Socket

**Polynomial** has launched on Layer3, marking another expansion for SOCKET-powered trading platforms. **Key Details:** - Polynomial offers derivatives trading with fast, efficient execution - Platform provides unified trading experience across chains - Integration follows recent Derive launch on Layer3 **What This Means:** SOCKET continues building its ecosystem of multi-chain trading platforms. Polynomial joins Derive as the second major derivatives platform to integrate with Layer3 this month. Users can now access Polynomial's derivatives trading through the [Layer3 platform](https://app.layer3.xyz/activations/socket-polynomial). *Explore Polynomial's trading features and see how SOCKET enables seamless cross-chain derivatives trading.*

**ChainOn_Top**, the first fully chain-abstracted social strategy game, completed its inaugural season. The game operates across **20+ blockchain networks** simultaneously, powered by chain abstraction technology that allows seamless cross-chain gameplay. - Players can interact across multiple chains without switching networks - Season 1 demonstrated the viability of truly multi-chain gaming - Technical explanation available from developer @vaibhavchellani This milestone shows **chain abstraction** moving from concept to practical gaming applications.

**Two approaches to POAP creation emerge in the community:** - **Quick AI route**: Community member jokes about using ChatGPT for instant POAP generation - **Artisan approach**: SOCKET Society offers hand-painted artwork with 15 digital variations The contrast highlights the ongoing debate between **AI efficiency** and **human craftsmanship** in NFT creation. *Previous context shows ChatGPT has been used for logo generation since 2023, with pop art and Pepe combinations gaining traction as onchain patterns.*

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.