BTC
$92,706.33
-
0.54%
ETH
$1,769.16
-
1.39%
USDT
$1.0002
+
0.00%
XRP
$2.1761
-
2.60%
BNB
$604.14
-
1.86%
SOL
$147.84
-
0.94%
USDC
$0.9998
+
0.00%
DOGE
$0.1729
-
4.93%
ADA
$0.6809
-
1.78%
TRX
$0.2437
-
1.46%
LINK
$14.58
+
1.18%
SUI
$2.9398
+
4.95%
AVAX
$21.87
-
2.56%
LEO
$9.1674
+
1.22%
XLM
$0.2605
-
2.87%
TON
$3.1055
-
0.48%
SHIB
$0.0₄1316
-
4.53%
HBAR
$0.1760
-
3.37%
BCH
$361.31
+
1.11%
LTC
$81.88
-
3.27%
Sign Up
Select Language
English enFilipino filEspañol esItaliano itFrançais frУкраїнська ukPortuguês pt-brРусский ru
Logo
NEXT

Everclear

$0.02928
5.86%
Open
-
High
-
Low
-
Vol.
-
coindesk-loading-spinner
1H
24H
7D
1M
1Y
All
Market Cap. #
$29,289,966
Volume (24h) #3946
$176
Supply (Circ. / Total / Max)
- / 1B / ∞
Launch Date
2023-04-04
Built On
ETH
Token Standard
ERC20
Smart Contract Address
0xFE67A4450907459c3e1FFf623aA927dD4e28c67a
Decimal Places
18

Everclear Price Converter

Everclear

Everclear Information

Resources

WebsitesWebsiteBlog
Block Explorersscan.everclear.org
Code Repositoriesgithub.com/connext/xapp-starter
Industries
Cross-Chain Infrastructure
Governance
Communitiesx.com
Parent AssetCLEAR

Everclear Supported Platforms

0x58b9cb810a68a7f3e1e4f8cb45d1b9b3c79705e8ERC20OP0x58b9cb810a68a7f3e1e4f8cb45d1b9b3c79705e82023-09-04
NEXTERC20ETH0xFE67A4450907459c3e1FFf623aA927dD4e28c67a2023-04-04
NEXTERC20POL0x58b9cb810a68a7f3e1e4f8cb45d1b9b3c79705e82023-09-03
NEXTERC20ARB0x58b9cb810a68a7f3e1e4f8cb45d1b9b3c79705e82023-09-03
NEXTBEP20BNB0x58b9cB810A68a7f3e1E4f8Cb45D1B9B3c79705E82023-09-03
View all

About Everclear

Everclear (NEXT) is a decentralised protocol aimed at enhancing cross-chain liquidity settlement through its Clearing Layer, addressing liquidity fragmentation across blockchains. The NEXT token functions as the governance token within Everclear's DAO, facilitating community participation in the protocol's development.

Everclear, previously known as Connext, is a decentralized protocol designed to facilitate secure and efficient cross-chain liquidity settlement between various blockchain networks. It introduces the concept of a "Clearing Layer," which coordinates global liquidity rebalancing to address the challenges of liquidity fragmentation across blockchains. The protocol's native cryptocurrency, NEXT, serves as the governance token for Everclear's decentralized autonomous organization (DAO).

Everclear rebranded from Connext in early 2024 to align with its broader vision for liquidity coordination across blockchain ecosystems. This transition introduced new governance structures, including a vote-bonding system to incentivize solvers who contribute to network efficiency.

In December 2024, the Everclear DAO approved a proposal to evolve the governance model of the protocol while maintaining the utility of the NEXT token. This change introduced a vote-bonding mechanism designed to incentivize solvers who contribute to protocol volume and a fee-sharing system that rewards all stakers participating in governance. Holders of NEXT tokens on any Ethereum Layer 2 retained their holdings with full functionality, while those on Ethereum mainnet were required to migrate manually at a 1:1 ratio.

Everclear's primary function is to streamline cross-chain liquidity rebalancing through a process called "netting." This method matches intents from one blockchain with opposing intents from another, reducing the cost and complexity of rebalancing while enhancing capital efficiency. The CLEAR token powers Everclear's vote-bonding system, enabling governance participation and reward distribution to stakers and solvers. By staking CLEAR tokens, participants can engage in protocol governance and earn a share of the fees generated by the system.

Everclear was co-founded by Arjun Bhuptani, Rahul Sethuram, and Layne Haber. The team, one of the first to work on L2 research, has been focused on improving the user experience of Ethereum and the broader Web3 ecosystem. They believe in the transformative potential of decentralized networks in finance and in giving value back to users.