The Skate application layer, created by Range Protocol, is a groundbreaking platform that allows apps to run on multiple chains with a single state. It aims to solve the issue of fragmentation by acting as a central hub for code deployment across all chains. Supported by major players in the web3 industry, Skate is set to launch its mainnet within the year.

Skate introduces the concept of a Universal Application Scope, where essential applications are collectively developed and maintained for all chains. This allows users and developers to access thousands of chains instantly through a single application instance. The CEO of Range Protocol, Siddharth Lalwani, highlighted the importance of this Universal Application Layer in addressing the challenges of modularity in the web3 space.

Skate stands out as the only intent-centric application layer that enables applications to operate across different chains simultaneously. By embedding interoperability directly into the application logic, Skate streamlines the development process and enhances the user experience. It connects to blockchains through a Fast Finality Network, ensuring instant cross-chain settlements with minimal complexity for users.

The launch of Skate has received backing from reputable web3 pioneers, solidifying its position in the industry. The team behind Skate has a wealth of experience from companies like Altonomy and Citigroup, ensuring the platform's success. With upcoming testnet campaigns, Skate aims to engage the community and offer unique incentives to users. Range Protocol, along with Skate, continues to revolutionize the DeFi asset classes and trading infrastructure in the web3 landscape.