Hop is a cryptocurrency platform that serves as a bridge between Ethereum and Layer-2 networks. It enables users to send tokens quickly and efficiently across various networks, eliminating the need for extended waiting periods. The key components of the Hop protocol architecture are the Hop bridge token, which can be easily transferred between Layer-2 networks or redeemed on the Ethereum mainnet, and Automated Market Makers (AMMs), which facilitate the seamless exchange of Hop bridge tokens for their corresponding Canonical Tokens on each rollup. This system ensures optimal liquidity pricing and encourages the redistribution of liquidity throughout the network.
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