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Particle Network announced its rebranding to Modular L1 for Chain Abstraction in 2024, marking its official transition towards becoming its own modular L1 blockchain. This move, built using the Cosmos SDK, is part of a broader industry-wide revolution towards modular expansion. The rebranding aims to serve as a hub for universal settlement, unifying the multi-chain ecosystem. Particle Network's Modular L1 will feature Universal Accounts, Universal Liquidity, and a Universal Gas Token, creating a single interaction point across diverse ecosystems such as BTC, SVM, IBC, and EVM. The project, which started around 2 years ago, has already seen significant growth, including a ramp-up to about 10M AA user operations and connecting with BTC with over $2b+ in total value locked (TVL).
.@ParticleNtwrk debuts its universal settlement layer that will unify the multi-chain ecosystem: Particle Network Modular L1 for Chain Abstraction. Its Modular L1 will empower Universal Accounts, Universal Liquidity, and a Universal Gas Token across diverse ecosystems, such as… https://t.co/SsetfKwjLw
Particle Network Launches Modular L1 @ParticleNtwrk Modular L1 will empower Universal Accounts, Universal Liquidity, and a Universal Gas Token across diverse ecosystems, such as BTC, SVM, IBC, and EVM, thereby creating a single interaction point and address across every… https://t.co/AgghrE7yO5
Stoked to see Particle Network rebrand as the Modular L1 for Chain Abstraction. Been following their growth as an intent-centric layer, through which they ramped up about 10M AA user ops, and BTC connect with $2b+ in TVL. Their Layer 1 solution will serve as a hub for… https://t.co/sWMnPCbdFD