In 2025, the Ethereum (ETH) L2s ecosystem would possibly lastly resolve all problems with cross-network interoperability and siloed liquidity. As defined by Ethereum (ETH) fanatic who goes by @FigoETH, ERC-7683 “Cross Chain Intents” can be a game-changer.
ERC-7683 makes Ethereum borderless, introduces Intents and Fillers
The introduction of ERC-7683, the most recent cross-chain customary for the Ethereum (ETH) ecosystem, is about to make L2s person expertise 10x higher. This, in flip, will make Ethereum’s L2s extra engaging for brand new generations of builders, @FigoETH says on X.
ERC-7683 will make Ethereum’s L2s lastly interoperable, together with present Polygon, Optimism, Arbitrum and all upcoming ones. Blockchain customers can be in a position to transfer Arbitrum’s NFTs to Optimism and swap tokens from Polygon to Base.
With ERC-7683 carried out, customers can be in a position to create “filler networks,” interoperability areas designed to standardize the expression of Intents — comparable to token swaps, NFT transfers and governance votes — throughout EVM chains.
Organizers of filler networks will compete to fulfill cross-chain Intents with optimized effectivity and minimized prices. These unified filler networks will facilitate interoperability, eradicating the burden from builders and abstracting away the complexities of cross-chain transactions from person experiences.
ERC-7683 will subsequently create a unified framework for cross-blockchain interactions on EVM since all operations can be routinized.
Towards cross-chain apps and unified governance
As coated by an in depth explainer post, ERC-7683 will permit decentralized purposes to streamline governance throughout a number of chains.
For instance, a DAO might simply handle governance proposals throughout varied Layer Two networks and sidechains, giving their neighborhood broader entry to voting processes in a resource-optimized method.
ERC-7683 empowers dApps to leverage completely different chains for specialised features. This paves the trail for DeFi apps that handle transactions on Optimism (OP) for velocity whereas securing belongings on Ethereum (ETH) for its most safety, seamlessly bridging each networks with none additional steps.
The idea was introduced by Mark Toda, Matt Rice and Nick Pai in November 2024, as per Ethereum’s official EIP portal.
