SKATE
Skate
$0.0₃9083
0.84%
Skate
SKATE
$0.0₃9083
0.84%
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Skate Information
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About Skate
Skate is an application layer that lets users interact from their home chain while applications keep a single global state across multiple VMs (EVM, SolanaVM, TonVM). A hub chain (the Kernel) holds core logic and state; Periphery contracts on connected chains execute local actions. Intents signed by users are fulfilled by a registered network of executors and verified by an Actively Validated Service built on EigenLayer. The design enables “stateless” apps such as an AMM targeting one price and shared liquidity across chains. SKATE is the native token of the network. Its roles include governance over protocol parameters and roadmap, economic incentives for reliable execution and participation (including rewards and penalties) and programmes that support ecosystem growth and application adoption. Skate was co-founded by Siddharth Lalwani (CEO) and Tony Sun (COO), who previously founded Range Protocol, from which Skate evolved.
Skate is an application layer that connects multiple virtual machines (for example, EVM, SolanaVM and TonVM) so users can interact from their home chain while applications share a single global state. A hub chain (the Kernel) holds state and core logic, while Periphery contracts on connected chains perform local actions. Execution is carried out by a registered network of executors and attested by an Actively Validated Service (AVS) built on EigenLayer. Users submit intents on their preferred chain; executors fulfil them across chains, and the AVS verifies the results before they take effect. The stack enables “stateless” apps such as an AMM that aims to maintain one price and shared liquidity across chains.
SKATE is the native token of the Skate network. Its stated roles include:
- Governance over protocol parameters and roadmap
- Economic incentives tied to execution and network participation (for example, rewarding reliable executors and enforcing penalties)
- Programmes that support ecosystem growth and application adoption
The token and project were co-founded by Siddharth Lalwani (Co-founder & CEO) and Tony Sun (Co-founder & COO). Both previously founded Range Protocol, from which Skate evolved.
- Siddharth Lalwani: background in finance and blockchain; experience includes roles at Altonomy, Point72 and Bybit.
- Tony Sun: background in trading and institutional crypto; experience includes Head of Spot Trading at Blockchain.com and Head of Institutional Sales at Altonomy.
