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Following the Value Flow in the Intents Stack

Apr 3, 2024Ā ā‹…Ā  27 min read

Explore the promising realm of intent-based transactions, offering users enhanced interoperability, global liquidity access, and MEV capture. While Ethereum protocols have embraced intent-based architectures, their existence within siloed systems underscores the need for a new approach to maximize intent system benefits. Despite ongoing development of intent architecture protocols, centralized auctions are expected to persist until decentralized designs emerge. Additionally, the transition to intent-based systems introduces alternative monetization avenues, empowering intent architecture layers and users with significant pricing power, while presenting a $22 billion market opportunity across spot trading, perpetual protocols, and bridging verticals, with intent architecture layers poised as the primary beneficiary due to their moderate pricing power and volume aggregation capabilities.

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Kinji is a former research analyst covering crypto at Morgan Stanley. His primary interests are DeFi, Infra, and unstable stablecoins.

About the author

Kinji is a former research analyst covering crypto at Morgan Stanley. His primary interests are DeFi, Infra, and unstable stablecoins.