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Hop Protocol

Hop Protocol

Rollup-to-rollup token bridge with bonded liquidity providers and instant transfers

Launch Year
2021
Consensus
Proof of Stake (Ethereum)
Max Supply
1,000,000,000 HOP
Block Time
Varies by L2
HOP
HOP
Hop Protocol
Price
24h Change
Market Cap
Volume (24h)
Circulating Supply
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Hop Protocol Price Chart

HOP / USD
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Data by CryptoCompare

About Hop Protocol

Hop Protocol (HOP) is a rollup-to-rollup token bridge specialized for transferring assets between Ethereum L2s (Arbitrum, Optimism, Polygon, etc.) without waiting for the 7-day challenge period. Hop uses Bonders — liquidity providers who front native assets on the destination chain immediately, while the canonical bridge completes in the background. Users get fast transfers; Bonders earn fees. HOP is the governance token with staking rewards for liquidity providers. Hop pioneered the 'hTokens' model that's been widely referenced in rollup interoperability design.

History

2021
Hop Protocol launches enabling fast L2-to-L2 transfers; raises $2.5M
2022
HOP token airdrop to bridge users; one of DeFi's most talked-about airdrops
2022
Hop expands to Arbitrum Nova, Base, and other L2s
2023
Hop DAO governs protocol; community manages fee parameters and new chain additions

How to Swap HOP

Exchanging Hop Protocol (HOP) on SyntheticSwap is simple and needs no account or identity check. HOP is a multi-chain token primarily on Ethereum, supported by MetaMask, Coinbase Wallet, Trust Wallet, and Ledger Live. Select HOP in the swap interface, pick your desired output asset, provide a receiving wallet address, and review the live exchange rate. Your swap settles automatically after your HOP deposit is confirmed — the destination token is sent directly to your wallet without delay.

How to Store HOP

HOP (ERC-20) is stored in MetaMask, Ledger, or any Ethereum wallet. HOP exists on Ethereum and multiple L2 networks.

Frequently Asked Questions