Everclear (prev Connext) is the First Clearing Layer. Everclear coordinates global settlement of liquidity between chains, solving fragmentation for modular blockchains. At scale, Everclear will be able to net over 80%+ transactions, automatically routing them through the best settlement mechanisms available, drastically increasing applications' scalability and capital efficiency. Through Everclear, end-to-end chain abstraction will become possible for every chain, asset, and application. Everclear’s bridge has $2.5B+ cumulative transactions volume and $1B+ bridged TVL. We're funded by grants from the Ethereum Foundation and backed by the top VCs, including Polychain Capital, Consensys Ventures, 1kx, Pantera Capital, Hashed and others.
External link for Everclear
George Town, Cayman Island, KY
Super exciting times for Everclear!
Last week we announced the rebrand for Connext and presented the vision in Seoul, Singapore and Hong Kong. Connext is becoming Everclear, and introduces a totally new primitive in web3 called Clearing, that fixes fragmentation caused by modularity. We leverage a lot of wisdom from traditional finance and payments systems like Visa, Mastercard or SWIFT. Thank you Hashed for hosting us in your lovely office. https://lnkd.in/dRejB2eZ
Yesterday was a BIG day at Connext! We launched the NEXT token in the world's first cross-chain airdrop. A new era for Connext is starting. The Connext community, core contributing teams, and broader ecosystem unlocked a new level of cooperation: The ConnextDAO. NEXT is an xERC20s, which are native crosschain tokens that respond to the EIP7281 and are more secure and capital efficient. Read more about what we're up to in the post below! https://lnkd.in/euYYWX9q