Introducing Aevo Bridge - powered by Socket

TL;DR: Today, Aevo introduces native bridging powered by Socket to enable zero-cost transfers from Arbitrum & Optimism. Aevo is the first OP-Stack rollup to open gates for users beyond Ethereum by allowing them to bridge USDC from Arbitrum & Optimism.

For the first time, app rollups with Socket have the ability to extend beyond Ethereum and access limitless liquidity available across chains.

App-rollups by nature, are only connected with Ethereum. There is no native way to onboard users & liquidity of other chains like Arbitrum/Optimism etc. This is actually the opposite of what’s needed for the rollup-centric roadmap.

Most users today are already on L2s & majorly move between them without ever touching the expensive Ethereum. With the majority of trading volumes on L2s today, app rollups that are isolated and inaccessible to L2 users are at a massive disadvantage.

L2s together have surpassed Ethereum in terms of transaction activity. Source: L2Beat
L2s together have surpassed Ethereum in terms of transaction activity. Source: L2Beat

A naive alternative for app rollups to expand their connectivity is partnering with 3rd party bridges or liquidity networks. These liquidity pools help facilitate the flow of liquidity for users but come with tons of issues...

  • High bridging fee: Liquidity means cost to users

  • Liquidity bootstrapping: Classic problem of emissions & incentives

  • Unscalable: Millions L2s & liquidity pools just limit liquidity on each L2

  • Incentivizing bridge team/DAOs: Getting deployments prioritized for your app is hard

Without access to liquidity from other chains, app rollups struggle to onboard users and their adoption is massively stifled.

Let’s change this!

Today, we’re introducing a new way for app rollups to enable seamless liquidity transfers from any L2 with no liquidity bootstrapping. For the first time ever, app rollups can allow users to onboard from any chain with 0 bridging fees by leveraging Socket!

We’re excited to unveil the first of these unique onboarding experiences with Aevo, DeFi’s largest options exchange built as an appchain on OP-stack.

By connecting to Socket, Aevo taps into the majority of L2 liquidity flows by enabling deposits and withdrawals open from Arbitrum & Optimism. This allows Aevo Chain to retain all the benefits of security & scalability of a rollup while ensuring a seamless bridging experience and no wrapped bridge assets!

Experience Aevo from major L2s

Deposit and start trading on Aevo from Arbitrum and Optimism
Deposit and start trading on Aevo from Arbitrum and Optimism

You can now enjoy a CEX-like experience while interacting with Aevo with 0 bridging fee or slippage for any transfer!

  • Go to app.aevo.xyz

  • Select the chain you want to deposit from

  • Your funds are deposited into Aevo Exchange in minutes

  • Start trading

Millions of App Rollups

With Socket, any app rollup with a single connection can access all of L2 liquidity!
With Socket, any app rollup with a single connection can access all of L2 liquidity!

Despite its benefits, app rollups so far have always come with a trade-off of connectivity & composability with other chains making them almost an unattractive option for most apps.

We’ve now flipped this such that app rollups can launch with native connectivity to any chain, unlocking benefits similar to IBC for Cosmos-based chains.

We’re working towards the next wave of adoption where apps can directly launch their own L2/chains unlocking massive benefits for protocol users & token holders.

If you’re building an L2 for your app or thinking about it, hit us up on Discord!

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