Multichain (MULTI), previously known as Anyswap, is an infrastructure developed for arbitrary cross-chain interactions. It strives to be a router for web3, offering solutions that aim to enable nearly all blockchains to interconnect. This includes EVM chains like Avalanche, Layer 2 chains tied to Ethereum like Polygon, and Parachains networks like Moonbeam on Polkadot. Multichain has a growing network of 26 chains, with a sustained daily volume of over $100 million.

Multichain operates by using Threshold Signature Schemes (TSS) and splitting the security key to solve the problem of a single point of failure that occurs when a single signature is used to send assets or interact with smart contracts cross-chain. This is where Multichain's Secure Multi-Party Computation (SMPC) network comes into play. Each node in this selection works independently from the others to produce part of the private key responsible for confirming transactions. The key is never fully reconstructed during the signing process and remains safe from interception as it's kept in separate parts. This system makes it possible for users to perform tasks with ease and efficiency.

Multichain's potential use cases are vast due to its ability to interconnect nearly all blockchains. It can manage asset accounts and smart contracts across a variety of blockchains, making it easier for users to perform tasks. Additionally, Multichain has a feature called VeMulti, which stands for vote escrow Multi. This is the governing system for multiDAO, compensating those who process transactions with MULTI with veMULTINFTs. These holders can initiate and support governance proposals through their votes. The degree of rights and power are based on both the amount of MULTI processed and how long it is locked up in the system.

Multichain, originally known as Anyswap, was co-founded by Zhaojun. The project aims to be an infrastructure developed for arbitrary cross-chain interactions. It has grown, with a network of 26 chains and a sustained daily volume of over $100 million. The total supply of MULTI, according to the project’s whitepaper, is 100 million, with a current circulating supply of about 15% of the total supply. The project launched a feature called VeMulti, which serves as the governing system for multiDAO.

We update our Multichain to USD currency in real-time. Get the live price of Multichain on Coinbase.

The current market cap of Multichain is $3.078M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Multichain is $1,068.81. This all-time high is highest price paid for Multichain since it was launched.

Over the last 24 hours, the trading volume of Multichain is $28.353K.

Assets that have a similar market cap to Multichain include LOFI, BORGY, Purple Bitcoin, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Multichain is 15 million.

Multichain ranks 379 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 96% of Coinbase users are buying Multichain. In other words, 96% of Coinbase customers have increased their net position in Multichain over the past 24 hours through trading.