How Skate is Connecting the altVM Future
Today, we stand at the dawn of the altVM era. Virtual Machines like the SVM and MoveVM are taking market share away from the EVM, offering faster performance, innovative architectures, and improved security.
That’s not to say that the EVM is fading. The EVM remains the cornerstone of blockchain applications, with the deepest liquidity and the most mature ecosystem — a position it will likely hold for some time.
We believe the future is one where both EVM and altVM ecosystems can thrive together — not in competition, but in collaboration.
But the multi-VM future comes with a cost — greater fragmentation for users, apps, developers, and liquidity. Each new VM brings its own set of tools, wallets, explorers, and architectures, creating onboarding issues and increasingly complex cross-chain experiences.
The answer isn’t more bridges. We need new interoperability solutions designed to connect the fragmented altVM future.
That’s where Skate comes in.
Skate’s Two Phased Approach to Connecting all VMs
Skate introduces the new concept of app level interoperability across all VMs. By eliminating the need for bridging, Skate enables users to access apps from other chains and VMs while staying on their favorite chains with familiar wallets.
At the same time, developers gain the ability to scale applications across all VMs without sacrificing usability or liquidity.
By unifying the strengths of each VM, we can create a seamless, interconnected ecosystem where chains, apps, and users are no longer fragmented but empowered to scale collectively.
Skate is adopting a two-phased approach to bring this vision to life.
- In Phase 1, we want to enable users across all altVMs to seamlessly access bluechip EVM Apps.
- In Phase 2, we introduce Stateless apps that exist on every chain and VM simultaneously, with shared liquidity and userbase.
At its core, Skate isn’t just about connecting VMs — it’s about building a future where blockchain thrives as a single, cohesive system.
Phase 1: Enabling EVM Bluechips to AltVMs
In Phase 1, Skate focuses on bridging the gap between the established EVM app ecosystem and altVM chains like Solana, Eclipse, Movement, SOON, TON and more.
Users on altVM chains do not have access to the mature app ecosystem of the EVM, and if they want to, they need to navigate through clunky cross-chain interfaces. Developers of EVM apps wanting to move to altVMs need to completely rewrite their apps in new languages.
Skate eliminates these barrier and enables users on altVMs to natively interact with bluechip EVM applications — without bridging or using new wallets — we’re making cross-VM experiences intuitive and effortless.
The goal is to accelerate the distribution of established EVM dApps across untapped ecosystem opportunities, harnessing and amplifying existing network effects for maximum impact.
We’ve already demonstrated this with Polymarket, the top prediction market platform that currently only exists on Polygon (EVM). Powered by Skate, Polymarket is now live on Eclipse (SVM) and TON (TonVM), delivering over $6M in trading volume across our altVM deployments in a 2 short months (with the bulk coming over the past 2 weeks).
And this is just the beginning.
We are currently working on enable access to many more bluechip EVM apps for altVM users.
Phase 2: Stateless Apps for a Unified Blockchain Future
Building on Phase 1, Skate’s Phase 2 introduces a revolutionary concept: Stateless Apps.
Stateless Apps maintain a single, unified state across all blockchains and VMs, eliminating the need for separate deployments. Instead of siloed instances on each chain, a Stateless App exists on every chain and VM simultaneously, with shared liquidity and userbase.
This is a major paradigm shift away from the current model where every new chain forks the same building blocks (AMMs, Lending Markets etc.).
At the heart of this vision is Skate’s upcoming flagship Stateless AMM (Automated Market Maker).
Phase 2: Skate AMM — Single Liquidity Curve Across all VMs
This AMM features a shared liquidity pool that spans all chains and VMs, accessible to users from any chain natively. It continuously rebalances liquidity across chains, addressing critical challenges like Loss Versus Rebalancing (LVR) and adverse selection, while ensuring liquidity providers maximize their returns.
But the Stateless AMM is just the beginning. There are many great teams developing innovative use cases with this stateless architecture. Right from day one, an app can go live on SVM, EVM, MoveVM and TON leveraging their user bases and distribution channels.
By fostering an ecosystem of Stateless Apps, we’re creating a truly interoperable blockchain environment — one where fragmentation is a thing of the past, and applications thrive across all chains and VMs.
The Future with Skate
Skate isn’t just an interoperability solution. We are building infrastructure that will be critical for the altVM future. By solving the challenges of fragmentation and cross-chain complexity, we’re unlocking new possibilities for developers, users, and the entire blockchain ecosystem.
Join us as we redefine interoperability. Together, we’ll take applications to altVMs and beyond.
