SKATE (Skate) has pumped 13.82% in the last 24 hours

Gate News Bot news, August 6, according to CoinMarketCap data, as of the time of writing, SKATE (Skate) is currently priced at 0.05 USD, with a 24-hour rise of 13.82%, reaching a high of 0.07 USD and a low of 0.04 USD. The current market capitalization is approximately 11.4 million USD, an increase of 1.39 million USD compared to yesterday.

Skate is a platform focused on cross-vm (virtual machine) interactions, allowing users to interact with applications from any VM on their preferred VM. Skate is dedicated to building the future of cross-VM interactions, connecting all VMs, including EVM, TVM, SVM, and more. The platform supports running and using the same applications across all chains, providing a unified interface and experience. Skate is backed by leading institutions in the industry, including Nomad Capital, Symbolic Capital, Mantle ECO Fund, and others.

Important news about SKATE recently:

1️⃣ The first unified liquidity AMM cross-chain is online The Skate platform has launched the industry's first automated market maker (AMM) with unified liquidity, supporting multiple blockchain networks including Solana, Ethereum, Sui, and TON. This innovation offers users a more efficient cross-chain trading experience and is expected to significantly enhance the practicality and market demand for SKATE.

2️⃣ Integrate LayerZero OFT to Enhance Interoperability Skate has successfully integrated StarGate's LayerZero OFT (Omnichain Fungible Token) technology, significantly enhancing interoperability across applications and blockchains. This initiative will make the Skate ecosystem more open and flexible, bringing users richer cross-chain application scenarios.

3️⃣ Innovative Intent-Driven Architecture Implementation Skate successfully introduced general EVM applications into the Solana and Sui ecosystems through a unique intent-driven architecture. This technological breakthrough not only expands the application scope of Skate but also provides new possibilities for cross-virtual machine interaction, which is expected to attract more developers and users to join the platform.

Skate's recent progress in technological innovation and ecological expansion has provided strong support for its price rise. With the enhancement of cross-chain interoperability and the enrichment of application scenarios, the practicality and market recognition of the SKATE token are expected to further increase.

This message should not be considered as investment advice, and investments should be made with caution regarding market volatility risks.