Key Metrics
Total Raised$22m
Apr 12, 2022$22mRound: SeedInvestors: Polychain Capital, Coinbase Ventures, A&T Capital, Amber Group, Wintermute Ventures, Robot Ventures, Polygon, Ethereal Ventures, Hypershere, Circle Ventures, Figment, Lattice Capital, Dialectic, Continue Capital, 1kx, Hack VC, Archetype, Lattice, Breyer Capital, Wave Financial Group, Open Web Collective, Ledger Prime
Protocol Information
Nomad is an interoperability protocol for generalized message passing. We leverage an optimistic mechanism. There are no validators, and there is no blockchain. We're deployed as smart contracts between two chains, and has a lightweight off-chain component. This allows us to have less overhead and be more cost-efficient than other interoperability protocols.
Methodology
TVL: counts the total amount of assets locked in the Nomad token bridge.View code on GitHubHacks
Date: Aug 1, 2022
Amount: $190m
Classification: Bridge & Cross-Chain
Technique: Forged Proof
Chains: Ethereum
Bridge Hack
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is Nomad's TVL?
Nomad currently has $384,180.33 in total value locked. TVL has increased 2.3% over the past 30 days.
What chains does Nomad operate on?
Nomad operates on 4 chains: Moonbeam, Milkomeda C1, Evmos, and Ethereum. Ethereum holds the largest share at 100%.
How does Nomad's TVL compare to similar protocols?
Among Bridge protocols tracked by DefiLlama, Nomad ranks #90 by TVL. The category holds $51.272b across 155 protocols, and Nomad accounts for <0.1% of that total. Other leading protocols include Multichain, Connext, Axelar, cBridge, Portal, Wan Bridge, Hashport, Meter Passport, DotOracle, and LayerZero V2.
Has Nomad ever been exploited?
Nomad has 1 recorded security incident. The most recent incident occurred on Aug 1, 2022 and involved $190m. It was classified as Bridge & Cross-Chain.