Author: Xiyou, ChainCatcher
"Cross-chain" has always been a much-needed product in the crypto industry.
Recently, the cross-chain field has received many positive news. On February 19, the cross-chain asset packaging protocol Universal announced the completion of a $9 million financing round led by a16z. Immediately afterwards, on February 20, the Ethereum Foundation announced the launch of the modular cross-chain operation open-source framework Open Intents Framework, providing developers with powerful tools to build and deploy intent product experiences, further promoting the development of cross-chain technology.
On February 26, Kavita Gupta, an early participant in the Ethereum ecosystem, founder of Delta Fund, and former partner of ConsenSys Ventures, publicly announced the launch of the cross-chain aggregation protocol Inclusive Layer. The protocol is centered on user intent, aiming to break down the barriers between the EVM and non-EVM ecosystems, and provide users and developers with a more seamless cross-chain experience.
Intent-based cross-chain protocol, unifying the EVM and non-EVM ecosystems
Inclusive Layer is an intent-based cross-chain aggregation protocol, aiming to achieve the organic unification of the EVM and non-EVM ecosystems, creating a one-stop, comprehensive multi-chain interaction experience for users, where users can interact with multiple networks and protocols through a single, simple interface.
In terms of implementation, Inclusive Layer provides a "cross-chain unified liquidity aggregation layer between EVM and non-EVM chains" and an SDK for "account management, chain abstraction, and liquidity aggregation", supporting any developer to integrate with it to achieve multi-chain deployment and management of applications and assets.
In the current multi-chain coexistence landscape, issues such as liquidity fragmentation and the complexity of cross-chain have not been effectively solved. Inclusive Layer hopes to solve these industry pain points by building an intent-based cross-chain aggregation platform, establishing liquidity aggregation between networks such as Ethereum, Solana, Base, Polygon or Arbitrum, allowing developers and users to complete all network deployment and interaction behaviors on a single platform.
The features and advantages of Inclusive Layer:
- One-stop API interface: Through a simple and easy-to-use API, developers can easily access a wide range of mainstream blockchain networks such as Ethereum, Solana, and Bitcoin L2, greatly simplifying the development process and lowering the technical threshold.
- Unified liquidity aggregation: It has integrated the top-tier decentralized exchanges (DEXs) and professional market makers' liquidity resources in the market, forming a large and efficient liquidity network, providing users and developers with ample funding support and a high-quality trading experience.
- Frictionless multi-chain transaction experience: Leveraging chain abstraction technology and innovative Gas-free transaction mechanisms, it provides users with a seamless and smooth onboarding experience. Users do not need to delve into the complex technical details of the underlying blockchains, nor do they need to worry about which Gas fee to use, they can easily embark on their cross-chain journey.
Specifically, the main benefits for developers integrating Inclusive Layer are as follows:
- Abstracting the complexity of multi-chain and multi-protocol interactions: It highly abstracts and encapsulates the complex interaction logic between different blockchain networks and protocols, allowing developers to quickly build cross-chain applications without the need to delve into the underlying technical details of each chain and protocol, significantly reducing the development difficulty and workload.
- Significantly reducing the development time of new crypto applications: Leveraging its well-established infrastructure and rich functional modules, developers can quickly build their application frameworks based on Inclusive Layer, avoiding the cumbersome development process from scratch, thereby greatly shortening the development cycle and accelerating product launch.
- Token liquidity network: After integrating with Inclusive Layer, developers and users can easily access a vast liquidity network supporting a wide range of popular tokens, whether it's mainstream cryptocurrencies or emerging token projects, they can find ample liquidity in this network, providing a solid guarantee for the operation of transactions and applications.
From this, we can see that Inclusive Layer is applicable to every Web3 developer, whether it's DeFi, GameFi, or various DApp applications, they can all achieve one-click cross-chain deployment through the use of Inclusive Layer.
Official flagship cross-chain trading platform Caishen
On February 26, Caishen, the first cross-chain product in the Inclusive Layer ecosystem, was officially announced, opening up a new cross-chain trading experience for users. Users only need the one wallet they already have. From now on, users can freely trade any token on any chain with a seamless experience comparable to a CEX, while ensuring the low-cost and security of decentralization.
For example, Caishen provides a "single-click" style of cross-chain simple operation, through which users can directly exchange ETH on Ethereum for the JTO (Jito) token on the Solana chain, without the need to worry about Gas payment, additional wallets, or complex procedures, no longer having to worry about cross-chain trading.
Currently, the private beta version of Caishen is open for applications, and users can participate in the test by submitting their email information.
Inclusive Layer team backed by Delta Fund and ConsenSys
The reason why Inclusive Layer has attracted market attention is mainly because the project is led by Kavita Gupta, the founder of Delta Fund. As an early investor in the Ethereum ecosystem, she founded ConsenSys Ventures and participated in the early investment of well-known blockchain projects such as Polygon, StarkWare, and BlockFi, with very high visibility in the crypto industry. Now, Kavita Gupta has publicly announced the new project Inclusive Layer, bringing a halo of traffic.
In addition, Blas Rodríguez Irizar, the former Chief Technology Officer of Composable Foundation and a senior software engineer at ConsenSys, also participated in the development of this project.
Inclusive Layer and its cross-chain flagship product Caishen are both incubated by Delta Blockchain Fund and supported by GSR and Borderless.
(This article only introduces the early-stage project and is not investment advice.)
