Binance exchange announced that it has invested in Particle Network, a ‘modular chain abstraction infrastructure’ project. The project aims to enable users to easily trade on many chains with the motivation of ‘One balance and one account on each chain’.

In the statement made, the importance of easy use of accounts was emphasised in a period when the number of blockchain networks is increasing day by day and both layer 1 and layer 2 networks are increasing.

Particle Network, which works as a modular layer 1 network, provides this infrastructure with 4 system features called Universal Accounts, Universal Liquidity, Universal Gas and Particle L1.

Yi He, one of the founders of the stock exchange and the head of Binance Labs, said the following about the investment:

“Binance Labs is committed to supporting founders who are building innovative products to onboard the next billion users into Web3. We look forward to supporting Particle Network in their mission to create a smoother and more intuitive user experience for everyday users,”

On the other hand, Binance did not disclose the value of its investment in Particle Network.