The Hop protocol is used to send tokens across rollups and their shared Layer 1 network in a fast and trustless manner. The Hop protocol employs a two-pronged approach to provide a scalable token bridge for Ethereum’s Layer 2 ecosystem:
First, the Hop Protocol will create a special token called hToken (such as hETH, hDAI, etc.), serving as a transfer bridge across major Layer 2 networks;
Second, it will establish an AMM-type DEX on top of different Layer 2 networks, enabling free trading between hTokens and other assets native to these networks.
