Blockchain technology has increased potential, but one of the biggest challenges has been its fragmentation. With so many different blockchains, each with its own tools and ecosystems, building decentralized applications (dApps) that work smoothly across them can be tough. That’s where chain abstraction comes in, it’s transforming the landscape by providing a way to bring everything together. In this feature, we chat with Roy Hui, Co-founder of LightLink, and Keer Liu, Ecosystem Growth Lead at Orbiter Finance, to explore how chain abstraction is reshaping blockchain development and what it means for the future of Web3.

The Need of  Chain Abstraction and Why Does It Matter?

At its core, Chain Abstraction seeks to remove the complexities of interacting with different blockchains. Roy Hui says, “In traditional programming, developers no longer write machine-level code; we use high-level languages that abstract the complexity. Chain abstraction does the same for blockchain.”

Chain abstraction is a concept that simplifies the user experience by hiding the complexities of blockchain technology, allowing end users to focus on the functionality of decentralised applications rather than the underlying infrastructure. It prioritises the user experience for gaming, DeFi, or social applications without requiring the management of the underlying blockchain. Keer Liu highlights the importance of simplifying the process to allow users to concentrate on functionality without concern for the underlying infrastructure. In this scenario, dApp developers can expect a substantial increase in conversion rates when drawing in users from Web2, whether through media campaigns or referrals from Web3 users.

Research indicates that the approach improves blockchain accessibility, allowing users to easily interact with dApps across different networks without worrying about manual asset bridging, managing different gas tokens, or frequent network switching. The promise of chain abstraction lies in making these complexities invisible to users, creating an ecosystem where various blockchains can be accessed through a single interface. This significantly enhances interoperability and improves the overall user experience.

Bringing Web2 Developers into Web3

Chain abstraction has the significant advantage of enablings developers familiar with Web2 technologies to move into Web3 without having to master blockchain tools. Developers can easily onboard in Web3 by utilizing open-source or subsidized tools by blockchain companies. For example, LightLink’s Bolt plugin allows developers to easily create NFTs using simple API calls, removing the need to handle the technical hurdles of blockchain infrastructure.

This accessibility is critical for businesses and developers interested in utilizing Web3 capabilities through NFTs, digital products, or secure financial transactions without the hassle of navigating multiple blockchain systems. As Keer Liu emphasizes, chain abstraction allows developers to build applications using the available technologies without being limited to a single blockchain, allowing them to focus on enhancing user experiences.

Solving the Interoperability Problem in Layer 2 Solutions

Layer 2 solutions have been designed to scale blockchains like Ethereum but often need more cohesion. This makes it difficult for developers to build apps operating seamlessly across multiple Layer 2 networks. Chain abstraction solves this issue by allowing developers to choose the best chain for their applications while the abstraction layer handles the underlying complexities.

Earlier this year, LightLink processed over 100,000 gasless transactions per day, powered by its Bolt plugin. The platform has over 200,000 users, including many developers utilising its gasless transaction model. The Bolt plugin enables minting up to 1,400 NFTs per second, showcasing how chain abstraction enhances scalability and efficiency for Web3 projects.

This unified approach also addresses the challenges developers and users face with liquidity and wallet aggregation. By creating a unified liquidity layer, users can manage assets across various chains from a single interface, eliminating the need to switch wallets or networks. This solution reduces user friction and increases developers’ efficiency.

Challenges of Chain Abstraction

While chain abstraction is a game-changer, there are challenges to overcome. Roy Hui mentions that one of the primary challenges is the need for more standardization across blockchains, akin to the confusion before the standardization of USB Type-C. Without such standards, chain abstraction can’t fully scale.

Keer Liu adds that ensuring security and managing cross-chain interactions are technical challenges. When dealing with many blockchains, each with its consensus mechanism, achieving seamless and secure communication can be complex. The risk of fragmentation in how assets and data move across blockchains remains, highlighting the need for solid communication protocols and secure frameworks​.

The Future of Chain Abstraction

Despite these challenges, Hui and Liu are optimistic about the future of chain abstraction. Hui believes chain abstraction will lead to more ecosystem applications, users, and liquidity, allowing developers to focus on building decentralized applications without worrying about cross-chain compatibility issues. This will be important for accelerating Web3 adoption, especially as blockchain technology grows and diversifies.

Liu envisions chain abstraction as the key to fostering a more interconnected blockchain ecosystem, where mass adoption can happen without users needing to understand blockchain intricacies. By simplifying user interfaces and interactions, chain abstraction has the potential to achieve significant economic growth and innovation in the blockchain space.

Conclusion

As blockchain technology evolves, chain abstraction is crucial for simplifying and unifying the fragmented ecosystem. By removing the complexities associated with blockchains, developers, and businesses can create faster, efficient, and scalable applications. With tools like LightLink’s Bolt plugin and Orbiter Finance’s innovations in liquidity aggregation, chain abstraction enhances accessibility and streamlines the experience for users and developers alike. The future of blockchain must be simple, with easy access and scale. 

The rise of decentralized finance (DeFi) has sparked a surge in new projects driven by token-based economies. As DeFi continues to grow, an increasing number of projects are launching their tokens to capitalize on the expanding market.

Among the hottest trends right now are meme token launches, particularly due to the innovative bonding curve model introduced by pump.fun. The meme token market currently boasts a cap of $500 million. Following the initial success of pump.fun, numerous forks have emerged on other chains, such as pump.best from base and Kodiak Finance from berachain 

For those unfamiliar with Berachain, it’s a high-performance, EVM-compatible blockchain built on a Proof-of-Liquidity consensus, supported by the BeaconKit framework. This novel consensus mechanism is designed to align network incentives, fostering a robust synergy between Berachain validators, ecosystem projects, and everyday users. Unlike Solana, Berachain’s culture and consensus mechanism make it less suitable for forking pump.fun. However, innovation continues to thrive, as demonstrated by Honeypot Finance, a Berachain ecosystem project, which introduced a new launch model—FTO—better aligned with Berachain’s Proof-of-Liquidity framework.

How Does Bonding Curve Work on Pump.fun?

The bonding curve is a launch mechanism brought by pump.fun and recently went really hot in Solana ecosystem. Since it launched,Over 2 million tokens being launched and generated over 105 million revenue. Why it goes so hot.

Let’s put a graph to present how the value of a token increases with the increase in supply. It is noteworthy that the maths only plays out in case of a limited/fixed token supply.

In this model, early investors benefit the most from such a launch mechanism. 

Below is more break down of pump.fun model

Once a token is launched on Pump.fun, the primary objective is to sell the tokens. Here’s how the process works post sale:

• Once the target of selling all 800 million tokens is met, the bonding curve reaches full capacity and automatically transitions to Radium.
• The transition to Radium requires approximately 86 SOLs, with the number fluctuating between 84 and 86
• The term “King of the Hill” is used to refer to the sale of 400 million tokens, i.e. half of the target. Approximately 45 SOLs are required for the “King of the Hill” status.
• There’s also a threshold in terms of market cap. It is $69,000 for Solana and $420,000 for Blast.

When a token’s market capitalization reaches designated thresholds ($69,000 for Solana and $420,000 for Blast), Pump.fun injects liquidity ($12,000 for Solana and $30,000 for Blast) into decentralized exchanges like Raydium and Thruster DEX.

In nutshell, Pump.fun bonding curve model takes good trade-off for fair launch and fomo emotions.  Many degens earns 10x or 100x while a lot of normal users lost money in it

FTO: The Anti-Rug Pull Launch Mechanism Within Berachain

FTO (fair token offering) is a mechanism designed by Honeypot Finance to help new projects to issue their tokens. With the recent update from the Honeypot Finance team, with a bit tweak of the model, it works perfect to launch the meme token on berachain as well. Here’s the initial model that we saw from the team

• FTO involves the creation of a 100% deep liquidity pool for instant trading. While this enables trading from day 1, there are no pre-minted tokens in the market. It rules out pump or dump by early investors since there’s nothing like early access to the token.
• While the team behind the project can sell the LP tokens for further development, this does not lead to a shark slump in the token’s price. The maximum loss from users is only 50% compared to a lot of launch model (even bonding curve) could lead to over 90% loss
• Both users and project will become the Liquidity providers after launch and are eligible for a share of transaction fees in accordance with their contribution. Besides, they also earn $BGT emissions from berachain’s Proof of liquidity, unlocking access to further monetization opportunities through the Flywheel Model.

Honeypot Finance’s FTO vs Pump.fun’s Bonding Curve

The primary difference between the FTO (Fair Token Offering) and Bonding Curve models lies in liquidity sourcing. While both methods aim to foster long-term engagement and efficient pricing, the Bonding Curve model fails to mitigate risks such as potential loss of funds and a lack of sustained user interest. FTO, on the other hand, excels in prioritizing liquidity by enabling community members to become liquidity providers. In contrast, the Bonding Curve model relies solely on the token deployer for liquidity, which creates an imbalance, potentially leading to manipulative practices like pump-and-dump schemes or rug pulls.

The FTO model aligns more effectively with Berachain’s Proof of Liquidity (POL) mechanism, as it allows users to act as liquidity providers post-launch while earning $BGT rewards for their contributions to the pool. This makes FTO a more robust and more user-friendly solution on berachain

In the Pump.fun model, the lack of rewards for the token deployer who crafts a successful meme token name is another notable shortcoming. Although Honeypot Finance has yet to release the full details of its meme launchpad, the potential of this model to fairly reward token deployers is clear. It’s exciting to anticipate how the final version will enhance Berachain’s Proof of Liquidity and accelerate innovation in this space.

We’re in the midst of a meme coin explosion, and Crypto All-Stars may turn out to be the greatest meme coin project of all times. It’s putting forward staking rewards that might just win over even the most conservative TradFi investors.

For the first time ever, all the meme coin legends can unite on one platform.

Keep reading to discover the first-ever MemeVault and find out how to score early rewards with Crypto All-Stars!

Meme coins join forces

Crypto All-Stars is a unique crypto presale: a one-stop staking protocol for all your favorite meme coins, from the heavy hitters to the quirky underdogs.

No longer a mere playground for internet culture, meme coins are evolving into a substantial asset class. Crypto All-Stars aims to become one of the top 10 tokens on the market, radically altering how people from around the world engage with meme coins. It intends to become the go-to hub for crypto veterans, Wall Street whales, and all meme coin enthusiasts, igniting earnings and creating the first MemeVault in history. 

In a nutshell, Crypto All-Stars is a staking platform that brings together the most iconic meme coins under one roof. You’ll be able to stake not just the big names like DOGE, SHIB, and FLOKI but also smaller gems like Pepe, Milady, and Bonk—and everything in between – all in one place with Crypto All-Stars’ innovative protocol that supports multi-token and multi-chain staking.

Crypto All Stars’ technology was  modeled after the ERC-1155 multi-token standard, meaning it is designed to be efficient, adaptable, and above all, secure. 

This presale could change the very fabric of the meme coin universe, ushering in a new level of utility into a sector often dismissed as pure speculation. 

How to triple your gains and catch falling $STARS

For long-term investors chasing passive income, Crypto All-Stars is a breath of fresh air. By holding and staking $STARS tokens –  the lifeblood of the Meme Valut ecosystem – you can earn triple the staking rewards on any of the top meme coins. The more $STARS you hold, the greater your rewards.

Crypto All-Stars’ entry is perfectly planned. The meme coin market is roaring, now valued at almost $40 billion, with no signs of slowing down any time soon. With Crypto All-Stars at the helm, uniting all these top tokens in one place for the first time ever, we might be looking at the future of this entire industry. As meme coins continue to rally, $STARS could become the glue that binds this explosive market together, meaning as the meme coin market grows, $STARS grows right along with it.

One thing’s for sure – the crypto world is watching, and Crypto All-Stars is putting on quite a show.

Reaching for the $STARS: Tokenomics

Crypto All-Stars’ tokenomics are designed for maximum impact. A strategic 20% of STARS tokens are up for grabs in the presale – your golden ticket to early adoption. A quarter of the supply is kept for staking rewards, which means a constant flow of benefits to loyal holders. Marketing gets a 20% boost to spread the word far and wide, letting people know $STARS is making history. 

A robust 25% war chest stands ready for future growth, promising ongoing value for early backers. With 10% allocated to liquidity pools, trading should be smooth sailing. At a current presale price of just $0.00138, the potential for growth is astronomical.

The bottom line

Crypto All-Stars is rolling out the red carpet for meme coins, and everyone’s invited! Those who jump in during the presale stand to reap the biggest rewards as the presale nears its end. 

Be among the first to capitalize on the explosive growth of the meme coin market. By joining the Crypto All-Stars limited-time crypto presale, you’re joining a platform that could change the face of investing.