Layer1 Public Chain XION: A Revolution in User Experience Regarding Chain Abstraction

CN
10 months ago

Starting from user experience, how XION utilizes chain abstraction to simplify Web3.

Written by: shaofaye123, Foresight News

Over 1,800 public chains are operating in the Web3 world, yet the actual applications are few and far between. As infrastructure continues to improve, the pursuit of high performance and scalability in public chains is no longer the current focus. Layer 1 needs real builders and users, which cannot happen without large-scale adoption. In today's multi-chain landscape, liquidity is becoming fragmented, the entry barrier for users is high, application deployment and development are difficult, and capital operation efficiency is low. User experience remains at a usable stage, making large-scale adoption difficult, which urgently requires a user experience revolution brought about by chain abstraction — we see that Layer 1 public chain XION is truly simplifying Web3 through protocol-level chain abstraction.

Starting from user experience

From the perspective of human development, every large-scale adoption of technology is inseparable from a revolution in user experience. The development process of user experience determines which stage it is in its lifecycle. Although today's Web3 is cloaked in high-tech, its actual level of development is still akin to the primitive agricultural society stage. The road to large-scale adoption remains long, and the rapid technological development urgently needs to address the shortcomings in user experience.

Large-scale adoption requires a revolution in user experience

The large-scale adoption of Web2 was inseparable from the progress of underlying infrastructure, but the most important factor was the evolution of user experience from "usable" to "easy to use" and then to "good to use." At different stages of development, we can clearly see the shift in focus on data metrics. From the early 3G and 4G infrastructure era, which focused on faster information transmission rates and broader information coverage, to today's extreme emphasis on daily active users and retention rates. Under the large-scale adoption of Web2, the industry's focus has shifted from underlying infrastructure to application levels, which is a necessary path for large-scale adoption.

Currently, while Web3 infrastructure is increasingly improving, most public chains still focus on underlying metrics such as TPS performance and TVL growth, lacking attention to truly high-value metrics like user activity and capital velocity. This leads to rapid advancements in underlying technology, but very few users can actually utilize it. For large-scale adoption to occur, there first needs to be a shift in focus for more projects — from TVL growth to building user activity and capital velocity, which determines when large-scale adoption will happen. How to improve user activity and capital velocity requires a revolution in user experience.

Simplification through chain abstraction

For a long time, non-crypto native users have faced high barriers to entry into Web3: 12/24 English word mnemonic phrases, tokens burned due to incorrect addresses, different gas fees across chains, and assets that cannot be transferred between chains, all filled with confusing terminology, creating a chasm between Web2 users and Web3 applications.

For crypto native users, the fragmentation of assets, liquidity, and accounts brought about by the multi-chain ecosystem has also resulted in low user activity and capital velocity:

  • Asset fragmentation — Different gas fees across chains, high costs of cross-chain bridges, and difficulty in asset interoperability between chains.
  • Liquidity fragmentation — Differences in user habits across different chains and variations in cross-chain token deployment have led to isolated ecosystems.
  • Account fragmentation — Similar or different users find it difficult to integrate accounts across various chains and wallets.

Chain abstraction proposes solutions to these issues.

— "Chain abstraction" typically refers to allowing anyone to use decentralized applications without needing to understand the manual steps related to interacting with the underlying chain (such as bridging assets, managing multiple gas tokens, balances, etc.). It simplifies the unnecessary manual processes for users interacting with various chains, allowing developers and users to focus more on the application itself.

On this basis, XION's definition of chain abstraction places more emphasis on the overall user experience, not just multi-chain. XION also addresses the issues of distribution and fragmentation. If there are no real applications running on these chains, who would care about the connections between chains? XION first provides developers with the foundation to build real applications, and then addresses the multi-chain fragmentation issue, making it a very comprehensive solution.

From the solutions proposed by XION, it is clear that projects require a deep understanding of blockchain underlying technology and that the team must possess strong comprehensive capabilities in product operation, resource outreach, ecosystem collaboration, and more, which XION meets well.

Overview of XION

Account-level to chain-level abstraction

Since the concept of chain abstraction was proposed, many projects have approached it from different angles based on their understanding of "chain abstraction." Currently, most products on the market can be categorized into three layers — application-level chain abstraction, account-level chain abstraction, and blockchain-level chain abstraction. XION is the only solution that covers all levels. XION not only supports abstract applications built on it but also implements universal account abstraction and protocol-level abstraction.

  • Application-level chain abstraction aims to provide developer-centric tools and abstract components.
  • Account-level chain abstraction aims to provide users with a universal mechanism to seamlessly interact across multiple chains, thus addressing user-level fragmentation.
  • Blockchain-level chain abstraction aims to solve the lack of infrastructure parity between chains to provide interoperability, thereby creating a chain abstraction experience while minimizing risks, delays, and costs.

Unlike cross-chain bridges, middleware, or intent protocols, chain abstraction addresses more specific problems and has a grander vision. As a leader in this field, XION represents account abstraction and blockchain abstraction.

XION eliminates the complexity of wallets through its powerful abstract accounts and combines modular design with XION's parameterized fee layer to provide a composable, user-first, and future-oriented infrastructure layer. XION's universal abstraction layer establishes user experience as a core goal at the protocol level. Through protocol-level abstract accounts, signatures, fees, and interoperability integration, XION achieves a secure, streamlined, and seamless user experience. It not only simplifies the developer experience but also creates a user-centered environment. Compared to those chain abstraction solutions that focus solely on one aspect and are often related to multi-chain, XION's approach is more comprehensive and systematic. It significantly lowers the entry barrier for mainstream users to engage with applications in its ecosystem while also addressing fragmentation issues.

Strong comprehensive capabilities

In addition, when considering comprehensive levels, XION also performs exceptionally well in various aspects.

Team strength. The members of XION's team are serial entrepreneurs, and its founder Burnt Banksy was involved in the early establishment of NFT standards and gained global media attention after burning a Banksy artwork and minting it as an NFT.

Funding background. XION has currently completed $36 million in funding, with investors including: Multicoin, Circle, Animoca Brands, Hashkey, Spartan, Valor, Morningstar Ventures, Mechanism, Figment, Coinlist Seed, Injective, Alliance DAO, and others.

Ecosystem expansion. XION is also vigorously expanding its ecosystem, which now includes over 200 applications, infrastructure providers, and partners. At the same time, XION is extending its chain abstraction solutions to all mainstream ecosystems, including Solana, BNB, AVAX, Injective, Saga, Neutron, MultiversX, Sei, and more.

Product growth. XION also focuses on product promotion and operation, having created over 3,600,000 meta-accounts, with more than 200 top deployments, integrations, and partners building on XION. On social platforms, XION has over 1.3 million members (Twitter: 700,000+ and Discord: 650,000+).

Building XION

XION has the capability to realize its vision of chain abstraction, enabling users to use Web3 products in a "chain abstracted" manner, thereby truly simplifying Web3. Just like the internet, users can benefit from Web3 applications without needing to understand blockchain technology.

Demand-driven products

Although the chain abstraction built by XION sounds abstract, the problems it solves are very specific and clear. The product design of XION is scenario-based, oriented towards current needs, and addresses real issues. This scenario-driven product design matches business scenarios and usage needs.

Scenario use case — Strong demand orientation

XION chain abstraction meets user needs

What is the primary need for users in Web3? — "Transactions."

This answer is indisputable, yet the process is extremely cumbersome. When users want to trade tokens on the Base chain, they first need to purchase ETH as gas from a decentralized exchange, then withdraw the corresponding tokens and ETH to the Base address, and finally find a DEX to conduct the token trade. This seemingly simple transaction process is very complicated, requiring users to understand what gas is on that chain, record different wallet mnemonic phrases across chains, and ensure the transfer address is correct, among other things. Not to mention the complications of cross-chain operations, multi-chain gas, multiple incompatible wallets, and numerous DEXs.

All of these can be resolved with one click using XION. By utilizing its wallet-less L1 protocol, XION can achieve integration in areas such as account abstraction, signature abstraction, and price abstraction, providing users with a seamless interactive experience. Users can log into applications on XION using common Web2 login methods (e.g., email), interact with applications on their mobile devices, and even start experiencing without needing the native tokens of the chain, while also enjoying familiar pricing methods through stablecoins. XION operates from the underlying protocol to assist users in transferring, converting, and trading funds in the background. The front-end experience truly achieves invisibility, creating a wallet-less experience where users can access any asset from any chain without gas fees. This change is akin to using WeChat and Alipay for payments abroad without manually exchanging currency and enjoying optimal rates.

In terms of transaction security, XION also provides users with temporary keys for setting time-limited access, ensuring higher security for transactions. Users can define their own transaction limits and conditions. They can also set multiple verification methods for large transactions while having the ability to recover account information when certain verification methods are unavailable.

XION chain abstraction supports product needs

What is the current demand for Web3 products? — "Liquidity."

Currently, users and products across different chains are in a fixed state, with users preferring to use specific applications on specific chains, usually the largest protocols. This leads to product competition being reflected only in the false prosperity of TVL. Only when the cost of user migration decreases, capital flows again, and ecosystems become interconnected can Web3 products truly experience an explosion.

This can be effectively achieved through XION's chain abstraction. XION helps developers reduce user migration costs by aggregating multiple applications and breaking down the financial barriers between chains. Products can be used by users across multiple blockchains. Decentralized autonomous organizations can truly operate seamlessly across chains, achieving efficient governance and allowing developers to focus more on the product itself without being troubled by the choice of which chain to deploy on.

The Impact of XION's Chain Abstraction on Large-scale Adoption of Web3

What is the demand for Web3? — "Large-scale adoption."

Web3 needs to seek incremental markets. Whether it is the improvement of development combination efficiency through modularization or the exploration of the TON ecosystem that is closer to the user end, both aim to inject productive efficiency into Web3 from both the development and user sides. XION eliminates the complexities of user-account interaction, transaction fees, and interoperability through its Generalized Abstraction Layer, significantly lowering the barriers to user participation. The cross-chain interactions provided offer a sustainable, flexible, and user-centered blockchain infrastructure model. With the integration of multiple use cases such as digital banking, creator platforms, and cross-chain games, it is believed that a new chapter for large-scale adoption of Web3 will be ushered in.

Conclusion

The repeated revolutions in humanity's use and mastery of tools are precisely revolutions in user experience. In an era of low productivity and technological backwardness, human subjective needs must obey objective external objects. With the technological revolution, the product design thinking in the industrial age has shifted from the pragmatic "form follows function" to a user-centered product thinking. The transformation of user experience reflects the changes in the stages of development during the industrial era, liberating humanity from machine production. Web3 is still in the transition phase from "usable" to "easy to use," which requires a user experience revolution starting from the underlying protocol, and XION is the leader of this revolution.

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