Latest Skate (SKATE) News Update

Deep Dive

1. Skate AMM Live on SuiNetwork (28 July 2025)

Overview: Skate AMM launched on SuiNetwork, adding to existing Ethereum and Solana support. The SUI-USDC pair saw steady volume growth, advancing its goal of shared liquidity pools across virtual machines. A unified backend for cross-chain swap data aggregation is under development.

What this means: This strengthens Skate’s position in multi-chain DeFi, potentially boosting protocol revenue and user adoption. However, front-end metrics may lag until data normalization completes. (Skate)

2. ezSKATE Liquid Restaking Launch (24 July 2025)

Overview: The ezSKATE Flow Vault, built with RenzoProtocol and ConcreteXYZ, allows SKATE holders to restake tokens on EigenLayer AVS. This aims to enhance capital efficiency for institutional participants.

What this means: Liquid restaking could improve SKATE’s utility and staking demand, but adoption depends on EigenLayer’s security reputation and yield attractiveness. (Skate)

3. DAO Governance & Buyback Plans (1 August 2025)

Overview: Skate completed its first code audit and plans a second, paving the way for liquidity provisioning. The team is drafting a DAO proposal to buy back SKATE using protocol revenue, supported by AMM fees and EigenLayer AVS growth.

What this means: Buybacks might counter selling pressure if revenue scales, but reliance on AMM adoption and EigenLayer’s performance introduces execution risk. (Skate)

Conclusion

Skate is pushing cross-chain liquidity and governance maturity, but its success hinges on technical execution and market-wide DeFi activity. With turnover at 76% (volume/market cap), can protocol revenue outpace dilution from ~785M unlocked tokens?

Deep Dive

1. @skate_chain: Multi-VM Liquidity Pools Live bullish

"Skate AMM now operates across 3 blockchain VMs...SUI–USDC pair shows steady growth"
– @skate_chain (664K followers · 2719 likes · 2025-08-01 22:52 UTC)
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What this means: This is bullish for SKATE as cross-chain liquidity pools could drive higher protocol revenue, directly funding planned token buybacks.

2. @skate_chain: EigenLayer AVS Hits $5B bullish

"Surpassed $5B in economic trust...strengthening revenue-security alignment"
– @skate_chain (664K followers · 2719 likes · 2025-08-01 22:52 UTC)
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What this means: This is bullish because EigenLayer’s restaking mechanism ties SKATE’s security budget to protocol income, creating a flywheel for sustainable growth.

3. @skate_chain: ezSKATE Restaking Goes Live mixed

"Enables liquid restaking of SKATE tokens...seamless institutional liquidity"
– @skate_chain (664K followers · 2719 likes · 2025-07-24 07:02 UTC)
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What this means: This is mixed – while it improves capital efficiency for holders, the 214M circulating supply faces sell pressure from unlocked institutional positions.

Conclusion

The consensus on SKATE is cautiously bullish, with developers delivering cross-chain infrastructure while battling macro headwinds. Watch the Skate DAO launch and whether protocol revenue (currently untracked) can offset its -71% 90d price drop. For a token down 92% yearly, execution risks remain sky-high – but so does the upside if shared liquidity pools gain traction.

Deep Dive

1. Protocol Revenue Buybacks (Ongoing)

Overview: Skate DAO initiated weekly buybacks of SKATE tokens using protocol revenue generated from AMM fees and partnerships. Funds are converted to ezSKATE, a liquid restaking token, and distributed as yield to stakers (Skate DAO Proposal).
What this means: This is bullish for SKATE as buybacks reduce circulating supply while aligning staker incentives with protocol growth. Risks include reliance on sustained AMM revenue, which depends on cross-chain adoption.

2. Grants for Builders (Q1 2026)

Overview: A grants program targeting developers to build stateless apps, dashboards, and integrations. Funding is tied to milestone-based deliverables, not lump sums, to ensure accountability (Skate DAO).
What this means: Neutral-to-bullish. While this could expand Skate’s ecosystem, success hinges on attracting high-quality developers in a competitive market.

3. Cross-VM Liquidity Expansion (2026)

Overview: After launching on Solana, EVM, and Sui in 2025, Skate aims to unify liquidity pools across additional VMs (e.g., TON, Aptos) and introduce new trading pairs (Skate AMM Update).
What this means: Bullish if executed well, as shared liquidity reduces fragmentation and improves pricing. However, technical complexity and competition from native AMMs pose risks.

4. EigenCloud AVS Integration (Q2 2026)

Overview: Skate plans deeper integration with EigenLayer’s AVS to secure its cross-chain infrastructure, leveraging $5B+ in economic trust from restakers (Skate AVS).
What this means: Bullish for long-term security but dependent on EigenLayer’s adoption. Delays or vulnerabilities in EigenLayer could impact timelines.

Conclusion

Skate’s roadmap prioritizes tokenomics tightening (buybacks), ecosystem growth (grants), and technical scalability (cross-VM liquidity). The integration with EigenLayer adds a layer of trust but introduces external dependencies. Will Skate’s stateless model outpace chain-specific AMMs as multi-VM adoption grows?

Deep Dive

1. Final Audit Testing (13 August 2025)

Overview: Skate is finalizing code revisions flagged during its first audit to enable user-controlled liquidity provisioning.
The audit, conducted by Nethermind Security, covered both SolanaVM and EVM codebases. A second audit is planned to ensure robustness before allowing users to add/remove liquidity directly. This step is critical for decentralizing protocol control.
What this means: This is bullish for SKATE because resolving audit findings reduces exploit risks and builds trust in its cross-VM infrastructure. Users gain direct control over liquidity, potentially boosting protocol revenue.
(Skate)

2. Cross-VM Liquidity Pools (1 August 2025)

Overview: Skate AMM expanded to SuiNetwork, enabling shared liquidity pools across Ethereum, Solana, and Sui.
The SUI–USDC pair has seen steady volume growth, with plans to add more pairs. A unified indexing backend is being deployed to normalize swap data aggregation across all platforms.
What this means: This is neutral for SKATE because while cross-VM liquidity improves capital efficiency, front-end volume metrics may appear suppressed until the aggregation layer syncs fully. Traders benefit from deeper liquidity but need to monitor sync progress.
(Skate)

3. Pulse Quoting v0.1 (24 July 2025)

Overview: Pulse Quoting’s asynchronous settlement system went live on Solana, processing $500K+ volume in two days.
The feature uses PythNetwork’s Express Relay for real-time price feeds, reducing latency and slippage. It became the second-largest SOL-USDC liquidity venue on Pyth shortly after launch.
What this means: This is bullish for SKATE because faster settlements attract high-frequency traders, increasing protocol fee revenue. However, reliance on third-party oracles like Pyth introduces external risk factors.
(Skate)

Conclusion

Skate’s codebase updates emphasize security hardening, cross-chain liquidity unification, and transaction speed. The upcoming Skate DAO launch and revenue-driven token buybacks could further align incentives. How will protocol revenue trends evolve as cross-VM adoption scales?