Ask about Nomad
Logo of NomadNomad
Total Value Locked$423,630

TVL by Chain

Ethereum$423,630

Milkomeda C1 (Deprecated)$0

Moonbeam$0

Evmos$0

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.

CategoryBridge
WebsiteGitHubTwitter

Methodology

TVL: counts the total amount of assets locked in the Nomad token bridge.View code on GitHub

Hacks

Date: Aug 1, 2022

Amount: $190m

Classification: Protocol Logic

Technique: Trusted Root Exploit

Chains: Ethereum

Bridge Hack

Language: Solidity

Target Type: DeFi Protocol

Competitors

Multichain ($48.81m)Connext ($44.76m)Axelar ($145.87m)cBridge ($21.16m)Knit Finance ($383,876)USDT0 ($3.622b)Portal ($2.501b)Aster Bridge ($660.69m)SolvBTC ($517.43m)Lighter Bridge ($486.58m)