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Socket

Last updated: Mar 02, 2023

Socket aims to unify the multichain ecosystem by connecting all chains and enabling seamless asset & information transfer b/w them. Powering Truly Multichain Apps protocol.

Seed Round: $5M

Pre Seed Round: $2M

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Overview

Project industry	Blockchain Infrastructure
Product type	Protocol
Founded	India
Whitepaper	Open

What is Socket

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:

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
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