Brief review of UniversalX, the newly launched 'Chain Abstract' application trading platform by Particle Network

Upgrade the narrative of using good products from 'protocol' to 'end'.

By: Haotian

Based on the principle of less words, more significance, let me briefly comment on the significance of @ParticleNtwrk launching the new 'chain abstraction' application trading platform UniversalX:

1. 'Chain abstraction' as a modularized mainstream continuity narrative, aims to achieve a paradigm shift from the current infrastructural split to the level of user application experience enhancement. However, many people cannot intuitively feel the significance of this transformation, and even label chain abstraction with various 'misinterpretations'.

UniversalX trading platform is a product born out of this background. Since the B-end concept cannot be intuitively perceived by everyone, a C-end application product is introduced to "intuitively" drive it.

Essentially, it is an upgrade of narrative that completes a transition from 'protocol' to 'end', speaking the language of good products.

2. UniversalX is a Chain-agnostic trading platform supported by a universal account. In terms of functionality, it advocates various user experience upgrades such as 'one account, one balance, any chain, no bridge, any Gas, and Fiat Currency access'.

The seemingly simple result is actually the result of "abstracting" the complex chain, capital, and interactive environment, such as "one account, one balance", which means that it is necessary to unify access to various isomorphic and heterogeneous chains and carry out centralized balance scheduling and management.

Therefore, UniversalX is not a product that can be accomplished overnight, and will continue to optimize various small details in subsequent iterations. It is also difficult to achieve perfection at the beginning, after all, the Crypto field always has new complex environments that need to be "abstracted".

3）The strategic significance of UniversalX is grand, which will directly impact the two mainstream industry formats of 'Decentralization Wallet' and 'centralized CEX'.

Taking the hosted Wallet as an example, most Wallets have differences in 'functions', but in fact, it is just a control panel for users to manage their assets, and cannot truly rise to the level of a user 'entrance'. The reason is that the differentiation of Wallet functions itself will cause the tearing of user experience fluency, which is difficult to truly change in the past development environment that focused on 'infrastructure' rather than 'application'.

The practice of UniversalX, which aggregates various basic functions and unifies user experience from the beginning, will truly have a trend of 'entrance', which will pose a threat to the moat of Decentralization Wallet;

The impact of centralization is better understood, and products like UniversalX, which are close to CEX in functionality but completely based on the on-chain environment, will catch up with the wave of on-chain DEX and gradually surpass the big dividend period of CEX. The final result is unknown, but even lowering the participation threshold of the on-chain environment to the level of CEX is sufficient.

It's not hard to see that this is a new species that starts anew under the narrative of "chain abstraction", upgrades the user experience, and is based on the thinking of application "end".