Socket community embarks on a quest to explore Base with Bungee

By Socket
Jan 16, 2024, 9:38 AM
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The Socket community is preparing to explore Base with the help of Bungee.​

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Tokenized Equities Hit $8.4B Monthly Volume as Socket Enables Cross-Chain Stock Trading

**Tokenized equities reached $8.4 billion in monthly transfers**, marking a significant milestone for onchain stock trading. **Socket's infrastructure now enables apps to route to tokenized stock venues** across 50+ chains without requiring new integrations. The platform treats the stock market as another liquidity source, accessible through its existing rails. **Global expansion is underway**, starting with Hong Kong, with additional markets planned. Apps built on Socket can now access: - Tokenized stocks from multiple venues - Cross-chain routing across 300+ chains - Integration with platforms like Backpack and Bungee Exchange The [Stock API](https://docs.socket.tech/about/features/stocks#stocks) is already live, allowing developers to integrate stock trading functionality into their applications through a single integration point.

Socket Enables 24/7 Trading of 190+ Tokenized Stocks Across 300+ Chains

Socket Enables 24/7 Trading of 190+ Tokenized Stocks Across 300+ Chains

Socket has launched its Stocks API, allowing **190+ tokenized equities** including Apple and Nvidia to trade around the clock on-chain. **Key features:** - 24/7 trading access beyond traditional market hours - Works across 300+ blockchain networks - Zero new integrations required for existing apps - Tokenized stocks function as a liquidity source within Socket's routing infrastructure The infrastructure transforms traditional equities into accessible on-chain assets, enabling applications built on Socket to route users into tokenized stock venues seamlessly.

Backpack Launches Tokenized Stocks Trading via Socket API Integration

Backpack Launches Tokenized Stocks Trading via Socket API Integration

Backpack has integrated tokenized stocks into the Socket Stocks API, enabling developers to access traditional equity markets onchain through a single integration. **Key Features:** - Earnings calendar tracking for upcoming market events - Access to tokenized versions of traditional stocks - Single API integration for developers - Built on Socket's infrastructure The integration allows apps to offer users exposure to traditional equity markets through blockchain-based tokens, bridging conventional finance with onchain trading infrastructure.

Chain Abstraction Emerges as Key Infrastructure for Web3 Development

Chain abstraction is gaining momentum as a crucial infrastructure component for web3 development. This technology aims to create seamless cross-chain experiences by: - Enabling developers to build applications that work across multiple blockchains without users needing to understand the underlying complexity - Improving scalability and adaptability of decentralized applications - Reducing friction in multi-chain interactions The push comes as Layer-2 solutions multiply, creating increased demand for unified user experiences. Developers are focusing on making blockchain interactions more intuitive and accessible while maintaining the benefits of decentralization. *Key Impact*: This shift could fundamentally change how users interact with blockchain applications, making the technology more accessible to mainstream adoption.

Socket Protocol Updates

Socket Protocol continues to evolve in the cross-chain infrastructure space. The protocol enables seamless multi-chain application development with these key features: - Secure cross-chain message passing - Standardized bridging interface - Gas optimization for cross-chain transactions Builders can now create truly interoperable dApps across multiple blockchains with reduced complexity and enhanced security. Socket's infrastructure handles the heavy lifting of cross-chain communication. *Want to start building?* Check out Socket's documentation for integration guides.

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