The concept of a universal onchain wallet is gaining traction as a transformative tool for both builders and users in the cryptocurrency space. It promises to enhance user experience by integrating essential features such as personal information management (including email, phone, shipping, and social media), funding capabilities (covering balance, card, and ACH), verification processes (including KYC and identity verification), and onchain activity tracking (such as addresses and social interactions). Advocates argue that this wallet will be ten times more beneficial than traditional web2 or embedded wallets. Additionally, the ongoing 'Onchain Summer' initiative encourages users to onboard friends and family into the cryptocurrency ecosystem by utilizing easy-to-use methods like QR code transactions. Participants can earn rewards, such as 5,000 points on their Summer Pass, and compete for leaderboard positions by inviting others to join the onchain community.