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Hop Protocol HOP Price $ 0.0373
Rank: 1570
361 Watchlists
DeFi
HOP Price
General Info
Contracts/Explorers:
Ethereum
Funds and Backers
Wallets
No wallets found yet
Description
Hop is a scalable rollup-to-rollup general token bridge.
Hop Protocol (HOP) Chart
HOP to USD Converter
HOPSeed
Raised
$ 990.00K
Price:
$ 0.06
ROI:
0.62x -37.8%
Platform:
N/A
ATH ROI:
5.22x +421.6%
What is Hop Protocol (HOP)?
The Hop Protocol provides a scalable rollup-to-rollup General Token Bridge using a two-pronged approach:
1. Create a cross-network bridge token that can be quickly and economically moved from rollup to rollup or claimed on layer-1 for its underlying asset.
2. Use Automated Market Makers to swap between each bridge token and its corresponding Canonical Tokens on each rollup in order to dynamically price liquidity and incentivize the rebalancing of liquidity across the network.
The combined approach allows users to quickly and trustlessly swap between layer-2 Canonical Tokens using the specialized bridge token as an intermediary asset.
Hop Protocol Price Today
Hop Protocol's current price is $ 0.0373, it has dropped -2.32% over the past 24 hours.
Hop Protocol's All Time High (ATH) of $ 0.313 was reached on 25 Mar 2023, and is currently -88.1% down.
The current circulating supply of Hop Protocol is 77.22 Million tokens, and the maximum supply of Hop Protocol is 1.00 Billion.
Hop Protocol’s 24 hour trading volume is $ 62.63 Thousands.
Hop Protocol's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 2.88 Million.
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