"Avail Co-Founder: Multi-Chain Future Inevitable, Nexus Upgrade to Simplify Cross-Chain Liquidity"
1min read Avail Project Co-Founder Explains Why The Future of Crypto Will Be Multi-Chain
Anurag Arjun, co-founder of Avail Project, a network designed to facilitate cross-chain communication, transaction verification, and liquidity sharing, recently shared his vision for the future of blockchain technology. In an interview with BeInCrypto during Consensus Hong Kong, Arjun emphasized the importance of a multi-chain future and the need for infrastructure that supports seamless cross-chain liquidity.
When asked about the current status of Avail Project, Arjun explained that the project began as a spin-off from Polygon in 2023 and has been operating since then. He noted that the project was initiated in response to the growing trend of roll-up-centric roadmaps for Ethereum and the realization that a single chain would not be able to handle population-scale transaction loads. Arjun believes that the future lies in a multi-chain environment, as demonstrated by recent congestion issues on popular chains like Solana.
Arjun highlighted the upcoming Nexus Upgrade, which focuses on enabling seamless connectivity between roll-ups on Avail. This upgrade aims to allow users to borrow liquidity from existing sources on other roll-ups, making it easier to transact on new roll-ups without having to bootstrap liquidity on each chain. From a user perspective, this means that users with funds on chains like Solana or Base can still perform transactions on new roll-ups like Sophon or Lens.
Regarding the growth and adoption of the new technology, Arjun noted that app developers currently deploy applications on multiple chains to reach a wider user base. The Nexus Upgrade aims to simplify this process by enabling app developers to deploy on a single chain while still allowing users from other chains to access the application seamlessly, without the need for bridging funds.
When asked about the biggest challenge for the expansion of this technology, Arjun cited technical challenges as the primary obstacle. He noted that the more changes Avail wants to introduce, the more it needs to prove the execution through different means. The provability of a chain and the speed of integration are crucial factors in this process.
Arjun also discussed the significance of partnerships in user growth, noting that while partnerships help, the focus should be on reducing the friction of funds moving between chains. He believes that capital will reside in a few chains, with a long tail focusing on utility. Avail aims to differentiate itself by 