What is Skate (SKATE)?

Deep Dive

1. Purpose & Value Proposition

Skate addresses blockchain fragmentation by enabling dApps to function natively across incompatible VMs (e.g., EVM, SVM, MoveVM). Instead of requiring developers to deploy on each chain, Skate’s “intent”-based system lets users sign cross-chain actions, which are executed by a network of validators. This eliminates the need for bridges or wrapped assets, streamlining interoperability (Skate Documentation).

2. Technology & Architecture

The protocol uses a hub-and-spoke model:
- Hub Chain: Tracks states across connected blockchains.
- Executor Network: Validators (called “Executors”) fulfill cross-chain user intents in real-time, sourcing liquidity from all integrated chains.
- Skate AVS: Built on EigenLayer, it secures the network using restaked ETH, allowing validators to collateralize their stakes and face slashing for malicious acts (Skate AVS).

3. Ecosystem Fundamentals

Skate’s flagship product, Skate AMM, unifies liquidity pools across chains. For example, its SUI–USDC pair on Sui Network shares liquidity with Solana and EVM chains, enabling near-instant settlements via Pulse Quoting v0.1. The protocol also introduced ezSKATE, a liquid restaking vault that lets users earn rewards while securing the network (Skate AMM Launch).

Conclusion

Skate aims to dissolve blockchain silos by creating a unified ecosystem where applications and liquidity transcend VM boundaries. Its EigenLayer-backed security and intent-centric architecture position it as a contender in cross-chain infrastructure. How will Skate balance decentralization with the scalability demands of a multi-VM network?