### What is Everclear?
Everclear is a protocol designed to simplify complex cross-chain transactions by addressing liquidity fragmentation across multiple blockchains. It acts as a clearing layer, netting transactions to reduce costs and improve efficiency.

### How does Everclear work?
Everclear is built on Ethereum Layer 2 (L2) technology using Arbitrum Orbit rollup technology, and it utilizes Hyperlane for message delivery between chains. It employs a netting mechanism to aggregate transactions in bulk, reducing transaction costs and improving efficiency. The Everclear protocol leverages EigenLayer for security and uses gateway contracts for users to deposit funds.

### What are the potential use cases for Everclear?
Everclear has various use cases across different sectors such as:
- DeFi applications for managing liquidity and facilitating seamless cross-chain interactions.
- Token issuers and protocols can optimize asset movement across chains.
- It enables efficient and scalable blockchain interoperability, with notable partnerships with networks like Hyperlane and EigenLayer.

### What is the history of Everclear?
Everclear originated from the Connext network, initially developed for secure cross-chain communication. It launched its testnet in June 2024 and mainnet in September 2024. Significant milestones include the pivot from Connext to create a more modular and scalable protocol, and notable partnerships for enhancing cross-chain transactions.

Connext

Deposits and withdrawals are not currently available for this coin. NEXT was migrated to CLEAR.

Connext (NEXT)

Similar Coins

BTC

ETH

XRP

USDT

BNB

SOL

USDC

DOGE

STETH

ADA

TRX

LINK

HYPE

AVAX

SUI

BCH

XLM

Resources

Connext (NEXT) Price Index

Resources