Multichain (MULTI), previously known as Anyswap, claims to be the ultimate router for web3 and has positioned itself as an infrastructure developed for arbitrary cross-chain interactions.

As claimed in their official documentation, Multichain offers solutions that enable nearly all blockchains to interconnect – regardless if it is EVM chains (e.g., Avalanche), Layer 2 chains tied to Ethereum (like Polygon), Parachains networks like Moonbeam on Polkadot, and so on.

Multichain is a prominent name in the cross-chain space, with a rapidly growing network of 26 chains, with Total Value Locked (TVL) reaching highs of over $10.45 billion, and a sustained daily volume of over $100 million. However, the onset of the bear market and recent news of Multichain CEO being uncontactable saw TVL dropping to $1.38B.

Zhaojun is the co-founder and CEO of Multichain.

As laid out in its official documentation, Multichain aims 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. The solution, according to Multichain, is to use Threshold Signature Schemes (TSS) and split the security key. This is where Multichain's Secure Multi-Party Computation (SMPC) network comes into play.

Multichain's SMPC network of nodes implements TSS Distributed Key Generation, an algorithm custom written and optimized by the engineers at Multichain. Each node in this unique selection works independently from the others to produce part of the private key responsible for confirming transactions. Not one of them can independently sign transactions, yet they all collaborate to do so. Furthermore, the key is never fully reconstructed during the signing process and remains safe from interception as it's kept in separate parts.

By digitally signing transactions, the SMPC network is able to effectively manage asset accounts and smart contracts across a variety of blockchains. This comprehensive system makes it possible for users to perform countless tasks with ease and efficiency.

Cross-chain bridges are the connection between two blockchains. When an asset is to be bridged, it's sent to a special SMPC wallet address and kept safe in a Decentralized Management Account on its origin chain. On the destination chain, this triggers a smart contract that mints tokens 1:1 with those held in the Decentralized Management Account and then sends them directly into your wallet. The reverse occurs when you withdraw coins from your destination blockchain - they're burned off before SNMP nodes quickly release them onto their source blockchain again.

In addition to its unique SMPC network as described above, VeMulti is another unique feature of Multichain. VeMulti stands for vote escrow Multi and it was launched on May 9th, 2022.

As the governing system for multiDAO, VeMulti rewards stakers of MULTI with veMULTI NFTs. These holders will be capable of initiating and supporting governance proposals through their votes. The degree of rights and power are based on both your amount of MULTI invested as well as how long it is locked up in the system.

According to the project’s whitepaper, the total supply of MULTI is 100 million. The current circulating supply of MULTI is 14,541,094, about 15% of the total supply.

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

MULTI can be purchased on various centralized exchanges such as Binance, Coinbase, Kraken, Huobi and more. It is also available on decentralized exchanges like PancakeSwap (V2), SushiSwap, SpookySwap and more.

Keep track of MULTI live prices in real-time with the CMC mobile app.

The all-time high of MULTI was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Multichain (MULTI) is 0. The current price of MULTI is down 0% from its all-time high.

As of , there is currently 14.54M MULTI in circulation. MULTI has a maximum supply of 100.00M.

The current market cap of MULTI is 5.05M. It is calculated by multiplying the current supply of MULTI by its real-time market price of 0.347489826312.

The all-time low of MULTI was 0 , from which the coin is now up 0%. The all-time low price of Multichain (MULTI) is 0. The current price of MULTI is up 0% from its all-time low.

Multichain (MULTI) has a market capitalization of $5.05M and is ranked #1328 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Multichain (MULTI) price trends and patterns to find the best time to purchase MULTI.