"XION"

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XION is the first user-focused Layer 1 designed to provide web3 developers with the infrastructure to simplify blockchain operations, enabling them to build, launch, and scale user-friendly applications for non-crypto native users through complete abstraction.

This article takes a comprehensive look at XION's vision and how it can help Web3 achieve mass adoption.

Gate Research Weekly Market Review and Outlook reports. This week, BTC and ETH have entered a consolidation phase, with a predominantly bearish sentiment reflected in the overall contract market. Most tokens on the Pump.fun platform have failed to maintain high market value. The FTX claims voting process is nearing its end, with a massive payout plan awaiting approval. Projects like Sahara have announced significant funding rounds. In the technical realm, Uniswap's revenue growth, FTX incident updates, the WazirX security incident, and the upcoming Monad testnet have garnered attention. The XION project's airdrop plan has sparked community interest. Token unlocks and macroeconomic data releases scheduled for next week are expected to influence market trends.

Gate Research Daily Report: September 27, BTC and ETH performed strongly, rising by 3.19% and 2.01% respectively over the past 24 hours. BTC is currently testing the $66,000 resistance level. The U.S. Bitcoin spot ETF saw a net inflow of $366 million yesterday, while the U.S. Ethereum spot ETF experienced a net outflow of $680,000. Most altcoins outperformed the broader market, with notable gains in the Cross-chain Communication, BRC-20, and Doge meme sectors. Avalanche launched a $40 million grant program, paving the way for the "Avalanche9000" upgrade. In the past 24 hours, only one project in the DEPIN (Decentralized Physical Infrastructure Networks) sector announced a funding round, raising $10.8 million.

Monad Madness NYC startup competition reveals six award-winning projects, covering areas such as chain abstraction, meme culture, and decentralized leverage.

The development of the internet into today’s powerful tool for connectivity wasn’t due to widespread understanding of its core protocols, such as HTTP, TCP/IP, and UDP. Instead, these technical complexities were abstracted, allowing the public to use the internet without needing to know the details. In the same way, blockchain technology and blockchain-native applications are expected to undergo a similar evolution over time.

The three-layer framework of chain abstraction emphasizes a central concept: creating a highly interconnected, interoperable blockchain ecosystem by eliminating direct interaction between users, developers, and infrastructure providers with different blockchains. Chain abstraction is more than a technical innovation; it represents an important step toward the maturity of the blockchain ecosystem, helping it evolve from a collection of isolated, multi-chain islands to a more collaborative and connected network.