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

BlockBeats News, April 15th, Cross-chain settlement protocol Everclear (formerly Connext) announced the official launch of its mainnet, following rapid network growth that has seen its monthly transaction volume reach $1.25 billion.

In addition to the launch of the "full mainnet," the team also stated that they are rolling out several cutting-edge features. This includes an Intent Protocol (a system that allows users to automate transactions) and intent-based bridging to simplify asset exchange between blockchains.

Everclear (formerly Connext) is a blockchain interoperability protocol designed to address crypto fragmentation. Last year, the protocol rebranded to Everclear in a "strategic transformation" and introduced a rollup chain based on Arbitrum Orbit as the "settlement layer" for intent-based bridging. Serving as a backend liquidity hub, the network simplifies cross-chain transaction settlement by matching opposing transaction "intents."

Everclear eliminates the complexity of interacting with multiple blockchains, allowing users to seamlessly engage with various applications regardless of the underlying chain. Its goal is to facilitate user interaction with any decentralized application (dapp) and asset on any blockchain with minimal fees and latency below 10 seconds.