Organization Name – Particle Network
Category – ![]()
Particle Network is a modular Layer‑1 blockchain engineered to pioneer chain abstraction and solve the fragmentation of assets, liquidity, and user identity across the Web3 ecosystem. Initially launched in 2022 as a wallet‑abstraction middleware enabling login and wallet onboarding across chains for 20M+ users and over 900 dApps—securing > $2 billion in assets—it evolved into a full L1 solution enabling Universal Accounts, Universal Liquidity, and Universal Gas. Universal Accounts provide users with a single account and balance usable on multiple blockchains, eliminating the need… to manually bridge assets or manage multiple wallets. Universal Liquidity enables seamless atomic cross‑chain transactions, while Universal Gas lets users pay gas fees in any token via a Paymaster mechanism. The Particle Chain acts as a coordination layer, with a Master Keystore Hub and decentralized bundles and messaging network to relay and execute transactions across chains with state parity. It also supports dual staking of PARTI and BTC, and aggregated data availability for robustness, pulling from providers such as Celestia, NEAR DA, and Avail. In March 2024, Particle officially unveiled its modular L1 architecture and Universal Accounts concept, announcing plans for Mainnet V1 to launch by Q3 2024. In mid‑2024 the project raised $15 million in Series A led by Spartan Group and Gumi Cryptos (bringing total to $25 M) to support mainnet launch and ecosystem growth. By Q1 2025 it processed explosive volume: Universal Accounts surpassed ~111K, user activity grew 557 % QoQ, average daily transactions rose over 800 %, and native trading platform UniversalX saw daily on‑chain volume of ~$5.9 million. UniversalX launched December 2024 as Particle’s chain‑agnostic trading dApp, enabling trading across EVM chains and Solana within one interface, with gas paid in any token and Apple Pay/card fiat on‑ramps. The team, co‑founded by Pengyu Wang and Tao Pan (ex‑MiniJoy founders boasting global user growth and gaming development experience), has strong backing (Animoca, Alibaba, Spartan, LongHash), broad integrations with over 60 chains and counting, and partnerships across the GameFi, identity, and DeFi systems. Security features include MPC key management, ECDSA/EdDSA shares, CertiK audits, and infrastructure decentralization via dual staking and AggDA. Developer tooling includes smart wallet SDKs (WaaS), ERC‑4337 AA support, BTC Connect for Bitcoin L2 wallets, Universal SDKs and APIs for embedding abstraction across dApps. Users participate in governance and staking via the PARTI token—1 billion total supply, ~233M initial circulating—allocated across community (40 %), private sale (~24.9 %), team/advisors (~12 %), ecosystem, IDO, reserves, and airdrops. PARTI launched March 25, 2025 as part of HODLer airdrop on Binance and other events, with trading pairs against USDT, BNB, FDUSD, and more across major exchanges. Community engagement includes a PARTI Diamonds campaign on UniversalX, airdrop claims, and ecosystem building. As of mid‑2025, Particle supports integration with over 80 chains and 5,000+ applications, processed millions in transaction volume, and continues rolling out features: AggDA, full dual staking, UniversalX V2 (including Everclear liquidity rebalancing), wallet abstraction product matrix, and enterprise use cases. Discussions in forums highlight appreciation for chain abstraction UX, while noting competition and future questions around dual staking launch, token inflation, and network decentralization progress. Particle aims to become the unifying infrastructure layer of Web3, enabling billions of users to interact with dApps across any chain without friction, by abstracting away wallets, gas tokens, and bridged liquidity under one seamless experience. Read More
irmaAI
