Socket

**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 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 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 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 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.

Socket has recovered 1032 ETH from the incident on 16th Jan and will soon release a recovery and distribution plan for users. The recovery was achieved with help from Seal911, Slowmist, Hexagate, and others.

Socket is taking immediate action to address a recent security incident. They have set up a hotline for affected users and are working with crypto security teams to investigate and contact the attacker. Additional security measures are being implemented. Socket is fully focused on recovery and will provide updates.

Socket warns its community to watch out for fake accounts on X/Twitter that may attempt to phish users. The official Twitter account is @SocketDotTech. Socket advises users to only interact with the official account and refrain from engaging with any other accounts or links.

Socket is now back online after experiencing issues. The affected contract has been paused and the damage has been limited. Bridging on BungeeExchange and most partner frontends has resumed. A post mortem will be released soon.

Socket has partnered with the biggest options platform to bring bridging connectivity and zero fee transfers from every chain.