Abey
Abey is a Layer 1 blockchain platform managed by the Abey Foundation, a non-profit organization based in George Town, Grand Cayman. The platform is designed to support interactive, cross-application data sharing and is compatible with the Ethereum Virtual Machine (EVM). [1]
Overview
The Abey blockchain was launched in 2018 and is an "Inter-App Blockchain." This core concept is designed to facilitate interactive data sharing between different applications built on its network. For instance, an achievement or item earned in one game could unlock features or be recognized in another unrelated application within the Abey ecosystem. The platform is built to support projects in sectors such as decentralized finance (DeFi), GameFi, and the Metaverse. [1]
It operates as a nonprofit organization that serves as the steward for the Abey chain. Its primary mission is to foster the growth of the ecosystem by providing funding and support to developers through a grants program. Abey emphasizes achieving user adoption through simplicity and ease of use for both developers and end-users, rather than focusing exclusively on technical metrics like transactions per second (TPS). The project's stated goals include achieving fast transaction finality and enabling seamless functionality across different blockchain ecosystems. [2]
Features
- High Throughput: The network reportedly processes up to 3,000 transactions per second (TPS). The architecture is designed with plans to incorporate sharding technology to potentially increase this capacity to 100,000 TPS in the future. [1]
- Interoperability: The platform supports cross-chain functionality, aiming to enable seamless interaction with other blockchains. It also features a core "Inter-app" capability, which facilitates data sharing and composability between different dApps operating on the Abey network. [1]
- Fast Finality: The chain is designed to offer fast finality, which reduces the waiting time for transaction confirmation and settlement, improving the user experience. [2]
- Developer Focus: Abey simplicity in its platform to make the blockchain more accessible for developers to build on and for users to interact with. [2]
Ecosystem
The Abey ecosystem consists of a network of dApps and supporting platforms, cultivated through the Abey Grants Program. This program provides funding and resources to developers and teams building on the Abey chain. Abey actively promotes these projects through its official channels. The community maintains a presence on platforms like Discord, which had over 5,000 members as of late 2025. [2] [3]
Key projects within the ecosystem include:
- XSwap: A decentralized exchange.
- XRacer: A GameFi project.
- InterWorld: A mobile-friendly metaverse.
- Fantase: An NFT marketplace. [2]
Use Cases
- DeFi: Supporting decentralized finance applications, with the XSwap DEX being a central component for token swaps and liquidity.
- GameFi: Enabling play-to-earn (P2E) gaming experiences, such as the NFT-based racing game XRacer.
- Metaverse: Providing a foundational layer for interconnected virtual world projects.
- Cross-Application Interactivity: Allowing user data, such as scores, achievements, or digital assets, to be recognized and utilized across different dApps on the chain. [1] [2]
Tokenomics
Abey Token ($ABEY)
The native token of the Abey blockchain is integral to the network's operation, security, and governance. The foundation promotes the ARC-20 token standard, which is designed to simplify the process for developers to launch new tokens on the Abey chain and across different ecosystems
Token Utilities
- Governance: The token is used by holders to participate in network governance by voting to elect the members of the DPoS committee.
- Staking: As part of the DPoS consensus mechanism, tokens are used to participate in the process of securing the network, which typically involves staking.
- Transaction Fees: The token is used to pay for network gas fees required for processing transactions and executing smart contracts. [1]
Governance
The governance model for the Abey blockchain is based on its Delegated Proof-of-Stake (DPoS) system. Token holders have a direct role in the network's governance by participating in the election of a committee of delegates. This elected committee is then entrusted with the responsibility of maintaining the ongoing operation of the blockchain, including transaction validation and blockchain production. This model delegates the day-to-day network maintenance to a smaller group chosen by the broader community of token holders. [1]
Partnerships
The Abey Foundation collaborates with external partners for infrastructure support and actively promotes projects building within its ecosystem.
In addition to these infrastructure partners, the foundation supports and collaborates with various projects building on its chain, including InterWorld, XRacer, and Fantase. [1] [2]