Scalable cross-rollup token bridge with automated liquidity management.
The Hop Protocol enables scalable cross-rollup token transfers using bridge tokens and AMMs for dynamic liquidity pricing and rebalancing across networks.
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What is Hop Protocol (HOP)?
The Hop Protocol offers a scalable rollup-to-rollup General Token Bridge through a dual strategy: First, it creates a cross-network bridge token that can be transferred quickly and cost-effectively between rollups or claimed on layer-1 for its underlying asset. Second, it employs Automated Market Makers to swap between each bridge token and its corresponding Canonical Token on each rollup, enabling dynamic liquidity pricing and encouraging liquidity rebalancing across the network. This combined approach allows users to efficiently and securely exchange Canonical Tokens across different layer-2 solutions, using the bridge token as an intermediary asset.
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Hop Protocol price live information
As of now, Hop Protocol is trading at 0.006934 USD, with a 24-hour trading volume of approximately 0 USD. The HOP to USD price is updated in real time. Over the past 24 hours, Hop Protocol has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 444.53K USD. Currently, there are 64 107 570 HOP in circulation out of a maximum supply of 1 000 000 000 HOP.
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