Everclear, the Ethereum Foundation-backed interoperability protocol, launches mainnet
Powered by @unfolded- Everclear, a cross-chain settlement protocol backed by notable investors including the Ethereum Foundation, has officially launched its mainnet after experiencing significant growth, reaching $125 million in monthly volume.
- The launch includes advanced features such as intent protocols for automating transactions and intents-based bridges to facilitate easier asset swaps between blockchains.
- Formerly known as Connext, Everclear aims to simplify cross-chain interactions and enhance user experience by abstracting the complexities of multiple blockchains, enabling seamless engagement with decentralized applications.
- The protocol has already demonstrated its effectiveness through a partnership with Renzo, leading to over $1 billion in total value locked by allowing seamless restaking of staked ETH derivatives across chains.