Avail Project's Vision for a Multi-Chain Future

Anurag Arjun, co-founder of Avail Project, is spearheading efforts to enable effective blockchain communication, transaction verification, and liquidity sharing across multiple chains.

In a recent discussion, Arjun shared insights during Consensus Hong Kong, emphasizing that a cross-chain infrastructure is essential for future blockchain innovations. This infrastructure will significantly enhance user experience by facilitating fluid cross-chain liquidity.

Current Status of Avail Project

“We began our journey within the Polygon ecosystem in 2020 but matured into our own entity by 2023. The initial idea was sparked by the emerging roll-up-centric roadmap for Ethereum. We recognized that a single blockchain could face scalability challenges with population-scale transactions,” noted Arjun.

He cited recent events involving popular coins that congested the Solana network as evidence for the necessity of a multi-chain environment. “We started Avail with the goal of supporting roll-ups across various chains, aiming for a more interconnected, multi-chain functionality,” he added.

The upcoming Nexus Upgrade focuses on enabling seamless cross-roll-up connectivity, allowing users to access liquidity from established roll-ups without the need to bootstrap funds on numerous chains.

Nexus Upgrade Plans

Addressing the Nexus Upgrade, Arjun elaborated, “Currently, app developers typically create applications tailored to a single chain. While a platform like Aave has been deployed on 13 separate chains, the code remains unchanged, requiring ongoing management for each. Our objective is to allow developers to deploy their applications once and grant users access across different chains without cumbersome bridging processes.”

Challenges in Technology Expansion

“The primary challenges we encounter are technical in nature. The evolution of this ecosystem requires robust proof mechanisms for execution across various chains,” he explained.

Partnerships and User Growth Strategies

When it comes to growth, partnerships play a crucial role. Arjun mentioned their collaboration with Wormhole for messaging capabilities and their aim to unify different blockchain initiatives. “Historically, every chain operates independently with its marketing strategies, where attracting liquidity is becoming increasingly difficult,” he stated.

Strategies for Competition

Staying competitive is critical, and Arjun expressed confidence in their infrastructure development. “We have been pioneers in implementing data sampling with validity proofs, a feature that very few projects, including Ethereum, are currently exploring,” he noted, positioning Avail as a strong contender in the landscape of blockchain solutions.

Technological Barriers and Future Plans

Arjun outlined that the platform is forging two significant modes: technical and liquidity-based, which will enhance the capability of new chains to attract liquidity efficiently. Looking ahead, he is optimistic about the Nexus Upgrade, highlighting upcoming developments like the Availfusion layer set for release in Q4. “Our goal is to create a seamless, unified experience for users navigating through multiple chains,” he concluded.

Final Thoughts

With an orderly roadmap, Avail Project aims to streamline user experience within the evolving multi-chain landscape, ensuring next-level accessibility and integration in the Web3 world.