Gate News Bot news, August 6th, according to CoinMarketCap data, as of the time of writing, SKATE (Skate) is currently priced at $0.05, with a rise of 13.82% in the last 24 hours, reaching a high of $0.07 and a low of $0.04. The current market capitalization is approximately $11.4 million, with an increase of $1.39 million compared to yesterday. Skate is a platform focused on cross-virtual machine (VM) interaction, allowing users to interact with applications from any VM on their preferred VM. Skate is committed to building the future of cross-VM interaction, connecting all VMs, including EVM, TVM, SVM, and more. The platform supports running and using the same applications across all chains, providing a unified interface and experience. Skate is backed by leading institutions in the industry, including Nomad Capit

Gate News bot message, according to the official announcement from Gate on June 9, 2025: Gate will launch Skate(SKATE) token staking and mining activities on Launchpool. The event will be held from 20:00 on June 9, 2025 to 20:00(UTC+8) on June 14, 2025, with a total mining amount of 300,000 SKATE. Skate is a multi-virtual machine infrastructure project that allows decentralized applications to run on multiple blockchains ( including EVM and other virtual machines ). Its core product, Skate AMM, enables multi-VM, single liquidity curves across all chains. The system will issue token rewards to users' spot accounts every hour according to the proportion of users' pledged assets, and the rewards will be 100% unlocked. Gate Labs states that it is not involved in Skate(SKATE) investment.

PANews June 6 news, the universal application layer protocol Skate announced on the X platform that the SKATE Token initial Airdrop allocation query page is now online. According to previous news, Skate announced its Token economics: the total initial issuance is 1 billion coins, with an initial Airdrop accounting for 10%.

Skate launches Skate AMM that supports cross-VM environments, covering multiple networks, and achieves multi-chain support through cross-VM architecture, separating logic and assets to avoid bridge risk, enhancing Liquidity and user experience, while gaining higher fee income and capital efficiency.

Skate has launched a new feature called "Skate Shuffle". Users can interact and earn points with random applications through rotation, without the need for a bridge. Users can run it natively on any VM, and users on altVM can also interact with EVM applications. Applications include ether.fi, mETH Protocol, Virtuals Protocol, Lombard, GMX, etc.

Skate launches Skate Visa, dedicated to changing the way users interact on-chain. Holders can purchase memes, earn profits from LP combinations, invest in DAO, and more through Cross-Chain Interaction. Ollies is a community-driven reward program with a 5 billion supply, featuring practicality such as purchasing memes, which may bring potential returns to holders in future TGE events. Skate Passport will gradually achieve the first-phase goal of seamless access to applications within the ecosystem anytime, anywhere.

Odaily Planet Daily News Application Layer Skate announces the launch of the first phase of Shadow on Mainnet. From now on, users will be able to interact in real-time with stateless applications on different blockchain virtual machines, and can directly bring Polymarket hosted on Polygon to millions of TON and Telegram.

Jinse Finance reported that Intent Network Skate Shadow Mainnet has been launched, and users can cross multiple VMs.

According to official news, Skate announced that it has been launched on the TON network. Skate's stateless application infrastructure allows applications to run on both EVM and non-EVM on-chain in a single state simultaneously. When building applications on Skate, they are not limited by the Virtual Machine and are suitable for all chains. Skate said that users can earn extra Ollies points if they try the new TON integration, and Skate will soon integrate Solana and Eclipse.

Users participating in the pilot application can receive Ollies rewards.

Skate will launch a Stateless App that spans 25 chains, solving the problem of Dapp application isolation in a multi-chain environment and becoming a single center for on-chain code deployment.