As a pioneer in the chain abstraction track, Particle Network addresses the multi-chain fragmentation issue through technologies like Universal Accounts, reducing the complexity of cross-chain operations and attracting top-tier capital support.
Written by: Luke, Mars Finance
On March 25, 2025, the fourth on-chain new project $PARTI TGE (Token Generation Event) launched by Binance Wallet sparked a market frenzy. According to official data, the $PARTI subscription was oversubscribed by 144 times, raising a total of 288,251 BNB, equivalent to a market value of approximately $173 million, setting a new historical high for Binance Wallet's new projects.
At 9 PM tonight, $PARTI will go live on Binance through the new project mechanism, while OKX will open trading directly. This rare dual-platform debut has made Particle Network the focus of the crypto circle. What is the charm of Particle Network that can attract two major exchanges to endorse it simultaneously? This article will provide a quick overview of this rising star in the chain abstraction track from four aspects: project background, technical strength, financing situation, and market potential.
The Dual-Platform Launch Craze: Why $PARTI is Highly Anticipated
$PARTI will launch on Binance through the new project mechanism, with a subscription window of only 1 hour, while OKX will simultaneously open trading directly, leading to a strong market response. Data from Binance Wallet's new project shows that the returns of the first three projects were impressive: $SHELL reached 1416%, $BMT was 707%, and $BR was 691%, with the subscription window gradually shortening from 12 hours to 3 hours, and this time $PARTI has been compressed to just 1 hour. The community generally expects $PARTI's return to reach 7 times, with some users even estimating that the opening market value could hit $1 billion. Data from platform X shows that over 120,000 participants subscribed to $PARTI, with activity far exceeding expectations.
source: @cryptopumpman_
Behind the dual-platform launch is the market's high recognition of Particle Network. It is rare for both Binance and OKX to launch simultaneously, demonstrating the exchanges' confidence in the project's potential. Additionally, the TGE token distribution of $PARTI is relatively concentrated, with limited market circulation. Users analyzing on platform X stated: "Retail investors hold few tokens, starting with a market value of 500M, and 1 billion is not unexpected." This background lays the foundation for the launch craze 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 and has served 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. Users can trade assets on any chain through UniversalX without manually bridging across chains. For example, a user holding Solana assets can directly purchase MEME coins on Arbitrum, with an experience close to CEX while maintaining decentralization.
Particle Network's vision is to achieve "one account, thousands of chains." Its core product, Universal Accounts, manages all on-chain assets through a single address, supporting cross-chain transactions, unified balances, and any token for Gas payments. The official blog states that UniversalX has supported 12 EVM chains and Solana, with plans to expand to more non-EVM ecosystems in the future. This technology not only reduces the complexity of cross-chain operations for users but also provides convenience for developers in cross-chain dApp development.
Technology and Products
The technical core of Particle Network lies in Universal Accounts, which achieves chain abstraction based on its self-developed Particle L1 settlement layer. In July 2024, the official blog introduced that Universal Accounts has gone live on the testnet, allowing users to experience it through the Particle Pioneer platform. Its main features include: achieving cross-chain atomic transactions through Universal Liquidity, automatically completing asset bridging and exchanges; supporting users to pay Gas fees with any token through Universal Gas, ultimately settling in $PARTI; and ensuring the efficiency and security of cross-chain transactions through decentralized Bundler and Hyperlane protocols.
For example, if a user holds USDT on Solana and wants to purchase an NFT on Arbitrum, the traditional method requires manually bridging assets, which is time-consuming and complex. With UniversalX, the user only needs to click "Buy," and the backend automatically completes the cross-chain exchange and transaction, with Gas fees payable in Base's USDC, all without needing to switch pages. Particle L1 is built on the Cosmos SDK, and its modular design makes it compatible with both EVM and non-EVM chains, including Solana and Bitcoin L2. The official statement reads: "The era of chain abstraction has arrived, and cross-chain bridges will become history."
Additionally, Particle Network plans to launch Universal SDK, allowing developers to embed Universal Accounts into dApps, further promoting the development of the chain abstraction ecosystem. The March 2024 blog mentioned that Particle L1 adopts a dual-staking mechanism (staking $PARTI and BTC) and combines data availability solutions like Celestia and NEAR DA to ensure network security and performance.
Financing and Team
Particle Network has raised over $30 million in total financing, with investors including Binance Labs, GSR, YZI Labs, Spartan Group, and other crypto capitals, as well as Web2 giants Alibaba and Animoca Brands. In May 2022, it raised $1.5 million in a Pre-Seed round, $7 million in a seed round in March 2023, and $15 million in an A round in June 2024, achieving a valuation of $200 million. Alibaba's participation 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 solid technical strength. The launch of UniversalX in 2024 capitalized on the MEME craze, quickly shifting from B-end to C-end, demonstrating keen market insight. The project has also attracted investments from several KOLs, such as community opinion leaders like @0xSunNFT, bringing it visibility and a user base.
Token Economics and Market Potential
The token economics design of $PARTI shows a total supply of 5 billion tokens, with an initial circulation of 23.3%, approximately 1.165 billion tokens, and a TGE price of $0.025, resulting in an initial market value of $29 million, with a valuation of $125 million. The seed round price was $0.03, Pre-Seed was $0.015, and the A round valuation was $200 million, indicating a gradual increase in capital valuation. $PARTI is used in the network for Gas settlement and governance, with value capture directly linked to ecological usage rates.
In terms of market potential, Particle Network targets the pain points of multi-chain fragmentation in Web3. Currently, the trend is for CEX to transition on-chain, but the complexity of cross-chain operations hinders the popularization of Web3. Particle Network lowers the threshold through chain abstraction, and if it successfully achieves "one account managing all chains," it is expected to become a traffic entry point, challenging the position of CEX. The official blog states: "Finance is just the first step; comprehensive unification is the goal." If UniversalX and Universal SDK are widely adopted, the long-term value of $PARTI is promising.
Conclusion
The dual-platform launch of $PARTI 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 implementation of UniversalX, and the $30 million financing support, Particle Network demonstrates the potential to become an industry infrastructure. However, the technical implementation and ecological expansion in the chain abstraction track still face fierce competition and market tests. Whether $PARTI can sustain the launch craze and truly drive the innovation of the Web3 user experience remains to be seen in future developments.
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