Socket

Thing ∙ ID: 532

Socket is an interoperability protocol for secure & efficient data and asset transfers across chains. Socket is not a bridge, or a cross chain app - it is an infrastructure that allows developers to build these things easily. Developers can use Socket to build apps with interoperability as a core part of app infrastructure. Socket’s interoperability stack comprises two key components : 1. Socket Liquidity Layer (SocketLL): SocketLL enables efficient asset transfer across chains. It unifies liquidity across bridges & DEXs, and routes funds via them based on user preferences like fees, speed or security. 2. Socket Data Layer (SocketDL): SocketDL enables secure data transfer across chains. It unifies chains by connecting all smart contracts on all chains, allowing them to perform read & write operations on each other. Data transfer via SocketDL will be rolled out soon.