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Socket is an interoperability protocol for secure & efficient data and asset transfers across chains. Socket is not a bridge, or a cross chain app — it is an infrastructure that allows developers to build these things easily. Developers can use Socket to build apps with interoperability as a core part of app infrastructure.
Socket is a direct competitor to LayerZero. I believe that it is good to try out platform that support Socket layer. Furthermore, there is a chance that LayerZero will do an airdrop of their native token, which they have already confirmed (ZRO).
Lets look at some of the backers for Socket Tech
Since launching Socket Liquidity Layer, they’ve processed $2B+ in volume, 1.8M+ transactions for 200K+ wallets.
We will show some of the dapps and crypto wallet that support Socket layer and may try out for potential airdrop in the future.
ZERION BRIDGE
Zerion is a smart web3 wallet and investing tool that enables anyone with a mobile phone to manage their DeFi and NFT portfolios.
Recently they launched Zerion Bridge for both mobile application and web application with support of Socket layer.
Bridge Link: https://app.zerion.io/bridge
2. BUNGEE FINANCE
Bungee is a bridge aggregator built on the SocketLL by the Socket team. Bungee shows users all the routes to seamlessly move Token A on Chain X to Token B on Chain Y and helps them choose the best possible route to bridge. It also considers any token swaps that may be needed while bridging.
Bridge Link: https://www.bungee.exchange/
3. ZAPPER BRIDGE
Zapper is a social web3 explorer which allows users to follow the blockchain journey of other people in NFTs, DeFi and DAOs. While keeping track of their own, all in one place. Our mission is to bring the blockchain to the people.
Zapper Finance support Token bridge and Swap
Bridge Link: https://zapper.xyz/bridge
4. PLASMA FINANCE
Plasma.Finance is a professional DeFi dashboard that aggregates the most popular DeFi protocols and blockchains in one dApp. Plasma.Finance creates an all-in-one solution that is useful for experienced users and novices alike.
Plasma Finance bridge is powered by Socket Layer.
Bridge Link: https://apy.plasma.finance/#/bridge
5. SYNTHETIX PROTOCOL
Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum).
Synthetix is powered by Socket Socket to enable a seamless onboarding experience for users w/o leaving their apps.
Platform Link: https://staking.synthetix.io/bridge/
6. SWAPR BRIDGE
Swapr is the first automated market maker (AMM) to allow for adjustable swap fees through governance and has been organically developed within the DXdao community.
Swapr is powered by Socket Socket to enable a seamless onboarding experience for users w/o leaving their apps
Platform Link: https://swapr.eth.limo/#/bridge?chainId=1
7. POLYNOMIAL FINANCE
Polynomial trade is a decentralised derivative trading exchange powered by the Synthetix protocol on Optimism.
Polynomial uses Socket for chain agnostic deposits, which allow users to deposit directly into their vaults from any chain in one transaction
Platform Link: https://trade.polynomial.fi/
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One Key, Ambire Wallet, Sequence Wallet, Orange Wallet & others use Socket to allow users to bridge within wallet!
There are many more to learn about Socket Protocol, so it is good to read their official documentation: https://docs.socket.tech/socket-overview/what-is-socket
We will update more and more Defi and Bridge protocol that support Socket in the near future.
That’s all for today!
There are many more to come. Stay Tuned! Follow Medium for more airdrops
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