Range Protocol has launched Skate, a universal application scope that lets users access decentralised apps across multiple chains.
Range Protocol, a platform focused on unified liquidity provisioning, has announced the launch of Skate, a universal application layer aimed at addressing challenges associated with application fragmentation in the multi-chain Web3 landscape.
Traditionally, applications on blockchains require independent development and maintenance for each. Skate proposes a central repository where core applications are built and maintained collectively, and the shared pool would be accessible across all chains regardless of their underlying technology.
This simplifies the process for both developers and users; by interacting with a single application instance, users can gain access to decentralised applications (dApps) facilitating digital assets such as non-fungible tokens (NFTs) across thousands of chains. Developers benefit from streamlined development and maintenance, focusing efforts on a single codebase that serves all chains.
Siddharth Lalwani, Co-Founder and CEO of Range Protocol, says, “The rise of modularity powered innovations such as improved throughput and reduced transaction costs. However, it also came with its own set of challenges, most notably, application fragmentation. Skate introduces the concept of the Universal Application Layer, where essential applications are developed collectively, and maintained in a shared pool accessible to all chains.”
The team behind Skate highlights the embedding of interoperability within the application logic as one of its many novel features, streamlining the development process and requirement of bridging assets. This fosters a more seamless user experience with effortless cross-chain interaction.
Skate also leverages the Fast Finality Network, secured by EigenLayer’s actively validated service, to send state attestations with sufficient trust minimised state transitions.
The launch of Skate is backed by prominent players in the Web3 space, including Polygon, Manta, and Axelar. The team behind Skate draws on experience from Range Protocol, as well as companies like Altonomy and Citigroup.
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