As the trailblazer of decentralized cross-chain service, Multichain provides interconnect infrastructure for 25 mainstream public blockchains including Ethereum, Fantom, Binance Smart Chain, Avalanche, Moonriver, Arbitrum, Polygon and Harmony. The Total Value Locked (TVL) on Multichain, whose number of users exceeds 300,000, is more than $5 billion, with over 1,000 crypto assets circulating among different mainnets. It is unsurpassed in terms of speed, security and decentralization. Builders can create application layers on top of it to strengthen DeFi composability.

“Multichain now is the cross-chain infrastructure that connects more public blockchains and crypto assets than anyone else, with lower transaction fees, shorter bridging time and higher security levels.

The protocol also enables the use of nonfungible tokens or NFTs – digital assets that can represent virtual items such as artwork, documents and music — that can also be exchanged between chains.

“Aligning with our plan to improve Web3, Multichain will integrate NFT Cross-Chain Bridge and our new anyCall solution for arbitrary cross-chain contract calls, supporting innovative NFT and DeFi dapps in cross-chain ecosystems,” said Zhaojun.

The company said it would use the new financing to invest in growing its research and development team, especially aligned with crypto algorithms, the audit team that focuses on security and the service team to support more users and more blockchain ecosystems.

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I’ve seen Anyswap popping up more and more in on-chain analytics reports as it’s grown to be a six billion dollar protocol by TVL. The platform just rebranded to Multichain and its fast becoming the market leader in cross chain bridges. If you want to transfer USDC from Ethereum to Polygon or Fantom or another EVM compatible blockchain you can probably do it with Multichain.

  1. Cross Chain Dex
  2. Analysing Cross-Chain Flows
  3. How To Use Multichain
  4. $60m Funding Round
  5. MULTI Tokenomics
  6. A Multichain Future

Cross Chain Dex

We have seen an explosion of alternate layer 1’s and layer 2’s over the last 12 months.
Today we have more chains all with their own ecosystems and opportunities. But moving funds between the chains has proved problematic in that there hasn’t been a clear market leader in the space.


The reason for the growth of BNB is the migration of users to Binance Smart Chain

This rapid rise in the value of BNB has come as a surprise to many analysts. You won’t find posts online with bold predictions predicting a 17-fold increase in the price of BNB in 10 months. We think that the coin’s rally is due to the coincidence of several circumstances:

  1. In 2021, Binance had its three largest quarterly burnouts of BNB.
    In October, the exchange “wiped out” 1.33 million coins worth $640 million.
  2. In early February, Binance launched a beta version of its own payment service Binance Pay, which should become the crypto-analogue of PayPal. In the service you can make transfers, make purchases and exchange cryptocurrencies into fiat currencies.

However, by November this ratio changed to 7 million and 836,000 respectively.

The number of unique Ethereum users (blue chart) and BSC users (purple chart). Source

Users are looking for low-cost transactions

Users’ shift to BSCs reflects the demand for low-cost DeFi products. The cost of making a transfer on Ethereum-based decentralized crypto exchange Uniswap has soared to double digits – even a simple transfer from a single wallet will cost a user $10-$15.
Gas fees are probably the main factor forcing traders to switch from Ethereum to other blockchains in DeFi.

For example, PancakeSwap, the main decentralized exchange on BSC, saw parabolic growth in February, briefly overtaking segment leader Uniswap in daily trading volume.

This compatibility makes MultiChain a promising candidate for our project, because most Bitcoin-compatible approaches will apply to MultiChain too. Additionally, “flexible creation and transaction of custom assets/tokens” is of particular interest for us and natively supported by MultiChain. It is also noteworthy that the project is developed in a very transparent way: questions posted to the official Q&A-section are answered quickly and competently.

Since MultiChain expects users to create their own blockchains for their specific use cases, there is no “official” public blockchain network which could have proven its stability and security.

We have set up a small test network with an explorer and a wallet frontend.

Possible usage scenarios for the Content Blockchain Project

Federated management of content identifiers and metadata

Streams on MultiChain are publicly readable, append-only key-value databases on the blockchain whose items can reach “many megabytes in size”. Being append-only, an application can still extract older, “good” data from the stream if some user attempted to overwrite it maliciously. Despite being public, there are ways to store confidential data in a stream but they are a bit cumbersome to implement. A total stream size of multiple gigabytes is possible and the announced transaction rate of 500 tx/sec for insertion-transactions seems promising.

But with the multi-chain approach, transferring data is not only simple, but also fast and secure.

Likewise, in supply chain management, blockchain interoperability can bring huge benefits. The properties of blockchain allow disconnected supply chain management systems to interoperate without high investment costs. Therefore, it makes sense to use these characteristics to transform supply chains.

Finally, an important benefit of interoperability is that different development teams previously working in silos can leverage each other’s solutions, driving innovation across the industry.

Why Ethereum may block multichain

Currently, the biggest development hindering a multi-chain future is the launch of ETH 2.0 — a network upgrade that will make the Ethereum network more scalable and secure.

SINGAPORE, Dec. 21, 2021 /PRNewswire/ — Multichain (previously Anyswap), the world’s leading cross chain protocol, raises a $60 million financing round at $1.2 billion valuation led by Binance Labs, joined by Sequoia China, IDG Capital, Three Arrows Capital, DeFiance Capital, Circle Ventures, Tron Foundation, Hypersphere Ventures, Primitive Ventures, Magic Ventures and HashKey. Besides backing Multichain financially, all the supporters will be jointly involved in the project’s development at a deep level to achieve the common vision for web3.

Multichain, rebranded from Anyswap, will continue with what it has achieved to date as a router protocol for Web3.

  • Polkadot is able to transfer data among both permissioned and permissionless blockchains. Polkadot’s bridges allow its parachains and parathreads to connect to external blockchains. Polkadot follows the shared security model (or pooled security), providing security to every parachain as soon as it gets attached to the Polkadot Relay Chain.

  • Cosmos’ priority is interoperability. Its modular structure allows users to create private blockchains and yet be able to connect it with Hubs to send and receive tokens from other public and private blockchains. For connecting blockchains such as Ethereum, Cosmos has Peg Zones which act in a similar way to Polkadot’s bridges.

  • Among the most popular are Orbit Chain, Polkadot and Cosmos.

    • Orbit Chain acts as a hub for public blockchains for liquid asset movement and interaction within a single blockchain network.
    • Polkadot is able to transfer data between permissioned and permissionless blockchains. Polkadot’s bridges allow its parachains and parathreads to connect to external blockchains. Polkadot follows a shared security model (or pooled security) that provides security to each parachain once it connects to the Polkadot relay chain.
    • Cosmos’ top priority is interoperability.

      Its modular structure allows users to create private blockchains but be able to connect it with hubs to send and receive tokens from other public and private blockchains.

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