Particle Network has announced the launch of UniversalX (universalx.app), the first-ever chain abstraction trading platform. According to the announcement, s 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 s 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 s.
With it, you’ll never bridge again. 👇 pic.twitter.com/pl9fjvAxRF
— Particle Network (@ParticleNtwrk) December 3, 2024
The online version currently s nearly 20 chains, including Ethereum, Solana, Avalanche (AVAX), BNB Chain, Polygon, Optimism, Arbitrum, Linea, Mode, Merlin Chain, Base, Blast, and Manta Network. For example, s 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 for gas with any token.
- Purchase 1000s of tokens with cash.
s can access the platform via the web app, Telegram Mini App, or the mobile version from the Google Play Store.
UniversalX offers a CEX-equivalent experience on-chain. For instance, s 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 s to integrate Universal s into any decentralized application or infrastructure solution, ing a “one , one balance, any chain” mechanism.
