Skate, a unified liquidity platform enabling cross-chain virtual machine (VM) interactions, has launched the first automated market maker (AMM) protocol designed to operate seamlessly across major blockchain networks.
A Major Interoperability Breakthrough
According to an official announcement, Skate AMM enables users to interact with applications across multiple top VM environments, including Ethereum (EVM), Solana (SVM), and TON Blockchain (TonVM). This innovation allows users on an SVM chain to engage effortlessly with native apps on an EVM or TonVM chain, marking a significant milestone in blockchain interoperability.
Beyond EVM, SolanaVM, and TonVM, Skate AMM extends its functionality to other VM environments, including Sui, Movement, and Eclipse. The protocol ensures that users benefit from unified liquidity and optimized pricing across these ecosystems.
Solving the Liquidity Fragmentation Problem
Legacy AMMs are limited by their monolithic designs, which keep them confined to single blockchains. Each new chain must bootstrap its own AMM, forcing liquidity providers to split their capital across multiple networks. This fragmentation often results in poor pricing and high slippage.
Skate AMM tackles this issue with a stateless design that supports multi-chain and multi-VM functionality. Instead of fragmented liquidity pools, Skate AMM creates a canonical liquidity state and hub, ensuring users can access liquidity from any supported chain.
Security is enhanced through actively validated service operators, leveraging Ethereum’s restaking protocol EigenLayer for economic trust and safety. The separation of core AMM logic from asset custody further secures user funds by keeping assets on their native chains, eliminating bridging risks.
Benefits for Traders and Liquidity Providers
The advantages of Skate AMM extend to both traders and liquidity providers:
- Traders benefit from deeper liquidity, lower slippage, and improved pricing.
- Liquidity Providers (LPs) gain access to higher fee revenue, enhanced user experiences, and improved capital efficiency.
Expanding the DeFi Landscape
Skate AMM is set to impact a broad range of blockchain networks, supporting users across Mantle, Hyperliquid, Berachain, Monad, Arbitrum, Story Protocol, Sonic SVM, SOON, ZKSync, and Aptos. By fostering a unified liquidity infrastructure, the protocol paves the way for greater innovation and adoption in decentralized finance (DeFi).
With this launch, Skate AMM is positioning itself as a transformative force in the DeFi ecosystem, addressing long-standing liquidity challenges and unlocking new possibilities for cross-chain trading and asset management.
