Multichain MULTI Price

What is Multichain (MULTI)?

Multichain, formerly known as Anyswap, stands as a groundbreaking router protocol for Web3, serving as a robust infrastructure designed for arbitrary cross-chain interactions. With a rapidly growing network of 26 chains, Multichain facilitates interoperability among various blockchains, including Ethereum, Fantom, BNB Chain, Avalanche, Moonriver, Arbitrum, Polygon, and Harmony. The platform's Total Value Locked (TVL) has reached impressive highs, showcasing its prominence in the cross-chain space. Despite recent challenges, such as the bear market and news of the CEO being uncontactable, Multichain remains a vital player with a TVL of $1.38 billion, demonstrating resilience amid market fluctuations.

One of Multichain's distinctive features lies in its Secure Multi-Party Computation (SMPC) network, leveraging Threshold Signature Schemes (TSS) to eliminate the single point of failure associated with a single signature across different chains. The SMPC network employs a unique algorithm for Distributed Key Generation, ensuring secure and decentralized transaction confirmation. The platform's services, including bridges, routers, cross-chain contract calls, and NFT-related functionalities, showcase its versatility in managing assets and smart contracts across diverse blockchains. Additionally, the introduction of VeMulti, a governance system rewarding MULTI stakers with veMULTI NFTs, further enhances the community's involvement in decision-making and governance.

Multichain's success is attributed to its ability to integrate and interoperate with a wide array of blockchains, breaking down barriers between Ethereum-like chains, Layer 2 chains, Parachains, Bitcoin-type chains, and COSMOS chains. With support for all ECDSA and EdDSA encrypted chains, Multichain stands as a universally applicable interoperable layer, providing users with a seamless and cost-effective solution for cross-chain transactions and asset management. As the platform continues to evolve, its innovative approach to decentralized cross-chain services positions it as a key player in shaping the future landscape of Web3.

What is unique about Multichain (MULTI)?

Multichain (MULTI) distinguishes itself through a revolutionary Secure Multi-Party Computation (SMPC) network, employing Threshold Signature Schemes (TSS) for secure cross-chain interactions and eliminating single points of failure.

Who are the founders of Multichain (MULTI)?

Zhaojun is the co-founder and CEO of Multichain (MULTI), leading the innovative efforts in developing the ultimate router for web3 and enhancing cross-chain interoperability.

Who are the backers/investors of Multichain (MULTI)?

Multichain has garnered support from Binance Labs, HashKey Capital, Circle Venture, Sequoia Capital among others.

Where can I buy Multichain (MULTI)?

You can buy Multichain (MULTI) on Gate.io, Kraken, Sushiswap cryptocurrency exchanges.