Tiger Research: Surge in Interest in Native Chain for Exchanges

Tiger Research: Surge in Interest in Native Chain for Exchanges

Tiger Research: Surge in Interest in Native Chain for Exchanges Asian Web3 specialist research and consulting firm Tiger Research has released a report titled "Native Blockchain Trend of Virtual Asset Exchanges." The report highlights a growing trend among virtual asset exchanges to develop and operate native chains. Purpose of Native Chain Native chains allow exchanges to gain greater control over their operations, enhance security, and expand their ecosystem. They can be classified into two types: token-centric and technology-centric. Token-Centric Native Chains: Focus on creating a utility token for the exchange's ecosystem. Tokens can be used for transaction fees, governance, or access to exclusive features. Technology-Centric Native Chains: Emphasize providing technical solutions such as scalability, interoperability, and security. May be used to facilitate cross-chain transactions or support decentralized applications. Challenges of Native Chain Despite the potential benefits, native chains also pose certain challenges: High development and maintenance costs. Intense competition from existing blockchains. * Regulatory uncertainties surrounding the use of native chains. Tiger Research's report provides a comprehensive analysis of the native chain trend in the virtual asset exchange industry. It offers valuable insights for exchanges considering developing their own native chains.