Omnicat surged 50 times, leading the trend in the entire chain. Which other projects in the entire chain are worth paying attention to?

Written by: Deep Tide TechFlow

On Christmas Eve, the craze for "土狗" continues.

On December 22, a meme project named omnicat quietly emerged, with its token OMNI skyrocketing over an astonishing 50 times within just 24 hours of its launch, overshadowing previously stellar performers like cats, dogs, chickens, and dragons.

The rapid price surge quickly attracted attention, shifting the market's focus.

If you search for OMNI on on-chain trading tools like Dexscreener, you will discover a peculiar phenomenon:

Unlike some meme coins that parasitize a single public chain, omnicat has liquidity across almost all mainstream chains. A closer look at the contracts reveals that this is not a case of omnicat succeeding on one chain and then a slew of copies appearing on others; rather, there is a contract starting with "OMNI" on each chain.

Moreover, the price of OMNI on each chain is almost identical.

Clearly, omnicat is a "full-chain" meme coin.

Note that in trading scenarios, there is a fundamental difference between full-chain and cross-chain. The former does not care which chain or currency you use as gas fees; the latter requires you to transfer assets from one chain to another to purchase tokens.

It is evident that the former offers higher trading efficiency and a broader audience. For on-chain degens, this may be more convenient than using certain exchange Web3 wallets to automatically cross-chain and calculate gas fees—just check which chain has more assets and go for it.

If you further check omnicat's Twitter account, you will find that it even states in its introduction, "We are the first omnichain meme coin, supported by Layerzero."

The cat image of omnicat looks unremarkable, but using Omnichain technology to cover various ecosystems with a meme coin is a first.

Meme 土狗s, while popularity certainly has factors of design and cultural connotation; a meme being quickly discovered and skyrocketing in price also reflects the market's willingness to embrace narrative shifts:

The full-chain narrative may soon become popular.

Let's review what "full-chain" means

When it comes to full-chain, some new readers might easily associate it with "full-chain games."

In reality, this full-chain is not the same as that full-chain.

Full-chain games refer to placing the entire operational logic of the game on-chain, contrasting with traditional games where part of the game logic is off-chain.

For meme coins like omnicat mentioned above, full-chain means that assets can be deployed across various chains.

Thus, for full-chain games, "full" means "all"; while for the current omnicat, "full" means "multiple."

In July last year, Vitalik mentioned in the Ethereum forum that the future would be multi-chain, but not cross-chain, due to fundamental security limitations of bridges crossing multiple "sovereign areas."

When mentioning multi-chain, it actually refers to the interoperability of blockchains, allowing different blockchains to communicate and interact (which can involve sending information, metadata, and assets from one chain to another).

To address these issues and break the barriers of cross-chain technology, a form known as "full-chain" (Omnichain) has emerged.

Full-chain interoperability breaks the limitations of cross-chain, allowing all blockchains to interoperate and bringing together EVM and non-EVM compatible chains to build an interconnected DeFi multi-chain ecosystem, thus unlocking cross-chain composability.

In the context of this full-chain (Omnichain) technology, the most well-known is Layerzero.

LayerZero is a general-purpose data information communication protocol that securely and simply transmits information on-chain to achieve cross-chain communication between applications. By deploying "LayerZero Endpoints" (lightweight clients composed of smart contracts with communication, validation, and networking functions) on the respective chains, users can achieve cross-chain communication in a single trustless and secure transaction.

The omnicat official Twitter shows "technically supported by Layerzero," likely utilizing the aforementioned technology to achieve this.

What other full-chain projects are worth paying attention to?

omnicat has already seen price discovery, and its explosive rise has also renewed the market's view of the potential of the "full-chain narrative."

Besides memes, what other projects utilizing full-chain (Omnichain) technology are worth watching?

Metazero: Committed to full-chain tokenization of real-world game assets

MetaZero is positioned as an innovative synthetic liquidity layer protocol, aiming to tokenize real-world game assets through the technology provided by LayerZero, allowing them to circulate across different chains.

The project's goal is to free players' game assets from the framework of traditional game markets, granting more value to on-chain transactions.

Taking the famous shooting game CS2 as an example, the game skins in CS2 have different qualities, and top-quality skins can be quite expensive, with some even trading for six-figure sums.

However, trading these game assets is not particularly convenient, and liquidity is not particularly good, generally circulating on the official Steam market and third-party trading platforms, with different platforms providing services in various countries.

Using MetaZero, blockchain technology and a thorough verification process can create a synthetic on-chain version of these assets, directly mapping them to their off-chain counterparts.

The original assets in the game can also be considered a type of RWA, and in MetaZero's business process, the value of the assets can be reflected in NFTs, making tokenization possible and ultimately breaking the barrier of game assets only circulating within localized game communities, opening up the traditional game asset market to a larger investment audience.

From its official Twitter, we can also see that MetaZero will launch its genesis ONFT mint next week. From the naming, these NFTs should also be full-chain, able to be issued across various chains, corresponding to limited weapons and item skins in the CS2 game.

Additionally, the project's token MZERO was launched on Uniswap on December 22. As of the time of writing, MZERO's market cap is only around 7.3 million USD, with a 24-hour increase of an astonishing 85 times.

According to on-chain address monitoring, the DWF partner address has also recently purchased MZERO.

Omnisea: Full-chain NFT Launchpad

From the name, it is clear that Omnisea aims to be another Opensea in the NFT space.

Omnisea is a full-chain NFT launchpad based on LayerZero and Axelar Network, allowing creators to issue NFTs that can be cross-chain based on LayerZero.

At its core, Omnisea is a full-chain asset creation protocol that can easily deploy ONFTs. All NFTs minted through Omnisea utilize LayerZero cross-chain messaging.

Additionally, the project has developed the OmniseaPortal contract: a cross-chain composable and permissionless NFT bridge that supports all existing ERC721 NFT collections and allows for easy integration by third-party protocols.

The project's token is OSEA, with the total allocation as follows: - 55% for the ecological fund (for governance), with an initial unlock of 5%, and the remaining 50% starting linear unlock after a 2-year lock-up period, continuing for 50 years.

• 30% for liquidity (for pool creation, listings, and rewards for OSEA holders), with an initial unlock of 10%, and the remaining 20% linear unlock over 5 years.

• 15% for the team, with an initial unlock of 5%, and the remaining 10% linear unlock over 2 years.

From the recent performance of the token, the 30-day increase is about 30%, with a market cap of only around 470,000 USD, and it hasn't performed particularly well in the recent small bull market, with limited trading markets supported by OSEA.

However, its official Twitter indicates that the V3 version is about to be launched, supporting seamless trading of NFTs using different public chains without needing to switch networks; it will also support more assets like ERC-1155 and ERC-20 standards, and enable quick NFT creation, which may serve as a good expectation and catalyst.

Gh0stly Gh0sts: The First Omnichain NFT

Gh0stly Gh0sts is the first Omnichain NFT series, supported by Layer Zero Labs. Gh0sts spans 7 EVM chains: - Ethereum - Arbitrum - Optimism - Binance Smart Chain - Avalanche - Polygon - Fantom.

Regarding the design and cultural core of the NFTs, I won't delve too deeply here.

Gh0stly Gh0sts is not a new project; its NFT series was launched back in April last year.

However, in the last day or two, its floor price has risen by about 70%, currently reaching around 0.2E, while trading volume and sales have seen significant increases. On one hand, this may be due to the meme token of Ominicat leading the craze for the full-chain narrative; on the other hand, we can also see from its official Twitter that Layerzero has recently mentioned its token design, and the V2 version is also about to be released.

This may also increase expectations for holding Gh0stly Gh0sts to receive airdrop tokens, or indicate that the market is betting on holding full-chain concept NFTs to gain more marketing opportunities.

From the recovery of Solana to the chase by Avalanche, we can observe that funds and narratives always rotate across different chains.

Now, the market's attention has turned to full-chain.

Meme coins related to full-chain may just be the beginning; more projects within the full-chain narrative, supported by solid fundamentals, may see better performance.