On September 12th, NEAR Protocol launched a complete "Chain Abstraction" tech stack, aiming to fundamentally solve the current user experience challenges across multiple chains.
Specifically, this solution includes three main components:
**First, Universal Account System**—users can pay Gas fees with any token, and the system will automatically handle cross-chain exchanges. In other words, you can use your Bitcoin, Ethereum, or other tokens directly to pay for fees, without needing to convert to ETH or other chain-specific tokens just for Gas.
**Second, Intent Relay Network**—this is quite interesting. Users don't need to perform step-by-step operations; they just tell the system their intent, such as "I want to buy the cheapest ETH with USDT," and the backend will automatically search for the optimal execution path. Simply put, it turns complex cross-chain operations into a one-sentence task.
**Third, Cross-Chain State Synchronization Layer**—ensures your identity and assets remain consistent across all chains. This way, there's no need to worry about data confusion caused by multi-chain operations.
Projects that have integrated this solution are seeing good data. dYdX, Aurora, and other projects report a 40% increase in user retention. This number is quite impressive.
NEAR co-founder Illia Polosukhin said something very interesting: the goal is to make users "completely unaware of the existence of blockchain," just like using the internet without needing to understand TCP/IP. It sounds like they are trying to make blockchain technology as transparent as infrastructure.
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SelfCustodyIssues
· 10h ago
Sounds good, but whether it really materializes depends on the implementation; talk is cheaper than action.
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ContractTester
· 11h ago
Wow, if that could really be achieved, it would be awesome, finally no more suffering from gas fees.
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DegenWhisperer
· 11h ago
Basically, it's about wanting beginners to be able to play with blockchain, and I agree with this idea.
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FUD_Vaccinated
· 11h ago
Another set of "revolutionary" solutions, I just want to see how long they can last this time.
Honestly, the gas fees are really annoying, but automatic exchange? What if slippage occurs during a series of rapid trades—who will be responsible?
A 40% retention rate is a good number, but when it comes to projects like dYdX, the sample size is too small.
The real test is still ahead; it's not too late to boast once large-scale users come in.
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WhaleWatcher
· 11h ago
To be honest, this abstract layer concept should have been implemented a long time ago. How many newbies have been harmed by gas fees?
On September 12th, NEAR Protocol launched a complete "Chain Abstraction" tech stack, aiming to fundamentally solve the current user experience challenges across multiple chains.
Specifically, this solution includes three main components:
**First, Universal Account System**—users can pay Gas fees with any token, and the system will automatically handle cross-chain exchanges. In other words, you can use your Bitcoin, Ethereum, or other tokens directly to pay for fees, without needing to convert to ETH or other chain-specific tokens just for Gas.
**Second, Intent Relay Network**—this is quite interesting. Users don't need to perform step-by-step operations; they just tell the system their intent, such as "I want to buy the cheapest ETH with USDT," and the backend will automatically search for the optimal execution path. Simply put, it turns complex cross-chain operations into a one-sentence task.
**Third, Cross-Chain State Synchronization Layer**—ensures your identity and assets remain consistent across all chains. This way, there's no need to worry about data confusion caused by multi-chain operations.
Projects that have integrated this solution are seeing good data. dYdX, Aurora, and other projects report a 40% increase in user retention. This number is quite impressive.
NEAR co-founder Illia Polosukhin said something very interesting: the goal is to make users "completely unaware of the existence of blockchain," just like using the internet without needing to understand TCP/IP. It sounds like they are trying to make blockchain technology as transparent as infrastructure.