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As an increasing number of layer-2 chains compete today for user attention and liquidity, developer efforts are ramping up around “chain abstraction,” a broad term used to describe a seamless cross-chain user experience across all chains.
Fully implemented chain abstraction is still years away, though we have an early glimpse into what a chain-abstracted user experience looks like.
In partnership with Everclear (previously Connext), Renzo protocol sought to bring native restaking to six supported layer-2s: Arbitrum, BNB Chain, Base, Mode, Blast and Linea. Renzo is the third-largest liquid restaking protocol, with $1.2 billion in total value locked (TVL) today.
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