Skate Unveils Cross-Chain AMM Protocol

Skate, a unified liquidity platform, has announced the launch of the first automated market maker (AMM) protocol operating across major blockchains.

Key Features of Skate AMM

The Skate AMM enables users to navigate applications across leading virtual machine environments, including Ethereum (ETH), Solana (SOL), and TON Blockchain (TON), allowing seamless interaction between SVM and EVM or TonVM chains.

This represents an interoperability breakthrough that could enhance innovation and adoption within the decentralized finance ecosystem.

Multi-Chain Support

In addition to EVM, SolanaVM, and TonVM, Skate AMM operates across Sui, Movement, and Eclipse VM environments. It offers cross-VM interaction while maintaining unified liquidity and pricing for users.

Addressing Fragmentation

Traditional AMMs are hindered by their siloed designs, forcing new chains to establish their own AMM systems and leading to fragmented liquidity and poor pricing. Skate AMM tackles this issue with a stateless design that supports multi-chain environments.

Improved Liquidity and Security

With a canonical liquidity state and hub, Skate AMM allows users to access liquidity from all supported chains while ensuring asset security through the Ethereum restaking protocol Eigenlayer. This design mitigates bridging risks, keeping users’ assets on their native chains.

Benefits for Traders and Liquidity Providers

Skate AMM aims to deliver deeper liquidity, reduced slippage, and enhanced pricing for traders. Liquidity providers will benefit from increased potential fee revenue, improved user experiences, and greater capital efficiency.

Supported Platforms

Users will benefit from Skate AMM across platforms such as Mantle, Hyperliquid, Berachain, Monad, Arbitrum, Story Protocol, Sonic SVM, SOON, ZKSync, and Aptos.