Hop Protocol

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Hop Protocol's governance or utility token carries a market capitalisation of US$6万 based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (US$6万) is small relative to deposits secured by the protocol (US$391.2万); a mcap/TVL multiple of 0.02× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Hop Protocol is a Cross Chain Bridge protocol that moves assets and messages between blockchains, locking value on the source chain and minting or releasing a representation on the destination. It is deployed across 7 chains, including Ethereum, Arbitrum, Optimism, Polygon and 3 other chains. The codebase has been independently audited (1 report on file).

Hop Protocol runs a multi-chain deployment, with smart contracts live on 7 networks. Its TVL is heavily concentrated on Ethereum, which holds 72% of all assets — other deployments are comparatively small. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (US$6万) is small relative to TVL (US$391.2万) — a mcap/TVL ratio of 0.02 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for Hop Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Hop Protocol is one of 7 Cross Chain Bridge protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Stargate V2, Hyperlane, NEAR Intents, and 3 more. These peer protocols collectively secure US$3.4亿 in deposits, giving you a frame of reference for whether Hop Protocol's own TVL is at the top, middle, or tail of the category.

Stargate V2

TVL US$1.1亿 · 24h -2.70%

Hyperlane

TVL US$1.1亿 · 24h +1.97%

NEAR Intents

TVL US$5835.8万 · 24h -0.88%

Across

TVL US$3308.8万 · 24h +0.04%

Synapse

TVL US$1727.4万 · 24h +0.02%

Stargate V1

TVL US$1113.6万 · 24h +0.40%