Abstract Chain: Building a Consumer-Level Blockchain Ecosystem

Abstract Chain will be launched in January 2025, and it is a blockchain platform focused on promoting the popularization of cryptographic technology. It is dedicated to creating an easy-to-use and engaging Web3 experience for mainstream users.

The core advantages of Abstract include:

• The smooth user experience brought by native account abstraction
• Leverage the advantages of Pudgy Penguins IP and its fan base
• Growth strategy built around the concept of "Digital Entertainment Theme Park"

By May 2025, Abstract has achieved significant results:

• Nearly 2 million wallet registered users
• Daily active wallets are about 100,000
• Daily average on-chain transactions are about 700,000.
• The live streaming platform attracts over 10,000 broadcasters
• Users' average daily participation time exceeds 7 minutes
• The user retention rate reached 40% on the 30th.

Business Model

The business model of Abstract revolves around three core elements:

1. User Guidance

   • Simplify the onboarding process and provide native account abstraction features.
   • Attract early users with Pudgy Penguins IP

2. 门户平台(Portal)

   • Create the concept of "Digital Paradise" by integrating functions such as application discovery and asset management.
   • Launch an innovative live "Watch and Earn" model
   • Establish XP and badge system to build user loyalty and reputation system

3. Application Ecosystem

   • Attract Web3 projects to settle in, especially game applications
   • Collaborate with mainstream institutions to migrate their Web3 products on-chain

Development Status

Abstract The mainnet has been online for only a few months and has achieved:

• Nearly 2 million wallets created
• 1.4 million contracts deployed
• Total value guarantee on the Blockchain ( TVS ) reached 53.4 million USD
• The average daily trading volume remains stable at around 500,000 transactions.
• The cumulative number of on-chain transactions has reached 60 million.

Outstanding performance in consumer applications:

• The total revenue of the top five applications reached 1.85 million dollars in 30 days.
• NFT 30-day trading volume surpassed 10.4 million USD

Future Outlook

Abstract's "consumer-grade encryption" strategy focuses on non-essential consumption scenarios, such as gaming, social networking, and collectibles. This unique positioning allows it to stand out in the competitive Blockchain ecosystem.

In the future, Abstract needs:

1. Mining for the real "killer applications" is likely to break through from the fields of gaming and popular culture.
2. Attract more traffic-oriented creators and global brands to settle in
3. Further improve the technical infrastructure while maintaining user-friendliness.

Despite the increasing competition, Abstract's unique consumer-oriented strategy provides it with a differentiated advantage. As cryptocurrency technology continues to penetrate the mainstream, Abstract is expected to play an important role in the process of driving the widespread adoption of Web3.