George Miller
Particle Network has introduced UniversalX (universalx.app), the pioneering chain abstraction trading platform. This new service allows users to easily trade tokens from any blockchain, enabling the purchase and sale of on-chain assets, including memecoins, with quick settlement times. Importantly, users can engage in trading without the need for cross-chain bridging, with the ability to utilize any token for gas fees.
Web3 is already decentralized, self-sovereign, and scalable.
Today, we’re also making it borderless.
We’re releasing UniversalX (https://t.co/XP4gW5mB4M), the first chain-agnostic trading platform, powered by Universal Accounts.
With it, you’ll never bridge again. pic.twitter.com/pl9fjvAxRF
— Particle Network (@ParticleNtwrk) December 3, 2024
The platform supports nearly 20 different chains, such as Ethereum, Solana, and Avalanche. Users can use SOL, for example, to buy a memecoin on Base, or leverage USDT on Ethereum to get a token on Solana.
Notable Features of UniversalX:
- Deposit tokens from 12 EVM chains along with Solana.
- Consolidate tokens across all these chains using a single balance.
- Transfer assets to any chain.
- Use any token for gas fees.
- Buy thousands of tokens with cash.
Users can interact with the platform through a web app, a Telegram Mini App, or by downloading the mobile application from the Google Play Store.
UniversalX delivers an experience similar to centralized exchanges (CEX) directly on-chain. For instance, users can merge $100 worth of ETH, USDC, and BTC from various chains to purchase a memecoin on Solana. They can also buy tokens on Ethereum while using Base USDC for gas fees or acquire rare tokens on a BTC Layer 2 via credit card transactions.
Looking ahead, the platform intends to roll out a Universal SDK that will empower users to integrate Universal Accounts into any decentralized app or service, promoting a “one account, one balance, any chain” approach.