Socket

The anticipated **Ethereum Pectra upgrade** has officially gone live, marking a significant milestone for the network's scaling capabilities. The upgrade aims to enhance mainnet scalability and represents the next phase in Ethereum's evolutionary roadmap. - Successfully activated on May 7th, 2025 - Focuses on scaling improvements - SOCKET protocol confirms support for the upgrade *This development paves the way for improved network performance and enhanced capabilities in the Ethereum ecosystem.*

Socket Protocol wrapped up their participation at Token2049, highlighting their focus on addressing blockchain fragmentation through chain abstraction solutions. The protocol, which recently joined the aggregated community on Agglayer, continues to advance their mission of creating seamless cross-chain applications. Key developments: - Successful networking with like-minded builders - Focus on solving chain fragmentation issues - Partnership with Agglayer for enhanced chain abstraction Their goal remains consistent: enabling applications to function smoothly across multiple blockchains without complexity.

SOCKET Protocol co-founder Vaibhav Chellani participated in a panel discussion at the Web3 Founders Exchange, hosted by Google Cloud. The event featured key insights on: - Practical applications of blockchain technology - Implementation of chain abstraction in real-world scenarios - Collaborative discussions with Google Cloud team and Avail Project The panel explored how chain abstraction technology can enhance blockchain functionality and improve user experience across multiple chains.

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.