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What can you do with Hop Protocol?
Store/Hold Hop Protocol
Many users hold on to their Hop Protocol with the expectation of it increasing in value. You can store your HOP safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Hop Protocol
You can trade Hop Protocol for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Hop Protocol trading to meet your needs.
Send Hop Protocol
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Hop Protocol online and send to anyone and anywhere with their Hop Protocol address.
Spend Hop Protocol
You can also buy goods and services with your Hop Protocol. More and more vendors and retailers accept Hop Protocol every day.
Donate Hop Protocol
Bitget Charity accepts Hop Protocol donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Hop Protocol so no one misses out on the growth made possible by blockchain.
Learn More About Hop Protocol
You can read more in-depth articles on Hop Protocol from Bitget Research and study how cryptocurrencies like Hop Protocol work on Bitget Academy
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What is Hop Protocol (HOP)?
Hop Protocol is a special platform where assets can be moved directly from rollup to rollup and between rollup and layer 1, providing cost savings and enabling cross-rollup composability of applications while solving the problem of resource-intensive rollup and layer 1 bridging.
How Hop Protocol (HOP) Works
Hop Protocol lets users move tokens quickly and cheaply from one rollup to another or claim them on layer-1 by creating a cross-network bridge token that represents the underlying asset. Special automated market makers known as Bonders are then used to swap between the bridge token and the corresponding Canonical Token on each rollup. The Bonders even front liquidity for users on the destination chain, helping liquidity automatically readjust and rebalance liquidity across the network. It’s also worth noting that users can receive their funds even if Bonders are offline. To make sure the transactions are correct, Bonders run local nodes to verify state transitions on the source chain and have to lock an amount equivalent to 110% of the transfer sum as collateral for 24 hours.
How Many Hop Protocol (HOP) Tokens Are in Circulation?
HOP has 1,000,000,000 tokens in total supply and 64,107,570 of them are in circulation.
How to Buy Hop Protocol (HOP)
Consider investing in Hop Protocol (HOP)? It only takes 2 minutes to create an account on Bitget and start trading HOP.
Check out the available HOP trading pairs on Bitget!
Spot market
Hop Protocol (HOP) Resources
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