opportunity on The People's Launchpad. This time, in collaboration with Bitlayer, we bring you not one, but FOUR projects at once, each one rewarding you with 1% of their Total Supply! This launchpad event is an opportunity
Product Universal Accounts: UX, DevX, and Technical Implementation Web3 is at a turning point in its goal to deliver decentralized solutions to the masses. The scalability problems that bugged our ecosystem for years led to the independent development of a myriad of L1, L2, and even L3 solutions. This has brought along secure, fast, and cheap blockchains, each
Insights Chain Abstraction on Multiple Levels: Diverse User Experiences Inside Web3’s Evolution –Special thanks to the Agoric team for their collaboration and input on this piece. The chain abstraction vertical has grown exponentially this year, with teams from across the industry building toward a shared goal: simplifying Web3’s UX in a multi-chain, fragmented ecosystem. Fragmentation across blockchains is deeply ingrained at
Ecosystem X Layer is Integrating Particle Network’s Solutions for Chain Abstraction! We are introducing compatibility between OKX’s X Layer (Mainnet) and our Wallet Abstraction modular stack! This is the first step for X Layer to plug into the Particle Network modular L1, enabling seamless interactions and a unified experience across the chain and the rest of the Web3 ecosystem. X
Community bitSmiley Is LIVE On The People’s Launchpad! Here’s how to participate and earn $BIT BTC L2 enthusiasts and Particle community, As announced, a new project is going live on our Launchpad. We’re talking about none other than bitSmiley, a trading and stablecoin protocol on Bitcoin L2s. This launchpad will give you the opportunity to participate in the launch and distribution of the project’
Community Our Testnet Is Now LIVE! Here's How To Participate & Earn $PARTI Points The Particle Network modular L1 is closer than ever. As we advance with giant leaps towards our Mainnet –a release we hope will transform the experience of using Web3–, today marks the beginning of a new era for Particle Network with a huge milestone: Testnet Phase 1. This Testnet features
Case Study A Superior Onboarding Experience: Overtime Markets Integrates Particle Network’s Wallet Abstraction TL; DR: Overtime Markets is a decentralized, permissionless sports market on the Arbitrum, Base and Optimism L2s. It’s developed on top of the Thales protocol, a permissionless, order book-based peer-to-peer Positional Markets platform powered by Chainlink price feeds. By integrating Particle Network’s Wallet Abstraction, Thales has created a
Product Bringing Account Abstraction to B² Network (BSquared): BTC Connect BTC Connect continues its path of adoption among the leading Bitcoin L2s. Today, we’re happy to announce that Particle Network is bringing account abstraction (AA) to the B² Network Mainnet, supercharging this zk-rollup on Bitcoin. As the first-ever Account Abstraction protocol for the Bitcoin ecosystem, BTC Connect is the
Insights Navigating the Chain Abstraction Landscape: A Multi-Faceted Analysis As Web3 scales faster and faster within a rich L2/rollup panorama, the need for a unified user experience across chains grows exponentially. This makes chain abstraction –infrastructure unifying multi-chain asset and account management, solving the current fragmentation across ecosystems– a top priority in today’s landscape. The development of
Product Chain Abstraction for Bitcoin L2s: How BTC Connect Enables Hyperconnectivity A few months ago, we released BTC Connect, the first account abstraction (AA) protocol for the Bitcoin ecosystem. This release was motivated by two goals: Furthering the interconnection of the Bitcoin and EVM networks, and enabling a natural way for Bitcoin users to onboard into L2s without relying on non-Bitcoin
Developer Onboarding Featured The Modular L1 Powering Chain Abstraction: Particle Network Note: This article was updated on 15/05/2024 to refine the explanation of certain components of Particle Network, as well as reflect conceptual developments that have occurred since its original publication. TL;DR: * L2s and rollups deliver the scalability blockchains need, but resulting in siloed ecosystems. Meanwhile, cross-chain interactions
Product Bringing Account Abstraction to SatoshiVM: BTC Connect Dear community, We recently introduced BTC Connect, the first-ever Account Abstraction protocol for the Bitcoin ecosystem. And, as many of you know, this is the first step toward full chain abstraction encompassing the Bitcoin ecosystem, one of Particle Network’s goals for 2024. Today, we’re happy to announce that
Product Breaking Through Chain Abstraction on Bitcoin: BTC Connect The Bitcoin ecosystem has entered an accelerated growth and evolution phase. Many consider that 2023 and 2024 will be remembered as the years of bleeding-edge Web3 innovation arrived at Bitcoin. Amongst this revolution, a growing ecosystem of EVM-compatible L2s, Ordinals, BRC-20 tokens, and new dApps has sparked. However, despite abundant