The cross-chain settlement protocol Everclear officially launched its Mainnet, formerly known as Connext.

BlockBeats News: On April 15, cross-chain settlement protocol Everclear (formerly Connext) announced the official launch of its mainnet, a move that follows the rapid growth of the network, with its monthly trading volume reaching $125 million. In addition to the launch of the “full mainnet”, the team also said that a number of cutting-edge features are being rolled out. This includes intent protocols (a system that enables users to automate transactions) and intent-based bridging to simplify the exchange of assets between blockchains. Everclear (formerly Connext) is a blockchain interoperability protocol that aims to solve the problem of crypto fragmentation. Last year, the protocol was renamed Everclear in a “strategic transformation” that introduced a “liquidation layer” of the Arbitrum Orbit-based rollup chain for intent-based bridging. The network acts as a back-end liquidity hub that simplifies cross-chain transaction settlement by matching opposite transaction “intents”. Everclear removes the complexity of interacting with multiple blockchains, enabling users to seamlessly interact with different applications, regardless of the underlying chain. The goal is to facilitate user interaction with any decentralized application (dapp) and asset on any blockchain with minimal fees and latency of less than 10 seconds.