Following the Value Flow in the Intents Stack

Key Insights

• Intent-based transactions offer benefits like increased interoperability, access to global liquidity, and capturing MEV for users.
• Current intent protocols are siloed, hindering counterparty discovery, necessitating the development of a new architecture.
• Intent-based systems create alternative monetization avenues, with intent architecture layers and users wielding the majority of pricing power.
• Verticals such as spot trading, perpetual protocols, and bridging present substantial market opportunities.
• The primary beneficiary is expected to be intent architecture layers, with a projected $22 billion opportunity by aggregating volumes from related verticals.

What are intents, and what problem do they solve?