Everything you need to know about Chain Abstraction

Chain abstraction is presented as essential because of the rise of multiple blockchains built to address scalability, and it is defined as unifying the user experience across those chains. The article argues that the account level is best suited to achieve it, since accounts can integrate the most components between the user and the blockchain and users already trust their account providers. It says effective chain abstraction requires cross-chain liquidity networks, universal address standards, and standardized cross-chain communication and account abstraction. It also cites over $2 billion lost in bridge hacks and Ethereum holding 50-60% of total liquidity during the multi-chain period.