Hello Crypto Enthusiasts,
In this edition of our professional crypto newsletter, we bring you an exciting summary of 100x show featuring Ian Balina, host of the 100x Show, in conversation with Yurii Kyparus, the visionary cofounder of Wallchain and the Miner Extractable Value (MEV) project. This discussion sheds light on Wallchain’s innovative solution for MEV theft and its groundbreaking efforts in the crypto space.
Wallchain’s revolutionary approach aims to solve the problem of MEV theft by integrating directly with protocols to extract value before other bots can seize it. This innovative concept addresses a market estimated to be worth $1 trillion. Interestingly, despite the enormous potential, there are only 10-12 MEV projects, making this a relatively untapped space ready for exploration.
What sets Wallchain apart from its competitors is its fully application-level, intent-level-based MultiChain infrastructure. Unlike other MEV projects, Wallchain does not rely on any particular ecosystem infrastructure, enabling greater flexibility and adaptability. Additionally, they offer an impressive three times more MEV rebate than the market average due to their ability to retain value without sharing it with third parties like validators or searchers.
During the discussion, Yurii Kyparus highlighted Wallchain’s traction in the market. They have successfully returned MEV to users in over 21,000 transactions, benefitting almost 10,000 unique users. To facilitate the capturing of generated value, Wallchain offers a user-friendly Chrome extension. Users can effortlessly extract the maximum value from their transactions through this extension without remembering private RPCs.
Wallchain’s future roadmap includes developing a meta-intent layer where user actions can create value for others while retaining a significant portion of that value for themselves. The company has also been actively working on establishing strategic partnerships and has raised funds from investors who share their vision.
Regarding its business model, Wallchain aims to be the most cost-effective option available by offering the smallest fee in the market. Furthermore, they plan to decentralize all percentage decisions, ensuring fairness and transparency for their users. They firmly believe that Intent will be the driving force behind the future of decentralized finance (DeFi).
Excitingly, Wallchain is preparing to launch an open-source JavaScript Intent Framework called Intent Flow Auction. This framework will empower developers and enthusiasts to leverage intent-based functionalities in their projects and explore new avenues in the crypto landscape.
To stay updated with Wallchain’s progress and engage with like-minded individuals, you can visit their website for more information.
That’s all for this edition of our crypto newsletter. Stay tuned for more exciting developments in cryptocurrencies and blockchain technology.
Best regards,
Token Metrics Team
