Ethereum

Chain Abstraction: A New Frontier

0/ This cycle is finally addressing major pain points that have been tormenting crypto users for years:

• Poor user experience (browser extensions, EOA)
• Paying gas fees in native tokens (mostly ETH)
• Managing assets across multiple chains

2/ Currently, numerous teams and projects are working to make this vision a reality on many levels. We now have pass-through bridges that allow assets to move across different chains almost instantly with no loss of funds. ERC-4337 wallets enable users to sign transactions easily while offering additional features like social recovery. Paymasters are covering transaction gas fees and fronting liquidity, and teams are working on atomic cross-chain swaps.

3/ When all of this comes together, we’ll finally have a simple user experience where users can achieve their desired results with a single signature across an infinite number of chains.

1/ ERC-4337 kickstarted a wave that has since evolved into what I would call the chain abstraction movement. In simple terms, the idea is to hide the complexity of interacting with multiple blockchains behind a user interface that feels more like a standard app.