Skate takes an app-centric approach to L2 fragmentation | Laptop News

The proliferation of blockchain networks, both layer-1 and layer-2 rollups, has cast a spotlight on user experience limitations. These challenges are evident for even seasoned crypto-natives who want to move and use assets across chains.

Traditionally, developers deploy applications across multiple blockchain networks, each acting in isolation with its unique state and unable to directly interact with other deployments of the same application on different chains. Such a process is costly, time-consuming and contributes to what is known as “application fragmentation.”

The problem, as identified by the founders of Skatechain, is rooted in “redundant development efforts, liquidity fragmentation and toxic liquidity flow.” This fragmentation hinders the seamless operation and interaction of decentralized applications (dapps) across various blockchains, resulting in inefficient operations, increased development costs and poor user experience.

Read more: The decline of crypto market liquidity: causes and potential for recovery

Skate, previously known as Range Protocol, seeks to establish the first universal application layer for all chains.

Skate proposes a “a hub and spoke model” that “relies upon transactions being matched and executed by users who sign intents, which are executed in real-time by using EigenLayer for faster finality,” according to a blog post published Wednesday. 

The multichain interaction would be done by a competing set of off-chain “executors,” analogous to “solvers” or private market makers in other contexts, with the protocol auctioning off the right to settle the transaction among this diverse set of “systematic entities,” according to Range Protocol’s CEO Siddharth Lalwani.

“The key aim of this is that we are…

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