Multichain, formerly known as Anyswap, is a pioneering decentralized cross-chain service that serves as a router protocol for Web3. It provides interconnect infrastructure for 25 major public blockchains, including Ethereum, Fantom, BNB Chain, Avalanche, Moonriver, Arbitrum, Polygon, and Harmony. With over 300,000 users and a Total Value Locked (TVL) of more than $5 billion, Multichain facilitates the circulation of over 1,000 crypto assets across different mainnets.

One of the key strengths of Multichain is its ability to enable interoperability among almost all blockchains. It supports Ethereum-like chains (e.g., BNB Chain), Layer 2 chains requiring finality to Ethereum (e.g., Polygon), Parachains in the PolkaDot system (e.g., Moonbeam), Bitcoin-like chains (e.g., Litecoin), and COSMOS chains (e.g., Terra). These chains are either already integrated or in the process of integration. Additionally, Multichain supports all ECDSA and EdDSA encrypted chains, making it a versatile interoperable layer.

Multichain (MULTI) is an infrastructure developed for arbitrary cross-chain interactions. It enables nearly all blockchains to interconnect, including EVM chains like Avalanche, Layer 2 chains tied to Ethereum like Polygon, Parachains networks like Moonbeam on Polkadot, and more. With a network of 26 chains and a Total Value Locked (TVL) reaching highs of over $10.45 billion, Multichain is a prominent name in the cross-chain space. However, recent news of the Multichain CEO being uncontactable saw TVL dropping to $1.38B.

The co-founder and CEO of Multichain is Zhaojun.

Multichain aims to solve the problem of a single point of failure in cross-chain interactions by using Threshold Signature Schemes (TSS) and its Secure Multi-Party Computation (SMPC) network. The SMPC network implements TSS Distributed Key Generation, where each node produces part of the private key responsible for confirming transactions. By digitally signing transactions, the SMPC network effectively manages asset accounts and smart contracts across different blockchains. Multichain also features VeMulti, a governing system for multiDAO that rewards stakers of MULTI with veMULTI NFTs, granting them voting rights and power based on their MULTI holdings and lock-up duration.

The total supply of MULTI is 100 million, with a current circulating supply of 14,541,094 (about 15% of the total supply).

MULTI is an ERC-20 token issued on the Ethereum blockchain, secured through the Proof-of-Stake (PoS) consensus mechanism. Validators stake 32 ETH to participate in consensus and validate transactions.

MULTI can be purchased on centralized exchanges such as Binance, Coinbase, Kraken, Huobi, and more. It is also available on decentralized exchanges like PancakeSwap (V2), SushiSwap, SpookySwap, and others. Track MULTI live prices in real-time with the CMC mobile app.