Is anyswap a multichain?

SINGAPORE, Dec. 16, 2021 /PRNewswire/ -- Anyswap is pleased to announce that from now on, Anyswap shall be known as Multichain. Founded in July 2020, Anyswap was originally positioned as a cross-chain DEX. In early 2021, Anyswap removed the DEX function and focused on cross-chain bridge services.

What is multichain & how does it work?

MULTI will replace ANY to be the governance token. It allows MULTI token holders to vote and participate in the governance of the Community and Ecosystem. Upgraded from Anyswap, Multichain is re-positioned as an infrastructure developed for on-chain asset interoperability, the ultimate Router for Web 3. The MULTI Tokenomics will be explained below.

Is multichain the ultimate router of Web3?

It aims to become the ultimate router of Web3. Having evolved from Anyswap, Multichain provides a mature real-time CRP system, which allows assets on all networks to inter-operate with each other. Multichain boasts leading advantages in security, speed and user experience.

How much is multichain worth?

Public data shows the protocol has roughly $4.8 billion in total value locked. Multichain will use the funds to expand its ecosystem and team, particularly research on crypto algorithms, security and user service. Binance Smart Chain (BSC) is also putting its weight behind the protocol.