Hop Protocol is a decentralized infrastructure project designed to solve the problem of slow and expensive asset transfers between different blockchain networks in the Ethereum ecosystem. It functions as a general token bridge, allowing users to send tokens like ETH, USDC, USDT, and DAI almost instantly between the Ethereum mainnet and Layer-2 scaling solutions such as Arbitrum, Optimism, Polygon, and Gnosis Chain. The protocol achieves this through a two-pronged approach: a cross-network bridge that facilitates transfers and an Automated Market Maker (AMM) that swaps tokens at each destination to provide near-instant liquidity. Its mission is to create a more seamless and interconnected multi-chain Ethereum ecosystem.

Founded in

United States