Skate is a universal application layer that enables stateless apps to operate across thousands of blockchain networks with a unified state, utilizing intent-driven interoperability for seamless cross-chain interactions. This technology addresses the fragmentation of blockchain ecosystems by synchronizing disparate chains, enhancing transaction speed and reliability through its Fast Finality Network.
Funding
$3.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The increasing number of blockchain networks leads to fragmented application deployments, where each instance operates in isolation with a unique state. This results in redundant development efforts, liquidity fragmentation, and a disjointed user experience across different chains.
Solution
Skate provides a universal application layer that enables applications to run across multiple blockchain networks with a unified state. By utilizing intent-driven interoperability and a Fast Finality Network secured as an EigenLayer AVS, Skate synchronizes disparate chains, enhancing transaction speed and reliability. Applications built on Skate can interact with users on thousands of chains through a single deployment, while assets remain on their native chains. This approach centralizes application logic while allowing individual chains to focus on value-added services.
Target Audience
The primary target audience includes dApp developers in DeFi, NFT, and gaming who seek to deploy applications across multiple chains with a unified state and improved user experience.
Features
- Intent-driven interoperability for seamless cross-chain interactions.
- Fast Finality Network secured as an EigenLayer AVS for accelerated transactions.
- Universal Application Scope, allowing applications to run on all chains with a single state.
- Agnostic to the underlying virtual machine environment, supporting Ethereum, rollups, and chains like Solana.
- Off-chain executors that compete to settle transactions, optimizing for the best settlement pathway.
- Testnet built on the Optimism Bedrock tech stack.