StripChain aims to enable true chain abstraction for users, removing the need to juggle multiple crypto wallets and bridges by handling that work under the hood. It combines StripVM, which receives and coordinates intents, the StripChain L3 settlement layer and universal bridge, and StripDEX, its unified liquidity layer.
The protocol is powered by the native $STRIP token, used for gas payments, staking, and accruing protocol revenue.
In May 2024, theStripChain crypto project closed a $10.1M Private Round led by Sora Ventures with participation from Shima Capital, Hypersphere, Ascensive Assets, Daedalus, and several notable angels.