Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$1.76KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $1.76K | -- | -- | -- |
| Oct 2026 | $12.53K | -- | -- | -- |
| Sep 2026 | $29.68K | -- | -- | -- |
| Aug 2026 | $15.39K | -- | -- | -- |
| Jul 2026 | $15.26K | -- | -- | -- |
| Jun 2026 | $35.42K | -- | -- | -- |
Comparison
Follow Updates
Follow Lists
People
About Socket
Socket, founded in 2021, is a cross-chain routing and chain abstraction layer that aggregates bridges, decentralized exchanges and liquidity pools behind one quote interface: a developer calls the API once and receives cross-chain routes ranked by cost, time and success rate, while the user sees an outcome from one asset on chain A to another on chain B instead of picking bridges hop by hop. The architecture separates application gateways, watchers, transmitters and switchboards, with off-chain agents producing intent proofs, on-chain contracts verifying and executing, and a modular order flow auction where solvers bid.
The routing API, embeddable components and the consumer-facing Bungee exchange share one liquidity layer, which is what powers cross-chain swaps inside wallets such as MetaMask and Coinbase Wallet. Socket holds no liquidity itself and its contracts only dispatch, so security is inherited from the underlying bridges and exchanges; routing concentrates on the liquidity of a handful of bridges, and any contraction in one path shows up directly as worse quotes or failed routes. Solana support added in the first quarter of 2026 extended coverage beyond EVM ecosystems.
Socket (formerly Socket Protocol) was founded in 2021 as a cross-chain interoperability protocol, introducing a two-layer architecture (SocketLL for asset transfer and SocketDL for data transfer). In 2022, it raised $5M in a seed round led by Coinbase Ventures and Framework Ventures, followed by a $5M strategic round in 2023, totaling $12M in disclosed funding. By early 2024, the protocol had processed over $3.5B in volume across 2.5M+ transactions, serving major DeFi and wallet projects. In January 2024, Socket suffered a $3.3M exploit due to a vulnerability in a newly deployed route contract, affecting 232 users. The team quickly disabled the affected route, recovered $2.2M in ETH, and fully compensated all victims, demonstrating resilience and commitment to user protection. In 2025, Socket exposed 77 malicious Firefox wallet extensions, with 40 confirmed to steal seed phrases, contributing to ecosystem security. These milestones highlight Socket's evolution from a technical protocol to a mature cross-chain infrastructure with a strong security track record.
On March 25, 2026 NEAR Intents went live on Bungee, pricing swaps across more than 30 chains and reaching Bungee's 300,000 monthly users and 200-plus integrators. In the same period BOB Gateway became the native Bitcoin provider in Socket's routing network, so Bungee and every app on the Socket API can use native BTC as a source or destination asset without wrapping or a custodian.
Socket's routing layer remains the core asset: Bungee has passed $25 billion of cumulative volume across 20 to 29 chains, putting multiple bridges and DEXs into one comparison pool. Work with Pendle upgraded Bungee to V3, allowing one-click conversion of any token on any chain into PT or YT with gas on the destination paid by the protocol. The team's public view is that cross-chain aggregation competes on latency, reliability and security rather than the last basis point. For integrators, native BTC routing removes wrapped assets and custodians, shifting settlement risk from issuers to routing and solvers.
Socket will keep distributing through B2B channels, embedding routing into wallets and exchanges rather than fighting consumer apps for traffic, and widen coverage of native assets and intent-based orders.
Vaibhav Chellani — Co-founder; came from the Biconomy infrastructure team, leads the design of Socket's cross-chain interoperability protocol.
Rishabh Khurana — Co-founder; together with Vaibhav built the chain-abstraction routing and liquidity layer.