What is Skate (SKATE)?

Deep Dive

1. Cross-Chain Interoperability

Skate solves application fragmentation by allowing dApps to deploy once and run across EVM (e.g., Ethereum) and non-EVM chains (e.g., Solana, Sui) via a single state. Its architecture uses intents (user-signed transaction preferences) and an Executor Network to process cross-VM actions. This approach bypasses traditional bridging, reducing complexity and liquidity silos.

2. Skate AMM & Shared Liquidity

The protocol’s Automated Market Maker (AMM) aggregates liquidity into a single curve accessible across all supported chains. For example, liquidity pools for SUI–USDC on Sui Network share depth with EVM-based chains. Recent upgrades like Pulse Quoting enable near-instant settlements on Solana, enhancing capital efficiency (Skate).

3. Tokenomics & Governance

SKATE’s 1 billion supply allocates 45.5% to community incentives, 18% to ecosystem reserves, and 15% to investors. Key utilities:
- Governance: Stakers vote on protocol upgrades and incentive distribution.
- AVS Security: Restakers earn SKATE for securing Skate’s EigenLayer AVS, which surpassed $5B in economic trust by August 2025.
- Liquidity Mining: Rewards for AMM liquidity providers and stateless app builders.

Conclusion

Skate is a cross-VM interoperability layer designed to unify dApp deployment and liquidity across blockchains. By integrating EigenLayer’s security model and a shared AMM, it aims to simplify multi-chain development. Can Skate’s “single state” model overcome the technical and adoption hurdles of cross-chain fragmentation as new VMs emerge?