Unchaining

Unchaining is the last stop.

The Ethereum vs Bitcoin vs Solana arguments are gaye (Don't be gaye).

Let's talk momentum:

• First, we had 1 new chain annually and 10 new coins every year.
• Then we had 10 chains annually and hundreds of coins every year.
• Fast forward to today, we have upwards of 10,000 new coins daily and thousands of new chains every year.
  

At this pace, even as the curve flattens, we will continue to see more chains, more coins leading to the creation of more networks and market liquidity fragmentation. Place this ever fragmenting growth model on top of the actual market fit of the space (stablecoins - estimated $221 billion ) and a compelling opportunity in unchaining emerges.

Liquidity is the lifeblood of a crypto network, that ~$221 billion lifeblood is rapidly being scattered across L2s, L3s, bridges, pockets of LP and incompatible networks. Concentrating that liquidity is a costly land grab strategy that requires a heavy amount of coordination that is virtually unforeseeable. However, connecting that liquidity through trustless / trust minimized systems presents a significant opportunity I refer to as Unchaining.

EVM networks already have their interoperable mechanisms given its all the same engine. But with the rise of inflow into networks like Solana, SUI, TON, XRPL and others the friction is reintroduced -- highlighting the opportunity in unchaining.

There are 2 requirements to solve shipping an unchained network:

1. Account UX
   Wallets were a great v1 concept for accessing decentralized networks. Wallets have since become very technical in nature (network setup and management) as well as security vectors (fake tokens, signature spoofs, network setup) making them not as ideal for end users.
   
   Federated account management is key along with network abstraction, account abstraction, TVL abstraction, gas/fee abstraction and token abstraction. When executed correctly, the user experience will dramatically improve for end users.
   
   Give users a login. Provide recovery tooling, MFA security tooling and recovery tooling. Encrypt and decentralize it then create crypto's second most viable product next to stablecoins.
   
   Delivering a user-in-control, network driven, neutral access point for attestation validated execution (a block engine) is the holy grail for proper cross-network account management.
   
   After experimenting on the Solana network, contributing to over $500m in volume, millions in fees along with onboarding tens of thousands of active users ; we've seen a superior UX pattern (compared to EVM) that directly correlates to continued network use and user lifetime value. Further, zooming out beyond our direct contributions - there is an obvious amount of metrics, mind and market share Solana was able to capture from incumbent network leaders.
   
   A future that leans towards the UX patterns of Solana is one that reaps benefits. Specifically, next to speed, reduced steps to complete basic tasks (like transferring) is everything. Sign intent activity on SVM that executes anywhere.
   
2. Execution
   The Ethereum based, transaction level, completely transparent, same block, turing complete execution -- is a novel concept. To that effect it's also one that allows MEV driven toxic flow to be an active first-class citizen on the network. This approach makes the network transactionally selfish as its looking to be the sole beneficiary of the associated fees and liquidity usage.
   
   Through intents, execution can be free to solve liquidity unification. Engineering resources are more abundant on EVM networks than SVM. If you pair SVM intent origination with EVM enclave/TEE programability, you enable a wider engineering audience to participate in liquidity route submission unifying UX and accessible liquidity. Removing MEV and adding execution guarantees makes such a model priceless.
   
   Zero TVL intent driven internet of liquidity.
   

Baking validation in a novel way at the application subnet level in a mesh network is a crucial step in minimizing/eliminating trust requirements for execution. Securing and restaking network aligned assets which reward for participating in network security (rather than financial) is also crucial to ensuring network integrity.

I'm excited and ready to deploy the first $1m liquidity into the first hypermesh on the network 🩸.