SKATE (Skate) up 21.04% in 24 hours

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, SKATE (Skate) is trading at $0.01, up 21.04% in the past 24 hours, with a 24-hour high of $0.03 and a low of $0.01. The 24-hour trading volume reached $2.42 million. The current market cap is approximately $2.92 million, up $0.5083 million from yesterday.

Skate is a cross-virtual machine interaction protocol that allows users to interact with applications from any virtual machine while staying on their preferred VM. The protocol supports multiple VMs including EVM, TVM, SVM, and provides the capability for single applications to run cross-chain. Skate has integrated with 28 major public chains such as Ethereum, Solana, Aptos, Base, BNB Chain, and Arbitrum, and has cooperated with 55 ecosystem projects including GMX, Pendle, and Polymarket, processing over 22.5 million transactions. The project has received investment from top institutions such as Nomad Capital, Symbolic Capital, and Mantle ECO Fund. It is committed to solving multi-chain fragmentation and providing developers with rapid integration solutions within minutes.

Recent major news for SKATE:

1️⃣ Core Innovation: First Unified AMM Liquidity Model Skate has launched the industry’s first cross-chain AMM product, achieving unified liquidity aggregation for major chains such as Solana, Ethereum, Sui, TON, and others. This innovative design eliminates the pain point of liquidity fragmentation in traditional multi-chain applications, providing better trading depth and slippage experience for ecosystem users, and strongly supporting the platform’s long-term competitiveness.

2️⃣ EVM Application Cross-Chain Expansion to Solana and Sui Ecosystems Through an intent-based innovative architecture, Skate has successfully extended the cross-chain capabilities of native EVM applications to non-EVM ecosystems such as Solana and Sui. This technological breakthrough greatly reduces multi-chain deployment costs for developers, promotes horizontal expansion of the application ecosystem, and further consolidates Skate’s position as a universal application layer.

3️⃣ Continued Expansion in Ecosystem Depth and Scale With integrations with 28 major public chains and partnerships with 55 ecosystem projects steadily progressing, Skate has processed over 22.5 million transactions in total, demonstrating strong market recognition and network activity. This expansion in ecosystem scale provides a solid fundamental backing for the token’s value.

This information does not constitute investment advice. Please be aware of market volatility risks when investing.