As a Pioneer in the Chain Abstraction Track, Particle Network Solves Multi-chain Fragmentation Issues with Technologies like Universal Accounts, Reducing the Complexity of Cross-chain Operations and Attracting Top-tier Capital Support
Source: Luke, Mars Finance, Reprinted by Foresight News
Previous Background: Alpha Gold Mining – UniversalX, a Full-chain Exchange, Supports Gas for 16 Public Chains. Chain Abstraction Helps You Seize the Opportunity.
Background Supplement: Will future token listings on Binance be free? Can profit opportunities be found from “community voting results”? He Yi: Strict Crackdown on Fraudulent Behavior
On March 25, 2025, the fourth on-chain new project $PARTI TGE (Token Generation Event) by Binance Wallet sparked a market frenzy. According to official data, $PARTI raised 288,251 BNB, oversubscribed by 144 times, with a market value of approximately $173 million, setting a new historical high for Binance Wallet’s new projects.
At 9 PM tonight, $PARTI will launch through Binance’s new mechanism, while OKX will simultaneously open direct trading. This rare dual-platform debut has made Particle Network the focus of the crypto circle. What makes Particle Network so attractive that it can gain endorsement from two major exchanges at once? This article will briefly explore this emerging star in the chain abstraction track from four aspects: project background, technical strength, financing situation, and market potential.
The Wave of Dual-platform Launch: Why $PARTI is Highly Anticipated
$PARTI will launch on Binance via the new mechanism, with a one-hour subscription window, while OKX will directly open trading, causing a strong market reaction. Binance Wallet’s new project data shows impressive yields for the first three projects: $SHELL achieved 1416%, $BMT reached 707%, and $BR hit 691%. The subscription window has gradually shortened from 12 hours to 3 hours, with this $PARTI subscription window compressed to just 1 hour. The community generally expects a 7x return for $PARTI, and some users even predict its market cap could reach $1 billion upon launch. Data from Platform X shows that over 120,000 people participated in the $PARTI subscription, far exceeding expectations.
Source: @crypto_pumpman
The dual-platform launch reflects the high recognition of Particle Network in the market. It is rare in the crypto industry for Binance and OKX to launch simultaneously, showing the exchanges’ confidence in the project’s potential. Additionally, $PARTI’s TGE token distribution is relatively concentrated, with limited market circulation. Users on Platform X analyze that “retail investors have fewer tokens, with a market cap starting at 500M, so a $1 billion valuation isn’t unexpected.” This background sets the foundation for the strong launch of $PARTI.
Particle Network: A Pioneer in the Chain Abstraction Track
Founded in 2022, Particle Network initially focused on B-end chain abstraction products, aiming to solve the pain points of multi-chain fragmentation in Web3. Its core product provides cross-chain collaboration technology for different blockchains, already serving over 70 chains, including BNB Chain, Avalanche, and Sei, covering both EVM and non-EVM ecosystems. In 2024, Particle Network launched UniversalX, a chain-agnostic non-custodial trading platform for C-end users. Through UniversalX, users can trade assets on any chain without manually bridging chains. For example, a user holding Solana assets can directly purchase MEME tokens on Arbitrum, offering a CEX-like experience while maintaining decentralization.
Particle Network’s vision is to achieve “one account, thousands of chains.” Its core product, Universal Accounts, allows users to manage all on-chain assets with one address, supporting cross-chain transactions, unified balances, and payment of Gas fees with any token. According to the official blog, UniversalX currently supports 12 EVM chains and Solana, with plans to expand to more non-EVM ecosystems. This technology not only simplifies cross-chain operations for users but also provides convenience for developers to build cross-chain dApps.
Technology and Products
The technical core of Particle Network lies in Universal Accounts, which achieves chain abstraction through its self-developed Particle L1 settlement layer. In July 2024, the official blog introduced Universal Accounts, which went live on the testnet and can be experienced through the Particle Pioneer platform. Its main features include: performing cross-chain atomic swaps via Universal Liquidity, automatically completing asset cross-chain and exchange transactions; supporting users to pay Gas fees with any token via Universal Gas, with the final settlement in $PARTI; ensuring efficient and secure cross-chain transactions through decentralized Bundlers and the Hyperlane protocol.
For practical scenarios, if a user holds USDT on Solana and wants to buy an NFT on Arbitrum, the traditional method requires manual bridging of assets, which is time-consuming and complicated. With UniversalX, users can simply click “Buy,” and the backend will automatically complete the cross-chain exchange and transaction. Gas fees can be paid using USDC from Base, and the entire process requires no page redirection. Particle L1, based on the Cosmos SDK, is modular, making it compatible with both EVM and non-EVM chains, including Solana and Bitcoin L2. The official statement reads: “The age of chain abstraction has arrived, and cross-chain bridges will become a thing of the past.”
Additionally, Particle Network plans to release Universal SDK, which will allow developers to embed Universal Accounts into dApps, further promoting the development of the chain abstraction ecosystem. The official blog mentioned in March 2024 that Particle L1 adopts a dual-staking mechanism ($PARTI and BTC staking) and integrates solutions like Celestia and NEAR DA for data availability, ensuring network security and performance.
Financing and Team
Particle Network has raised over $30 million in funding, with investors including Binance Labs, GSR, YZI Labs, Spartan Group, as well as Web2 giants Alibaba and Animoca Brands. In May 2022, the company raised $1.5 million in a Pre-Seed round, followed by a $7 million Seed round in March 2023, and a $15 million Series A round in June 2024, bringing its valuation to $200 million. The participation of Alibaba is particularly noteworthy, highlighting the potential of the chain abstraction track as an industry infrastructure.
Regarding the team, founders Pengyu and Peter Pan have been deeply involved in the chain abstraction field since 2022, with strong technical capabilities. In 2024, they launched UniversalX, seizing the MEME trend, quickly transitioning from B-end to C-end, demonstrating sharp market intuition. The project also attracted several KOL investors, such as @0xSunNFT and other community influencers, bringing attention and a user base.
Token Economics and Market Potential
The token economics of $PARTI shows a total supply of 5 billion tokens, with an initial circulation of 23.3%, or approximately 1.165 billion tokens. The TGE price was $0.025, with an initial market cap of $29 million, and a valuation of $125 million. The seed round price was $0.03, Pre-Seed was $0.015, and the Series A valuation was $200 million, showing a gradual increase in valuation by investors. $PARTI is used for Gas settlement and governance within the network, with value capture directly linked to ecological usage.
Regarding market potential, Particle Network targets the pain points of Web3 multi-chain fragmentation. Currently, the trend is for CEX to transition to on-chain operations, but the complexity of cross-chain operations hinders the widespread adoption of Web3. Particle Network lowers the barriers through chain abstraction. If successful in achieving “one account to manage all chains,” it could become an entry point for traffic, challenging the position of CEX. The official blog states: “Finance is just the first step, full unification is the goal.” If UniversalX and Universal SDK are widely applied, the long-term value of $PARTI can be expected.
Summary
$PARTI’s dual-platform launch on Binance and OKX marks a strong start for Particle Network in the chain abstraction track. From the technological innovation of Universal Accounts to the product launch of UniversalX, and with $30 million in funding support, Particle Network shows the potential to become an industry infrastructure. However, the technical implementation and ecosystem expansion of chain abstraction still face intense competition and market tests. Whether $PARTI can sustain its initial success and drive innovation in Web3 user experience remains to be seen.
