Hop was built to be core Ethereum infrastructure and serve as a public good. We’re decentralizing the governance of Hop Protocol by turning it over to Hop DAO where it can be community owned and operated.

Almost two years ago, DeFi summer was roaring, and Ethereum gas prices were hitting debilitating heights. We watched as the users of our wallet, Authereum, were getting priced out and leaving for cheaper but often more centralized chains. It had become increasingly clear that Ethereum needed to scale as soon as possible.