Everclear’s monthly clearing volume grew by 115% from June to July, reaching a new high of $523M!
With a strategic investment from NEAR Foundation, Everclear is accelerating towards a $1TN clearing market.
Here's our updated thesis! 🧵👇
2/ TradFi and institutions are embracing blockchain technology at an unprecedented rate, with recent additions such as @RobinhoodApp.
While this is a great sign for the industry, liquidity fragmentation is going to increase 100x with the addition of even more chains and assets.
3/ Current interop solutions have their shortcomings:
- Burn-n-Mint solutions do not work for all assets, with different token standards increasing this fragmentation.
- Intents and Chain Abstraction are bottlenecked by liquidity and rebalancing, resulting in high interop costs.
4/ We've spent the last 5 years searching for the answer to liquidity fragmentation.
After scaling to $1BN TVL with Renzo restaking, we realized that there is a huge amount of bi-directional flow between chains, with ±80% that can be netted within any given day.
6/ As the backbone of bridging, leading intent-based DeFi protocols plug into Everclear to rebalance funds behind the scenes, creating a seamless UX for their users.
We support large sized transactions ($2.5M), and the lowest possible rebalancing fees.
7/ Everclear launched its Mainnet Beta in Sep 2024 with 5 chains, and since then has grown to $523M in monthly volume and processed over $1.2B.
Now connected to 23 chains including Solana and Tron, Everclear will expand to 40+ chains by the end of the year.
8/ Everclear has integrated with major DeFi intent protocols such as:
@AcrossProtocol, @lifiprotocol, @RelayProtocol, @ParticleNtwrk, @rhinofi,
@hyperlane, @TokkaLabs, @yield, @puffer_finance, @garden_finance,
@sprinter_ux and large independent solvers in the space.
9/ Since our Mainnet Beta launch, Everclear has improved its average settlement time from ±600 min to ±25 min in July.
This was thanks to major protocol improvements and a greatly increased amount of liquidity (10x since January).
10/ Everclear’s biggest opportunity is in clearing CEX cross flows, and we're working on our first CEX integration that will go live soon.
After hitting our recent milestone of $1B cleared across 23+ chains, our next stop is scaling intents to $1TN!
The future is CLEAR! ⚪️
11/ Read more in the Everclear blog
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