/
/
Hop Protocol
Hop Protocol

Hop Protocol

Cross Chain

Hop Protocol Review

Hop Protocol, launched in 2021, makes token transfers across Ethereum's layer-2 networks smooth and quick. To speed up the process, it uses liquidity providers, known as Bonders, who temporarily front liquidity on destination chains. This setup not only enables faster transfers but also allows bonders to earn fees, creating a decentralized and incentivized ecosystem. Managed by the Hop DAO, the protocol’s governance includes a well-funded treasury that holds 60.5% of the HOP token supply, ensuring stability and growth. Additional support comes from early investors, with 6.25% of tokens allocated to back its development. The Hop Protocol ecosystem is continually evolving with new features like cross-chain messaging and NFT bridging, broadening its interoperability and enhancing the user experience.

TVL
$42 010 979
Blockchain
N/A
Promo bonus
No bonus for now

Hop Protocol offers

Est. APY
6.27%
Status
Available
Term
Flexible
TVL$323 601
Blockchain
Optimism
Optimism
Est. APY
10.59%
Status
Available
Term
Flexible
TVL$133 186
Blockchain
Optimism
Optimism
Est. APY
8.15%
Status
Available
Term
Flexible
TVL$144 804
Blockchain
Polygon
Polygon
Est. APY
5.84%
Status
Available
Term
Flexible
TVL$56 286
Blockchain
Arbitrum
Arbitrum
Est. APY
7.69%
Status
Available
Term
Flexible
TVL$449 432
Blockchain
Gnosis
Gnosis
Est. APY
7.63%
Status
Available
Term
Flexible
TVL$414 488
Blockchain
Polygon
Polygon
Est. APY
7.63%
Status
Available
Term
Flexible
TVL$267 853
Blockchain
Polygon
Polygon
Est. APY
4.46%
Status
Available
Term
Flexible
TVL$3 229 916
Blockchain
Optimism
Optimism
Est. APY
5.78%
Status
Available
Term
Flexible
TVL$2 205 697
Blockchain
Base
Base
Est. APY
4.05%
Status
Available
Term
Flexible
TVL$4 622 494
Blockchain
Arbitrum
Arbitrum
Est. APY
4.43%
Status
Available
Term
Flexible
TVL$1 430 352
Blockchain
Polygon
Polygon
Est. APY
8.25%
Status
Available
Term
Flexible
TVL$339 389
Blockchain
Arbitrum
Arbitrum
Est. APY
7.82%
Status
Available
Term
Flexible
TVL$275 823
Blockchain
Arbitrum
Arbitrum
Est. APY
6.66%
Status
Available
Term
Flexible
TVL$328 053
Blockchain
Gnosis
Gnosis
Est. APY
23.11%
Status
Available
Term
Flexible
TVL$29 113
Blockchain
Gnosis
Gnosis
Est. APY
7.9%
Status
Available
Term
Flexible
TVL$134 270
Blockchain
Optimism
Optimism
Est. APY
3.77%
Status
Available
Term
Flexible
TVL$276 394
Blockchain
Arbitrum
Arbitrum
Est. APY
6.04%
Status
Available
Term
Flexible
TVL$264 936
Blockchain
Linea
Linea
Est. APY
3.93%
Status
Available
Term
Flexible
TVL$440 951
Blockchain
Polygon zkEVM
Polygon zkEVM

Crypto earn alerts on Hop Protocol

Criffy provides an ideal way to stay on top of earning programs across protocols and dApps. For Hop Protocol, you can easily track new earning opportunities, monitor APY changes for specific offers, and receive notifications when you can start earning interest on a particular cryptocurrency. Setting up an alert helps you stay informed about the best earning opportunities on Hop Protocol.

Earning crypto on Hop Protocol

Protocols and dApps offer various options to earn crypto, like lending or participating in liquidity pools. With Criffy, you can easily track five different earning options from Hop Protocol. Check the table above for all the details.

Current TVL of the Hop Protocol protocol

The Hop Protocol protocol's Total Value Locked (TVL) is currently $42 010 979. TVL is a helpful metric in DeFi, showing the total assets users have deposited into a protocol’s smart contracts. It gives a snapshot of liquidity and the level of trust from the community, helping to show how much value a platform like Hop Protocol is holding.

Hop Protocol protocol type

Hop Protocol is a cross-chain solution that helps connect separate blockchain networks smoothly. By linking these networks, Hop Protocol allows assets and data to move easily between blockchains, expanding what users can do in DeFi. Hop Protocol aims to make these interactions dependable and seamless, opening up easier and more versatile ways for users to engage with blockchain networks.

Protocols similar to Hop Protocol

Check out other crypto protocols in the same category

Our website provides aggregated financial content and news for informational purposes only. We’re not a substitute for professional advice or independent verification. Always seek independent financial advice or do your own research before relying on any information here for investment decisions. Criffy does not solicit, recommend, endorse, or offer any securities or financial instruments. We may earn commissions from some links, but this does not affect our reviews and comparisons. We strive to keep everything fair and balanced to help you make informed decisions.