About OneBalance

OneBalance offers a chain abstraction toolkit for Web3 developers to build seamless cross-chain dApps across EVM, Solana, and Bitcoin. Its Resource Locks technology enables asynchronous transaction execution, simplifying complex bridging infrastructure and reducing development time.

<problem> Developing decentralized applications that interact across multiple blockchain networks is complex, requiring developers to manage intricate cross-chain logic and infrastructure. This complexity hinders user acquisition and retention by creating fragmented experiences and increasing development cycles. </problem> <solution> OneBalance provides a chain abstraction toolkit that simplifies cross-chain interactions, enabling developers to build seamless user experiences across EVM, Solana, and Bitcoin networks. The platform's core innovation, Resource Locks, allows for asynchronous transaction execution, separating intent fulfillment from settlement to achieve near-instantaneous cross-chain operations. This abstraction layer removes the need for developers to build or manage complex bridging infrastructure, significantly reducing development time and costs. By integrating with existing Wallet-as-a-Service providers, OneBalance ensures users can interact with dApps without needing to manage multiple wallets or understand underlying network complexities. </solution> <features> - **Chain Abstraction APIs**: Unified interface for interacting with EVM, Solana, and Bitcoin networks. - **Resource Locks Technology**: Enables asynchronous transaction execution, separating intent fulfillment from settlement for faster cross-chain operations. - **One-Click User Experience**: Simplifies user onboarding and interaction by abstracting away blockchain complexities. - **Gas Abstraction**: Users do not need to hold native tokens for gas fees on destination chains. - **MEV Protection**: Mitigates front-running and value extraction during transaction execution. - **Fee Abstraction & Customization**: Allows applications to configure and monetize transactions with flexible fee structures. - **Support for Any Action or Token**: Facilitates a broad range of cross-chain operations beyond simple token swaps. - **Integration with WaaS Providers**: Seamless integration with solutions like Privy and Turnkey for wallet management and transaction signing. </features> <target_audience> Primary customers are Web3 developers and dApp builders who need to facilitate seamless, multi-chain user experiences without the overhead of managing complex cross-chain infrastructure. </target_audience> <revenue_model> Revenue is generated through configurable transaction fees, which can be set as flat or dynamic rates per transaction, settled in the input token. </revenue_model>

What does OneBalance do?

Where is OneBalance located?

OneBalance is based in George Town, Cayman Islands.

Location

George Town, Cayman Islands

Employees

16 employees

Find Investable Startups and Competitors

Search thousands of startups using natural language

AI voice (2021+)underground pipe robots energy flexibility software

Start Searching

OneBalance

⚠️ AI-generated overview based on web search data – may contain errors, please verify information yourself! You can claim this account with your email domain to make edits.

Executive Summary

onebalance.io 300+

George Town, Cayman Islands

Funding

No funding information available.

Team (15+)

No team information available.

Company Description

Problem

Developing decentralized applications that interact across multiple blockchain networks is complex, requiring developers to manage intricate cross-chain logic and infrastructure. This complexity hinders user acquisition and retention by creating fragmented experiences and increasing development cycles.

Solution

OneBalance provides a chain abstraction toolkit that simplifies cross-chain interactions, enabling developers to build seamless user experiences across EVM, Solana, and Bitcoin networks. The platform's core innovation, Resource Locks, allows for asynchronous transaction execution, separating intent fulfillment from settlement to achieve near-instantaneous cross-chain operations. This abstraction layer removes the need for developers to build or manage complex bridging infrastructure, significantly reducing development time and costs. By integrating with existing Wallet-as-a-Service providers, OneBalance ensures users can interact with dApps without needing to manage multiple wallets or understand underlying network complexities.

Features

Chain Abstraction APIs: Unified interface for interacting with EVM, Solana, and Bitcoin networks.

Resource Locks Technology: Enables asynchronous transaction execution, separating intent fulfillment from settlement for faster cross-chain operations.

One-Click User Experience: Simplifies user onboarding and interaction by abstracting away blockchain complexities.

Gas Abstraction: Users do not need to hold native tokens for gas fees on destination chains.

MEV Protection: Mitigates front-running and value extraction during transaction execution.

Fee Abstraction & Customization: Allows applications to configure and monetize transactions with flexible fee structures.

Support for Any Action or Token: Facilitates a broad range of cross-chain operations beyond simple token swaps.

Integration with WaaS Providers: Seamless integration with solutions like Privy and Turnkey for wallet management and transaction signing.

Target Audience

Primary customers are Web3 developers and dApp builders who need to facilitate seamless, multi-chain user experiences without the overhead of managing complex cross-chain infrastructure.

Revenue Model

Revenue is generated through configurable transaction fees, which can be set as flat or dynamic rates per transaction, settled in the input token.