Range Protocol has unveiled Skate, a new universal application layer that allows apps to operate on multiple chains using a single state. Skate has received support from several major players in web3, including EigenLayer, Polygon, Manta, Axelar, Pendle, A41, and Galxe, with its goal being to streamline web3 functionality and eliminate application fragmentation.

Skate addresses the challenges faced by applications in the current multi-chain environment by providing a Universal Application Scope where essential applications can be collectively developed and maintained in a shared pool accessible across all chains. This allows users and developers to seamlessly access thousands of chains through a single application instance.

Skate is unique in its intent-centric approach, enabling applications to function on numerous chains and technology stacks simultaneously through one interface. By incorporating interoperability within the application logic, Skate ensures that all applications are created with interoperability as a foundational component, simplifying the development process and enhancing the user experience.

In order to facilitate fast cross-chain settlements and reduce complexities for users, Skate is connected to all blockchains through a Fast Finality Network, secured by EigenLayer's actively validated service (AVS). This innovative approach ensures seamless transactions and information flow between chains.

The launch of Skate has garnered support from industry leaders in web3, signaling a move towards a more modular and efficient future for blockchain technology. The Skate team, composed of experienced financial engineers and web3 developers, brings a wealth of knowledge from renowned companies like Altonomy, Point72, Bybit, Certik, and Citigroup.

Range Protocol's $3.75M seed round, led by HashKey Capital and Nomad Capital, has provided the foundation for Skate's development. In the coming months, Skate plans to introduce Testnet Campaigns to engage with the community and offer unique incentives to participants.

Skate's innovative solution to cross-chain compatibility and application fragmentation sets it apart in the evolving landscape of blockchain technology. With its focus on streamlining operations and supporting a modular web3 future, Skate is poised to revolutionize how applications interact across multiple chains.