Ever since its inception, Particle Network has been laser-focused on improving Web3’s user experience. This has made it one of the largest providers of social logins and ERC-4337 account abstraction in the ecosystem, powering hundreds of dApps.
In late 2023, Particle recognized one of the most fundamental issues plaguing user experience in Web3: user and liquidity fragmentation. As the industry continues traveling down a rollup-centric scaling roadmap, this problem only continues to grow, siloing users, creating imbalanced incentives, and handicapping dApps’ ability to compete with Web 2.0.
Particle Network’s core offering to address Web3's fragmentation of users and liquidity are Universal Accounts, better known as chain abstraction. Universal Accounts give users a single account and balance usable across every chain. This allows them to access the entire Web3 ecosystem without bridging and eliminates the problem of fragmentation from their experience.
In pursuit of this vision, Particle Network has raised more than $25M from industry-leading VC firms, including Spartan Group, Gumi Crypto, and Binance Labs.
After completing the initial versions of Universal Accounts in August, Particle Network is taking the first step in their implementation by launching the first Universal Accounts-powered application: UniversalX, a chain-agnostic trading platform.
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UniversalX allows you to buy and sell tokens on any chain, instantly, without bridging—all while remaining 100% on-chain and non-custodial.
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With UniversalX, users can trade any token from anywhere in the ecosystem—including every major EVM chain and Solana. Since UniversalX leverages Universal Accounts, this can be done entirely without bridging, depositing from any chain, and trading on any chain.