Unified Liquidity Platform Skate Launches Cross-Chain Automated Market Maker Protocol

Breaking Down the Barriers of Interoperability

Skate, a unified liquidity platform, has successfully launched the first automated market maker (AMM) protocol that operates across the top blockchains. This milestone achievement enables users to seamlessly interact with applications across various virtual machine (VM) environments, including Ethereum, Solana, and TON Blockchain.

Enhancing Interoperability and Adoption

This innovation has the potential to accelerate decentralized finance (DeFi) ecosystem growth, driving fresh innovation and adoption. Skate AMM operates across multiple VM environments, including EVM, SolanaVM, TonVM, Sui, Movement, and Eclipse, among others. Users can benefit from unified liquidity and pricing while interacting with native apps on different chains.

Addressing the Limitations of Legacy AMMs

Traditional AMMs are hindered by their monolithic design, which restricts them to a single supported chain. This results in poor pricing and slippage, as liquidity providers must split their capital across multiple chains. Skate AMM addresses this issue with a stateless design, enabling multi-chain and multi-VM support.

Unified Liquidity and Better Pricing

The Skate AMM introduces a canonical liquidity state and hub, allowing users to tap into liquidity from any supported chain. Actively validated services operators offer security via the economic trust of Ethereum restaking protocol Eigenlayer. The separation of core AMM logic from asset custody results in unified liquidity and better pricing, with users’ assets remaining on the native chain to eliminate bridging risks.

Benefits for Traders and Liquidity Providers

Skate AMM offers several benefits, including:

  • Deeper liquidity, resulting in less slippage and better pricing for traders.
  • Better fee revenue, greater user experience, and higher capital efficiency for liquidity providers.

“Skate AMM looks to address the limitations of legacy AMMs with a stateless design that means multi-chain and multi-VM support.”

Supported Chains and Ecosystems

Skate AMM will benefit users across various chains and ecosystems, including Mantle, Hyperliquid, Berachain, Monad, Arbitrum, Story Protocol, Sonic SVM, SOON, ZKSync, and Aptos.

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