SOCKET: Uniting $200M TVL,$15B in transactions, 400+ partners
$15B+ in transactions. 14M+ cross-chain actions. $200M+ TVL.
Trusted by 400+ partners like MetaMask, Coinbase Wallet, and OpenSea.
@SOCKETProtocol is the first ever chain abstraction protocol that enables seamless cross-chain operations using it.
Here’s how with MOFA, blockchain fragmentation is a thing of the past 🧵👇
Key Highlights
Chain-Abstracted Composability: SOCKET allows developers to call any function on any contract across multiple chains using plain Solidity, eliminating the need for cross-chain messaging and enhancing developer experience.
Pre-Execution Logic: Developers can add pre-execution logic in user flows, enabling features like auctions, intent-based actions, and more, before on-chain execution takes place.
Massive Adoption: With over $15B in transaction volume, 14M transactions, and $200M in TVL, SOCKET has powered major platforms like MetaMask, Coinbase Wallet, and OpenSea, making it a driving force in the blockchain ecosystem.
Partnerships & Funding: SOCKET has secured strategic investments, including a rare lead from Coinbase Ventures, and has partnered with major players like NEAR, Kinto, and bloXroute to streamline app development and enhance user experiences.
Solving Fragmentation with MOFA
Ethereum’s modular roadmap has achieved cheaper rollups, better data availability, and L3s on L2s, paving the way for thousands of specialized chains. But fragmentation is still a massive issue. Managing wallets, tokens, and assets across chains is frustrating and only worsens as more chains go live. To rival the seamless experience of platforms like Solana, the modular ecosystem needs chain abstraction—not just connected chains.
Chain abstraction simplifies the user experience by hiding complexities like gas fees and RPCs. Users interact with apps directly, whether they’re minting NFTs or making deposits, without dealing with the details of the underlying infrastructure.
MOFA (Modular Order Flow Auction) addresses this fragmentation by creating a marketplace where Transmitters (such as sequencers, validators, and solvers) compete to execute user intents.
It eliminates the need for new chains or validators, streamlining execution while maintaining modular design's flexibility and scalability.
MOFA also brings speed, security, and ease to the ecosystem, moving us closer to a frictionless blockchain future.
What is SOCKET?
This is where SOCKET, the first-ever chain abstraction protocol, comes in. SOCKET is quietly powering the tools and protocols you already use: Metamask, Coinbase, Opensea, Kinto, and 400+ others.
The protocol leverages MOFA to allow developers to compose with any app, user, and asset across chains.
SOCKET aims to combine offchain agents (watchers, transmitters) and onchain contracts (switchboards) to let developers build fully chain-abstracted applications.
Key Features of the protocol include:
Chain-Abstracted Composability
Developers can call any function on any contract across chains using plain Solidity, eliminating the need for cross-chain messaging and improving developer experience.Pre-Execution
SOCKET enables pre-execution logic in user flows, unlocking powerful features like auctions, intents, and more.
Since 2022, SOCKET has been driving impressive adoption with over $15B in transaction volume, 14M transactions, and $200M in secured TVL.
Architecture
SOCKET isn’t a blockchain or rollup but uses a hybrid architecture of off-chain agents and on-chain contracts . Developers can build custom app gateways for pre-execution logic and deploy on-chain app contracts for blockchain operations.
MOFA optimizes price, latency, and execution, with third parties fulfilling requests on-chain to enhance chain abstraction.
SOCKET allows developers to manage on-chain components while adding off-chain logic for tasks like user assistance, smart contract composition, and pre-execution actions like auctions or security checks.
Its modular design adapts to diverse application needs.
So how does it work?
A user submits an offchain message to a watcher hosting the app gateway.
The watcher processes the request, generates a proof, and passes it to a transmitter.
The transmitter relays the proof and user message onchain to SOCKET, which sends them to the app-defined switchboard for validation.
Based on the switchboard’s response, the onchain app contract executes.
Scaling SOCKET across networks is simple: deploy contracts to the target chain and configure the watcher to interact with it.
This enables seamless multichain communication for your app.
Team
SOCKET’s core team brings together some of the sharpest minds in crypto and tech. VC, a cofounder, was the first developer and Protocol Head at Polygon Labs, playing a key role in building the first zk rollup and creating Hubble, the most scalable optimistic rollup at EF.
RK, another cofounder, has led strategy at India’s first unicorn and helped scale giants like Amazon, Uber, and Netflix by driving massive user growth.
Lito, a DeFi veteran and early xchain pioneer, spearheaded growth at Hop during its bridging days, founded Crypto Testers, and now leads growth efforts at SOCKET.
Partnerships & Funding
SOCKET has already rolled out game-changing innovations and secured massive partnerships:
NEAR Partnership: Together, they created the Chain Abstraction Framework to simplify app building by hiding on-chain complexities.
https://x.com/SOCKETProtocol/status/1854556829176807878
MAGIC Accounts: Unified global balances for users, spendable across chains instantly.
Kinto’s Musubi: A SOCKET-powered, chainless swap app enabling seamless asset swaps across Ethereum chains without gas fees or bridging.
https://x.com/ramonrecuero/status/1841472513618190787
PRISM: Natural language AI integration to simplify DeFi interactions.
bloXroute: Optimized cross-chain order flow management for seamless DeFi operations.
The team is also behind Bungee Protocol, one of the most widely used protocols in crypto, enabling seamless multichain actions.
SOCKET has integrated into many of the apps people use daily. Popular wallets like MetaMask and Coinbase Wallet rely on SOCKET for their swapping features, meaning users are engaging with SOCKET whenever they make swaps on these platforms.
It’s also being used by app-chains like Derive, Aevo, and Kinto, as well as apps such as Polymarket and Opensea.
SOCKET recently raised $12M from some big names. Framework, who raised $100M for Berachain last year, is leading the investment.
On top of that, Coinbase also led a strategic investment in SOCKET which is rare to see as Coinbase Ventures doesn’t usually lead rounds.
Conclusion
Chain abstraction is the key to breaking down the barriers created by blockchain fragmentation.
With SOCKET, apps and chains can operate without constraints, delivering a seamless experience for users—no technical hurdles, just straightforward usability.
The goal is clear: bring the simplicity of web2 to the power of web3.