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USDT$0.999901▲ 0.0%·
BNB$787.73▲ 2.9%·
XRP$1.50▲ 1.0%·
USDC$1.00▲ 0.0%·
SOL$121.01▲ 1.4%·
TRX$0.335287▲ 0.0%·
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ZEC$1,328.37▲ 1.3%·
HYPE$89.76▲ 1.9%·
DOGE$0.093144▲ 0.3%·
LINK$14.01▲ 0.0%·
XMR$548.00▲ 0.0%·
WBT$84.55▲ 0.5%·
USDS$0.999844▼ 0.0%·
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6.2/10
Crypto Bridges

Hop Protocol

Adequateranked 4 of 4 in crypto bridges◆ Sources checked · 27 Sept 2026

Settles through the canonical rollup bridges with bonded liquidity providers and has no exploit on record, but the product around it has largely gone. On 27 Sep 2026 hop.exchange served an Indonesian gambling site, the app subdomain returned an error, liquidity was about $3.9M against a $149M peak, and v2 was still on testnet. Never connect a wallet on the hop.exchange domain.

Best for: Nothing new: a sound design that now looks close to dormant

Company file: Hop Protocol, owners, incidents →

How this score was reached

6.2 is the weighted average of the five pillar findings below. Works, but something here costs you — money, control or certainty.

Custody & Security45%
8.0

Settlement inherits canonical rollup bridge security plus a 110% bond from each bonder; audited by Solidified and Monoceros Alpha before the 2021 launch, with no exploit on record. Contracts are managed by a multisig with a one-day timelock, and development has stalled since late 2025.

Cost & Fee Transparency15%
6.4

Bonder fee 0.05–0.30% and 0.01–0.04% per AMM swap are documented, but with a few million dollars left in the pools, slippage is now the largest cost on anything but small transfers.

Regulation & Legal Standing5%
6.0

Unlicensed. Operated by Authereum Labs Inc., a US team, and governed by the Hop DAO.

Performance & Reliability25%
4.0

About $3.9M locked on 27 Sep 2026, down about 97% from about $149M in Apr 2022. The docs still describe v2 as testnet-only; the main repositories have not been updated since late 2025. No shutdown has been announced.

Access & Support10%
3.0

The hop.exchange domain no longer serves Hop: on 27 Sep 2026 it showed a gambling site and app.hop.exchange returned HTTP 400. The only working routes are an IPFS-hosted interface listed in the docs, or a bridge aggregator.

Strengths

  • Inherits canonical rollup bridge security instead of inventing a trust model
  • No exploit on record
  • Fees documented in the docs

Against it

  • hop.exchange now serves an unrelated gambling site — never connect a wallet or sign there
  • Liquidity down about 97% from peak; thin pools mean real slippage
  • v2 never left testnet and development has stalled

Do not use hop.exchange

On 27 Sep 2026 hop.exchange served an Indonesian gambling site, app.hop.exchange returned an HTTP 400 error and the forum was down. We do not know whether the domain was sold, lapsed or taken over. Treat any page on hop.exchange as hostile: never connect a wallet, approve a token or sign anything there.

The design underneath was sound — settlement through the canonical rollup bridges, bonders staking 110% of what they front, no exploit on record — and the contracts still work while bonders run. But liquidity is about $3.9M against a $149M peak in April 2022, v2 never left testnet and the code has not moved since late 2025. That is what a wind-down looks like, and the access and performance scores say so. If you must move funds out of Hop, use the IPFS interface listed in its docs or a bridge aggregator.

Frequently asked questions

Is hop.exchange safe to use?+

No. As of 27 Sep 2026 the domain served an unrelated gambling site, not Hop. Do not connect a wallet or sign anything on hop.exchange; reach Hop’s contracts through the IPFS interface listed in docs.hop.exchange or a bridge aggregator.

Is Hop Protocol shutting down?+

No shutdown has been announced, but TVL is about $3.9M, down about 97% from its peak, v2 is still on testnet and the main repositories have not been updated since late 2025. Treat it as largely inactive and prefer a bridge with active liquidity.

Were Hop’s contracts hacked?+

No exploit is on record. The domain problem is a front-end and phishing risk; the contracts themselves were unaffected when we checked on 27 Sep 2026.

Assessed by

James Park

By James Park

NFT & Web3 Gaming Analyst · September 27, 2026

◆ Disclosure

CoinRadar Daily is a non-commercial project. We have no commercial relationship with Hop Protocol, earn nothing from any link on this page, and carry no advertising or sponsorship anywhere on the site. Findings rest on public sources; we did not open an account or transact.

Rubric v2.0How we score →

The rest of the crypto bridges table

  1. 01Chainlink CCIPIssuer-controlled token transfers across 80+ chains, cheapest at size8.2
  2. 02AcrossFast transfers with relayers fronting the capital7.2
  3. 03WormholeIssuers taking a native token multichain, if you accept the guardian model7.1
  4. 04Hop Protocol — you are hereNothing new: a sound design that now looks close to dormant6.2
Full crypto bridgescomparison →

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