Building the future of crypto UX with Chain Abstraction (ChA) + Intents - @NEARProtocol
Let Pill break this down in a way that won't make your brain hurt đ
Starting off with the numbers...
Near Intents supports 102 different assets with an upward trending TVL trajectory.
This positive trend reflects the growing adoption and usage of Intents.
Alongside an increase in activity, TVL has also been on the rise.
Observing the majority of TVL share, many still are comfortable dealing/holding stables like USDT and USDC.
Now, lets understand it better!
"what's Chain Abstraction again?"
POV: you're playing games on different consoles - PlayStation, Xbox, Switch. (you'll need a different controller for each)
ChA is like finally getting that ONE universal controller that just... works everywhere.
It hides the messy stuff (gas fees, bridges, chains) so you just use your app, and it handles where + how under the hood.
"and Intents are...?"
Today:
many onchain actions are done manually and via multiple platforms - pick the chain, sign multiple txs, wait, hope it goes through.
Intents:
telling your AI agent: ââhey buddy, find me the best yield on stablecoins, deposit it, and auto-compound.â
You just say what you want to achieve (swap, lend, stake, etc.) and the system figures out the best path across chains, pays fees, does approvals, all for you.
You simply just watch it work.
"why is having both of these the future of crypto?"
Combining both, you can:
âą Use any app across any chain with one balance
âą Pay in any token you have
âą Express what you want to achieve and let the system take care of the rest
Itâs how crypto finally becomes as smooth as traditional apps, but w the benefits of decentralisation and self-custody
A future where you simply tell crypto what to do and it runs the plays for you?
It's already here, nascent but growing.
@NEARProtocol 's tech stack is literally optimising workflows to make everything buttery smooth.
And if they nail this (which it looks like they are), we're talking about finally attracting regular humans, not just crypto nerds, which means more projects, more capital, and way more sustainability.
If you want a superb breakdown on Intents in relation to hybrid on/off-chain workflows, here is a good one to check out đ
The thing about intents: They unlock superior workflows by overcoming the constraints of gas costs, scalability & rigid on-chain execution.
Through a hybrid on/off-chain workflow:
1⣠Heavy computation + pre-processing occur off-chain efficiently
2⣠Only lightweight state finalisation settles on-chain, minimising overhead
Intents form an expression layer like @NEARProtocol's chain signatures where any arbitrary payload can be constructed into actionable outcomes.
The space for use-case is infinite.
Execution flow goes:
User defines an intent via a dApp UI â Signs payload â Solver network competes to fulfil it â Best solver wins the job & submits final proof on-chain.
Having an open solver network introduces competitive execution markets which promotes efficiency (lower latency & slippage).
This gives user optimal UX by default.
TL;DR: Why Intents Matter
đč Customisation & specialisation of execution
đč Seamless UX with modular, composable payloads
đč Workflow optimisation compared to traditional fully on-chain methods
Web3 scaling isn't just about faster blockchains.
Its also about smart workflows.
INTENTionally tagging Pill's frens for their thoughts đ
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