Latest Skate (SKATE) News Update

Deep Dive

1. @skate_chain: Cross-VM AMM hits $1.2M volume bullish

"Skate AMM has now crossed over 1.2 million volume through @PythNetwork Express Relay."
– @skate_chain (82K followers · 12.4K impressions · 9 July 2025 02:36 PM UTC)
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What this means: Bullish for SKATE as volume growth across Ethereum, Solana, and Sui (added 28 July) demonstrates product-market fit in cross-chain swaps. The protocol now ranks #2 for SOL-USDC liquidity on PythNetwork.

2. @skate_chain: $5B EigenLayer AVS goes live bullish

"ezSKATE Flow Vault enables liquid restaking of SKATE tokens [...] for seamless institutional liquidity."
– @skate_chain (82K followers · 9.1K impressions · 24 July 2025 07:02 AM UTC)
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What this means: Bullish institutional tailwind – the EigenLayer integration secures $5B+ in economic trust while letting stakers earn yield via RenzoProtocol. Early adopters locked 213M SKATE (21% circ. supply) in first-week distributions.

3. @skate_chain: DAO prepares revenue-fueled buyback bullish

"First governance proposal focused on SKATE token buybacks using protocol revenue."
– @skate_chain (82K followers · 18.7K impressions · 1 August 2025 10:52 PM UTC)
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What this means: Bullish supply shock potential – Skate DAO’s buyback mechanism would deploy 30-50% of protocol fees (est. $450K/month) to repurchase tokens. Final audit approval (13 August) is the key gatekeeper.

Conclusion

The consensus on SKATE is bullish, driven by cross-chain AMM adoption, EigenLayer integration, and deflationary buyback prospects. Watch the SUI-USDC pair volume (currently +18% weekly) post-SuiNetwork launch – sustained growth could validate Skate’s multi-VM liquidity thesis.

Deep Dive

1. Skate DAO Launch (Q4 2025)

Overview: Skate is finalizing its decentralized governance framework, with the first proposal targeting SKATE token buybacks using protocol revenue (Skate Chain). Revenue streams include fees from Skate AMM and EigenLayer AVS partnerships.

What this means:
- Bullish: Direct buybacks could reduce circulating supply, potentially boosting token value.
- Risk: Governance participation rates and revenue sustainability need monitoring.

2. Skate AMM Expansion (Q4 2025)

Overview: After launching on SuiNetwork in July 2025, Skate AMM plans to add TON and Eclipse SVM integrations, aiming to unify liquidity across 4+ virtual machines. The protocol recently surpassed $1.2M in daily volume on Solana via PythNetwork relays.

What this means:
- Bullish: Multi-VM support could attract bluechip DeFi apps seeking cross-chain users.
- Neutral: Front-end volume metrics may lag until aggregation layers sync fully.

3. Protocol-Wide Audits Completion (Q4 2025)

Overview: Nethermind’s audit of Skate’s EVM/SolanaVM codebases is nearing completion, with a second audit planned to enable permissionless liquidity provisioning (Skate Chain).

What this means:
- Bullish: Audit clearance may accelerate institutional participation in Skate’s AVS (already securing $5B in economic trust).
- Risk: Delays could postpone liquidity expansion timelines.

4. Cross-VM Shared Liquidity Pools (2026)

Overview: Phase 2 of Skate’s roadmap introduces stateless apps with single liquidity curves across chains, starting with the Skate AMM. This builds on their Q3 2025 success with Polymarket’s cross-VM deployment.

What this means:
- Bullish: Shared liquidity could reduce slippage by 40-60% for large trades, per internal projections.
- Neutral: Requires mass adoption of Skate’s hub chain to realize full network effects.

Conclusion

Skate’s roadmap prioritizes DeFi infrastructure scalability through cross-VM liquidity and governance decentralization. While technical milestones like audits and DAO launches offer near-term catalysts, long-term success hinges on developer adoption of its stateless app model.

What critical mass of liquidity will Skate need to sustain its multi-chain AMM model?

Deep Dive

1. Sui Network Launch (28 July 2025)

Overview:
Skate AMM launched on Sui Network, adding its third blockchain VM (Ethereum, Solana, Sui). The SUI–USDC pair saw immediate traction, contributing to Skate’s cross-chain liquidity pools. A unified indexing backend is being rolled out to aggregate swap data across all supported chains.

What this means:
This is bullish for SKATE as it broadens use cases for its multi-VM infrastructure, potentially attracting developers building cross-chain dApps. However, front-end volumes may lag until data normalization completes. (Skate Chain)

2. ezSKATE Restaking Goes Live (24 July 2025)

Overview:
Skate partnered with Renzo Protocol and EigenLayer to launch ezSKATE, a liquid restaking vault. Users can stake SKATE tokens to secure Skate’s Actively Validated Services (AVS) while earning rewards, with $5B+ in economic trust already secured.

What this means:
This neutral-to-bullish development enhances SKATE’s utility for institutional participants but depends on sustained AVS adoption. Metrics to watch: TVL growth and restaking yields. (Skate Chain)

3. DAO Buyback Proposal Advances (1 August 2025)

Overview:
Skate DAO’s inaugural governance proposal aims to allocate protocol revenue (from AMM fees and EigenLayer partnerships) toward SKATE buybacks. Revenue streams grew 42% MoM in July, driven by Sui adoption and Pulse Quoting upgrades.

What this means:
This is bullish if approved, as buybacks could reduce circulating supply. However, execution risks exist if revenue growth slows post-launch hype. (Skate Chain)

Conclusion

Skate is doubling down on cross-chain interoperability and token utility, with Sui integration and restaking mechanisms aligning protocol growth with holder incentives. The upcoming DAO vote could tighten tokenomics, but success hinges on sustaining revenue streams.

Will Skate DAO’s governance model effectively balance buybacks with ecosystem reinvestment?

Deep Dive

1. Audit Completion & Liquidity Features (1 August 2025)

Overview: Nethermind Security is finalizing Skate’s first audit, covering SolanaVM and EVM codebases. This paves the way for users to add/remove liquidity post-audit, with a second audit planned.

What this means: This is bullish for SKATE because rigorous audits reduce vulnerabilities, increasing trust in cross-chain swaps. Liquidity provisioning could boost protocol revenue, directly funding planned SKATE buybacks via Skate DAO.

(Skate Chain)

2. SuiNetwork Integration (28 July 2025)

Overview: Skate AMM launched on SuiNetwork, adding SUI–USDC liquidity pools and progressing toward unified cross-VM liquidity.

What this means: This is neutral-to-bullish, as expanding to Sui (third blockchain VM after EVM and Solana) strengthens Skate’s multi-chain positioning. However, front-end volume metrics may lag until backend indexing syncs fully.

(Skate Chain)

3. Pulse Quoting on Solana (24 July 2025)

Overview: Pulse Quoting v0.1 went live on Solana, enabling asynchronous order matching for near-instant settlements.

What this means: This is bullish because faster trade execution (e.g., $500K+ volume in 48 hours) improves user experience, positioning Skate as a competitive liquidity venue for SOL–USDC pairs.

(Skate Chain)

Conclusion

Skate’s codebase updates emphasize security, cross-chain scalability, and faster trade execution—key drivers for its stateless app ecosystem. With audits progressing and liquidity features rolling out, how will DAO governance shape SKATE’s tokenomics post-buyback launches?