Particle Network has announced the launch of UniversalX (universalx.app), the first-ever chain abstraction trading platform. According to the announcement, users can now seamlessly mix tokens from any blockchain to buy and sell on-chain assets (including memecoins) with near real-time settlement. Trading on UniversalX does not require cross-chain bridging, allowing users to use any token as gas.
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 online version currently supports nearly 20 chains, including Ethereum, Solana, Avalanche (AVAX), BNB Chain, Polygon, Optimism, Arbitrum, Linea, Mode, Merlin Chain, Base, Blast, and Manta Network. For example, users can directly use SOL to buy a memecoin on Base or use USDT on the Ethereum mainnet to purchase a token on Solana.
Key Features of UniversalX:
- Deposit tokens from 12 EVM chains + Solana.
- Combine your tokens on all these chains to trade with one balance.
- Send assets to any chain.
- Pay gas with any token.
- Purchase 1000s of tokens with cash.
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Users can access the platform via the web app, Telegram Mini App, or download the mobile version from the Google Play Store.
UniversalX offers a CEX-equivalent experience on-chain. For instance, users can combine $100 worth of ETH, USDC, and BTC across different chains to buy a Solana memecoin. It even allows buying tokens on Ethereum while paying gas fees with Base USDC or purchasing obscure tokens on a BTC Layer 2 using a credit card.
Additionally, the platform plans to release a Universal SDK in the future. This will enable users to integrate Universal Accounts into any decentralized application or infrastructure solution, supporting a “one account, one balance, any chain” mechanism.
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