Hop Protocol

Hop Protocol is a scalable token bridge protocol on Ethereum Layer 2, which uses a special intermediary asset called hToken to quickly transfer funds from one network to another. These hTokens are automatically exchanged for their corresponding assets via the Hop protocol interface, resulting in a fairly seamless experience for transferring assets between networks.

Currently, Hop supports sending ETH, USDC, USDT, and MATIC across mainnet, Polygon, xDai, Optimisim, and Arbitrum networks. Hop also plans to add more assets in the future, including ETH, WBTC, and DAI, making it a universal cross-chain solution to the increasingly decentralized layer 2.

When Layer 2 gradually enters the practical stage and the cross-chain demand for Layer 1 tokens increases day by day, the value of Hop will gradually emerge.

Hop Protocol has a lot of room for imagination in the future. Now to transfer assets to the second-layer network of Ethereum, you need to transfer assets to Layer 1 first, and then transfer assets from Layer 1 to Layer 2 through a bridge. The appearance of Hop makes token transfer become It is very simple. Not only can it transfer directly from the side chain to the second-tier network, but also withdraw cash from the second-tier network to the side chain, and then recharge from the side chain to the exchange, which can avoid the seven-day time limit of the second-tier network. Come on, it's a big innovation.