Cross-chain settlement protocol Everclear, formerly known as Connext, has officially launched its mainnet, marking a major milestone in its mission to unify fragmented blockchain ecosystems.
The announcement came Tuesday after the network hit over $125 million in monthly volume, reflecting rapid growth and rising adoption.
New Features to Automate and Simplify Interoperability
Alongside its full mainnet launch, Everclear is introducing several advanced features designed to make blockchain transactions faster and easier for users. These include:
- Intent Protocols: A system that allows users to automate transactions by specifying desired outcomes, reducing the need for manual interaction with multiple blockchains.
- Intent-Based Bridges: These make swapping assets between blockchains significantly more seamless by abstracting away the complexity of bridging.
Rebranding and Strategic Pivot
Everclear rebranded from Connext last year during a strategic pivot aimed at solving crypto fragmentation more directly. Built on an Arbitrum Orbit-based rollup chain, Everclear’s clearing layer is designed to serve as a backend liquidity and intent-matching hub, enabling fast and low-cost cross-chain settlements.
The core innovation lies in matching opposing transaction intents, which essentially removes the need for users to manually navigate multiple blockchains to complete their trades or actions.
A Unified Layer for Web3 Interactions
Everclear’s architecture is built to allow seamless interaction with any decentralized application (dapp) across any blockchain. According to the team, the protocol enables cross-chain settlements in under 10 seconds, with minimal fees.
By acting as a clearing layer for intent-based bridges, Everclear aims to become the go-to protocol powering the next generation of multichain Web3 applications — offering users the ability to interact with any chain or asset, effortlessly.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/everclear-launches-mainnet-to-simplify-cross-chain-crypto-transactions/