Skate Launches AMM with Cross-VM Support, Including Solana and Ethereum

Skate has launched a groundbreaking Automated Market Maker (AMM) protocol designed to support cross-chain interoperability across leading blockchain ecosystems. The new AMM allows users to interact seamlessly between Ethereum (EVM), Solana (SVM), TON Blockchain (TonVM), and other platforms like Sui, Movement, and Eclipse. This move aims to overcome the fragmentation problems inherent in traditional AMMs, where liquidity and pricing are often siloed on individual chains.

Unlike legacy AMMs, which face challenges of fragmented liquidity and poor pricing, Skate AMM introduces a stateless design that supports multi-chain and multi-VM operations. This allows liquidity to flow freely across supported blockchains, ensuring users can access better pricing with reduced slippage. By separating the core AMM logic from asset custody, the protocol keeps users’ assets on their native chains, eliminating bridging risks and providing deeper liquidity.

Security is bolstered through Eigenlayer, Ethereum’s restaking protocol, which ensures the economic trust necessary for secure cross-chain transactions. For liquidity providers, this new system offers enhanced capital efficiency, better fee revenue opportunities, and an improved user experience.

Skate AMM is set to benefit various DeFi ecosystems, including Mantle, Hyperliquid, Berachain, Monad, Arbitrum, Story Protocol, Sonic SVM, SOON, ZKSync, and Aptos, among others. With this launch, Skate is positioning itself as a major player in promoting cross-chain functionality and unified liquidity, which could accelerate adoption and innovation within the DeFi space.