• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum Announces Launch of Open Intents Framework

user avatar

by Giorgi Kostiuk

5 months ago


The Ethereum Foundation has announced the Open Intents Framework (OIF), a modular and open system designed to enhance interoperability within the Ethereum ecosystem.

Purpose and Features of OIF

According to the official announcement on February 19th, the main objective of the Open Intents Framework (OIF) is to streamline cross-chain transactions by allowing users to send assets across different chains seamlessly. Central to this initiative is the concept of 'Intents,' which enable users to specify desired outcomes without handling complex transaction details. OIF standardizes key components such as solving and settlement, allowing developers to integrate and customize solutions without being tied to a single provider. This modular approach boosts shared innovation, ensuring that different intent solutions can work together efficiently.

Strong Support for the Initiative

According to its official website, OIF is a 'public good initiative' led by contributors from the Ethereum Foundation, Hyperlane, and Bootnode. It began with initial funding from Hyperlane to establish a strong foundation for future community ownership and funding. The standard is also supported by prominent Layer 2s such as Arbitrum, Optimism, Scroll, Polygon, and others. Further developments and expansions are expected in the near future.

Uniswap Labs' Role in Standards Development

Uniswap Labs, the team behind the Uniswap decentralized exchange, highlighted its role in co-authoring ERC-7683, a standard introduced last year to facilitate the adoption of cross-chain intents within the ecosystem. In a follow-up tweet to the Ethereum Foundation’s announcement, they emphasized the importance of working together to successfully unify Ethereum.

Last year we co-authored ERC-7683, a new standard for cross-chain intents built for any team to adopt. Today, we’re excited to see it as a core part of the Open Intents Framework. Because the best way to unify Ethereum is together.Uniswap Labs

The launch of the Open Intents Framework marks a significant step towards enhancing interoperability within the Ethereum ecosystem. Strong backing from the Ethereum Foundation and other key players underscores the importance of this standard and its potential impact on the future of the blockchain industry.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Kenya Launches National Digital Token on Solana to boost Digital Economy

chest

Kenya launches National Digital Token KenyaNDT on Solana blockchain to enhance digital finance and governance.

user avatarGiorgi Kostiuk

New Records in the Crypto Market: Bitcoin and Algorand Amidst Historical Growth

chest

Bitcoin and Algorand set new records. Algorand shows a 34% increase and mirrors the breakout pattern of XRP.

user avatarGiorgi Kostiuk

Hyperliquid's Open Interest Surge and HYPE Token Reaches All-Time High

chest

Hyperliquid reached $10.6 billion in open interest, while the HYPE token hit a record of $47, signaling growing interest in DeFi.

user avatarGiorgi Kostiuk

Bitcoin Price Reaches New High Above $118,800 Due to Institutional Interest

chest

Bitcoin surged to a record high above $118,800 driven by institutional buying and reduced exchange balances ahead of the CPI data release.

user avatarGiorgi Kostiuk

Ethereum on the Verge of Breakout: Growth Objectives and Key Levels

chest

Ethereum is approaching the crucial $3,500 level, which may catalyze further growth to $12,000.

user avatarGiorgi Kostiuk

Garlinghouse’s Leadership at Ripple: Parallels with Steve Jobs

chest

Brad Garlinghouse is compared to Steve Jobs. Analyzing his leadership and influence on the crypto market.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.