The Socket interoperability stack consists of the liquidity layer and the data layer. Lets look under the hood to see how each of these layers work and what they enable:
Liquidity Layer 🌊
Socket’s liquidity layer aggregates all asset bridges into a single metabridge to enable efficient asset transfers across chains. It dynamically selects the best bridge/route & optimises for developer preferences like cost, latency or security.
In addition, we’ve integrated DEXs & DEX aggregators into our metabridge to further extend its capabilities & support ultra-efficient cross-chain asset swaps
Our liquidity layer is already audited & is being used by many widely used apps like Zapper & Zerion. Power your applications too with Socket and get started here.
Data Layer 📡
Data movement is the next step in enabling true composability across chains. It allows apps to extend beyond the boundaries chains & build protocols in a chain agnostic way.
With this, a smart contract on chain A can call, or read the state of, any smart contract on chain B. For example, a protocol on Polygon can read Aave’s APY on Arbitrum; or a protocol on Fantom can deposit funds into Aave on Optimism via Socket.
Socket will soon introduce this and open doors to a broad variety of interesting & truly multi chain use cases for the ecosystem!
Socket’s metalayer currently supports cross-chain liquidity transfers and will soon support data transfer.