Ethereum and other networks melt in Mercatrow

A new standard, a set of rules and guidelines established to ensure interoperability and consistency of operations between chains is to integrate their existence within the Ethereum Ecosystem (ETH).

Additionally, according to the Ethereum Foundation (EF), the ERC-7683 Standard has employed 65 distributed applications (DAPPS) and a second-tier network since it was created on November 4, 2024.

One reason for promoting the acceptance of ERC-7683 is an extended concern to parts of the Ethereum community, to address the fragmentation of liquidity (funding across multiple networks) that hinders transactions between chains within diverse ecosystems.

Prepared throughout the UNISWAP lab and protocol, ERC-7683 is intended to improve interoperability between all networks that make up the Ethereum Space (two-tier network, L2, sidechain, main network). Among the several chains that implement that standard are the basics, arbitrum, polygons, and world chains.

Unlike network structure updates such as merges and pins, ERC-7683 is not linked Hard fork (hard branching) or change in consensus. ERC (Ethereum Request for Comments o Request for Comments from Ethereum) is a specific type of proposal for improvements to Ethereum (EIP) that focuses solely on defining standards for intelligent applications and contracts for ETH.

Therefore, the recruitment of these 65 actors does not mean that they will be automatically “operated” across the Ethereum network in a global sense, but is implemented by a network of specific platforms and applications.

What is ERC-7683?

The ERC-7683 is a standard designed to optimize interoperability between chains in the Ethereum ecosystem. Introducing the concept of “intention” (“intention” English), this is a statement of actions that users want to create, such as exchanging tokens, depositing on decentralized finance platforms (defi)) Or a governance vote, through different chains, without specifying how it will be performed.

What should I do? intention?

In Ethereum, intention Instructions from users to guide you through transactions DappWhy would it be exchanged? Cross chain 100 USDCs of 100 USDCs by DAI, the execution is delegated to other participants who make them intentionis called “Filler“ o “Solver” (Enforcer or Solution, English).

loss intention They are realized through a platform interface employing ERC-7683 (e.g. UnisWap) through intelligent contracts that act as intermediaries. These contracts record intent and constitute it as an “order” (order) According to the ERC-7683 standard, Filler.

However, users are not allowed to use the application. intention. According to the ERC-7683 documentation, the platform interface used It will be detected automatically If there is Filler Its intent can be optimized and, if the user is more efficient, it can be converted into orders based on what the user wants. Otherwise, the action is Run under the traditional model Like a platform, like a direct swap in a liquidity pool.

ERC-7683 improves the user experience

The fact that the user should not specify whether to perform it via an operation intention Connect to important ERC-7683 points: Improve your user experience. Transactions between chains often depend on bridges (bridge) or manual procedure, They are usually cumbersome and vulnerable to obstacles and attacksand tend to complicate the interaction process.

According to your documents, ERC-7683 It is abstracted from the interface of Dapp The complexitywhere to provide the framework intention They are expressed uniformly, but the underlying system is responsible for the details of the execution. Not just this It will reduce friction For end users, however, they open the door with a more intuitive and fluid interaction.

And what is this standard for Ethereum?

The main features of the ERC-7683 are intention Users during interaction between Ethereum chains. Your goal is Address fluidity fragmentation Improve the user experience of transactions Cross chain.

From Linea, a two-tier network, they say: «ERC-7683, supports message standard Cross chain For systems based on intention. This resolves fluidity fragmentation. This is a major leap into frictionless scalability for the Ethereum L2-inch.

By establishing a common framework for intentionI’m also looking for ERC-7683 Reduce inefficiency By facilitating the execution of these transactions between networks. This will encourage greater competition between Filleroptimize costs and accelerate transactions.

In other words, the ERC-7683 is the point Redefine how the value works Through the network.

Defi researchers who call themselves “cabanas” were enthusiastic about this standard.

“The ERC-7683 addresses one of the biggest inefficiencies in cross-chain trading: isolated liquidity and complex routing. A careful standardized framework is not just about improving execution. It redefines how values ​​work through the network.

Cabana, Defi researcher.

Cons of ERC-7683

The drawback of ERC-7683 is that the abstraction of the technical process introduced by this standard can expose users without technical knowledge to errors. By allowing intention Users are performed without the need to understand or intervene in the details of inter-chain operations. The responsibility for performing the execution is entirely delegated. Filler. For example, lack of visibility in a process can cause users to detect problems such as excessive rates or failure to execute.

Furthermore, abstractions lead to blind confidence in the system and can exclude users Exploit Or malicious behavior.

These points do not override the purpose of ERC-7683; Filler And the platform that adopts it Reliable and transparent Reduce these risks.

In short, ERC-7683 raises the possibility of a standardized solution for user intent in the increasingly fragmented Ethereum ecosystem. At 65 Dapp And networks that will adopt it until March 2025, an approach to simplifying interactions Cross chain It aims to reduce barriers, but its full impact depends on greater integration and trust in the system that performs these intents.