Hop Protocol - Logo

Hop Protocol(HOP)

1.2y ago
2d ago
6 chains

7d price-28.8%

30d price-30.4%

90d price-53.5%

180d price-38.8%

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What is Hop Protocol?

Hop is a scalable rollup-to-rollup general token bridge. Hop was co-founded by Christopher Whinfrey and launched in 2021.

How does Hop Protocol work?

Hop allows users to send tokens from one rollup to another almost immediately without having to wait for the rollup’s challenge period. Liquidity providers deposit funds into Hop AMM pools and receive trading fees from traders (supply-side fees).

Who governs Hop Protocol?

HOP tokenholders own and govern the protocol. They currently take a cut of the total transfer fees paid by users (revenue). Hop’s investors include 1confirmation, Infinite Capital, etc.

Related posts

ExpenseBonders' share of transfer fees$50BondersRevenueHop Protocol's share of transfer fees$50Allows users to transfer assets cross-chainSupply-side feesLiquidity providers' share of transfer fees$50Liquidity providersFeesTransfer fees$100Bridge users
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.