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.
Funding
Funding not disclosed
Founders
Product
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.
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.
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.