Connext has rebranded to Everclear, introducing a new system called the Clearing Layer. Everclear aims to solve liquidity fragmentation for modular blockchains by coordinating global settlement between chains. Built as an Arbitrum Orbit Layer 2 and utilizing technologies like Gelato Network's RaaS, Hyperlane, and EigenLayer, Everclear facilitates seamless liquidity and permissionless chain expansion. The Clearing Layer functions similarly to Visa's clearing and settlement between banks, optimizing liquidity for intent-based bridges and reducing the cost and complexity of rebalancing by up to 10 times. Everclear's launch marks a significant step forward in the Chain Abstraction stack, enhancing interoperability and efficiency for decentralized finance (DeFi) protocols. According to co-founder Arjun Bhuptani, the mainnet is expected to launch in early Q3. Everclear has already achieved over $1B in total value locked (TVL) and recently featured its first podcast about the new system.
Excited to be working hand in hand with the @eigenlayer ecosystem through @eigen_da and @hyperlane's upcoming AVS! 🤝 Everclear is a system that is *uniquely* possible to build because of restaked economic security. https://t.co/wkZpVcgcVx
Check out @EverclearOrg, a new L2 solving fragmentation for modular chains powered by @gelatonetwork. Everclear uses two AVS's: @eigen_da @hyperlane We love to see increasing cross-AVS adoption by exciting new projects! If you want innovative crypto infra - it's on EigenLayer ♾ https://t.co/oiTVRwFbon
1/ Very proud for EigenDA to serve as the data availability layer for @EverclearOrg (previously Connext), a new @arbitrum Orbit L2 launched by @gelatonetwork that seeks to solve liquidity fragmentation across modular blockchains. https://t.co/LY2lQwj8nd
New research piece from @TheBlock today! How Everclear is building a decentralized clearing layer. 👇🔥 https://t.co/NP5QoUcrg3
🌐 Introducing the Broadband Era of Web3 with Celestia and Modular Blockchain Networks Join @IsmailKhoffi, co-founder & CTO of @CelestiaOrg, as he introduces modular blockchain networks and their role in unlocking abundant blockspace. Discover the profound implications for the… https://t.co/V1odGno5wS
Everclear is a NEW @Arbitrum Orbit ⛓️ L2, On 🟠 Gelato RaaS @EverclearOrg solves fragmentation by coordinating the global liquidity settlement between modular chains. For users to forget about underlying chains & infra Learn More ↓ https://t.co/5yy4rXMOEh
Research Unlock: How Everclear is building a decentralized clearing layer https://t.co/4ij5fUI46I
JUST IN: @LIGHTLINKCHAIN OFFICIALLY LIVE ON @CELESTIAORG MAINNET
Already preparing the arbitrum @CoWSwap decoder for @rotkiapp 🐮 https://t.co/YPauEzBaFX
It's only Wedneday, and it's been a crazy week in the world of @arbitrum: • @CoWSwap and @Karak_Network make their way to Arbitrum • @EverclearOrg, F.K.A. Connext, announces the launch of their own Orbit chain (With Gelato, Hyperlane, and EigenDA). Everclear pitches a novel…
Connext $NEXT announced its rebranding to Everclear Everclear is developing a “clearing layer” for intent-based bridges, which tackles challenges associated with the rebalancing and settlement of intents. #Crypto #BTC #Bitcoin #Ai https://t.co/0aGrs64CoA
We had a fantastic conversation with @DeFi_Dad on @edge_pod about Everclear and the Clearing Layer primitive. Lots of alpha in this episode - it's our *first* breakdown of the new system and strategy. 👀 If yesterday's announcement caught your attention, this is for you 👇 https://t.co/em6fsylXjW
Finally... Cowswap on Arbitrum 😃😃😃 https://t.co/M5p0PxWJwW
Here's @Figue_me live onstage from @ethbelgrade discussing how and why liquidity is essential in DeFi https://t.co/gGajwg6Stt
🗞 #Connext is now @EverclearOrg, the first Clearing Layer 🗞 The Everclear system is built as an @Arbitrum Orbit rollup (via @gelatonetwork RaaS) and uses Hyperlane with and @Eigenlayer ISM to connect to other chains 🔽 VISIT https://t.co/dL6hsrOygJ #ARB_Universe https://t.co/VaHa32it1a
💪 @TrueFiDAO is now live on @Arbitrum! 💪 #TrueFi is making credit more accessible, transparent, and programmable by bringing debt infrastructure on-chain 🔽VISIT https://t.co/Qsjmm8lvm5 #ARB_Universe https://t.co/6lCZnT3Y2O
⚔ @RariChain will be migrating to @CelestiaOrg ⚔ #Celestia is a modular data availability network that makes it easy for anyone to securely launch their own blockchain 🔽 VISIT https://t.co/2fuKaxroC4 #ARB_Universe https://t.co/arqv8W7gBw
🚨 Some Major news from yesterday🚨 - $Next Connext rebrands to Everclear, the first clearing layer to solve liquidity fragmentation and power chain abstraction - $ENA Solv BTCfi will integrate Ethena to launch a yield vault. Earn Solv Points, sUSDe yields and Ethena SATS -…
Congratulations @everclearorg for taking it to the next phase and we're happy to support Clearing Layer mission! 🤩 Everclear coordinates the global settlement of liquidity between chains, solving fragmentation for modular blockchains. https://t.co/lZHowZD6cN
✨ New @edge_pod 🌐 Everclear: DeFi's First Clearing Layer 0:00 - Intro 5:00 - Background building Connext 9:31 - Why DeFi needs a clearing layer? 12:00 - What is Everclear? 22:01 - Impact on solvers, MMs, CEXs, and users 25:40 - Decentralizing Everclear 29:19 - New use cases… https://t.co/alTB3GGqn8
First podcast about Everclear! 🎙️ Got a chance to break down the @EverclearOrg launch today on @edge_pod, especially what the first Clearing Layer will mean for this space. Huge thanks to @DeFi_Dad for having me and for the great questions! 😄🙏 https://t.co/s3SYoC0ine
🎙️ New @edge_pod on @everclearorg! Everclear will be DeFi's First Clearing Layer 💡 Why we need a clearing layer? 🤔 Coordinating flows among modular chains 🔓 How this will unlock chain abstraction 💥 Rebranding Connext to Everclear 🪙 What it means for $NEXT holders https://t.co/fQgwFMjrnH
Blockchain interoperability platform Connext just rebranded as @EverclearOrg: The First Clearing Layer. Here’s everything you need to know about Everclear and Chain abstraction 👇 Everclear is the foundation of the Chain Abstraction stack, optimizing liquidity for intent… https://t.co/r6YMOqMuQg
💡 TLDR: With DeFi's first clearing layer @everclearorg implemented, every single application, chain, and asset can eventually be accessed in a chain-abstracted way according to Everclear/Connext CoFounder @arjunbhuptani. https://t.co/JEZUFbpsYJ https://t.co/m08UxIi3Xb
A creator-first chain powered by @Arbitrum with @CelestiaOrg underneath ✨ https://t.co/diJztZBxvu
I've been following closely what @arjunbhuptani and the team at Connext (now Everclear) have been doing in the cross-chain space for many years now. Absolute experts in the field! Their Clearing Layer invention will be a huge efficiency unlock for L2 bridge operators! https://t.co/uiEUQTj2wS
🔥Connext is rebranding to @EverclearOrg to become a public good protocol that coordinates the global settlement of liquidity between chains. Instead of competing with the numerous cross-chain protocols in existence, cross-chain protocols can integrate with @EverclearOrg and cut… https://t.co/5t1O8eTZgj
Great work by the-team-previously-known-as-Connext. I know @RenzoProtocol is aggressively expanding to L2s and already incorporating elements of chain abstraction (stake from 5 different chains). Should be interesting to see how this addresses the liquidity fragmentation… https://t.co/vTZvcxLZVk
Super excited for this to go live later today! Will be the first time discussing Everclear publicly. Even I'm still getting used to the change, I accidentally say Connext a couple of times in here. 😅 https://t.co/TgpoqxRu2w
Love to see Connext (Everclear) move their Chain Abstraction stack to @hyperlane. We did all the hard interop research + development already. Save time on building messaging solution, tooling, infra, explorers. They can now just focus on their specialty: Chain Abstraction. https://t.co/jcl2Z3to6N
🔥 New @edge_pod coming today on the new grand vision for DeFi's "first clearing layer" powered by @everclearorg (formerly Connext)... 👀 https://t.co/B9zsbFwEar https://t.co/m08UxIi3Xb
Excited to support @EverclearOrg (prev Connext) on the launch of a new primitive in Chain Abstraction — Clearing Layers! 👏 Fragmentation is the #1 problem with the Modular Thesis today. We look forward to solving this together with Everclear as one of their early partners 🤝 https://t.co/ChP9LEMLc7
1/3 RARI Chain with @CelestiaOrg underneath ✨ We are thrilled to announce the upcoming migration to use @CelestiaOrg, the leading modular DA layer. https://t.co/NdQVWNuK9m
Everclear is a NEW Arbitrum Orbit ⛓️ L2 built On 🟠 Gelato RaaS. Everclear coordinates the global liquidity settlement between modular chains, solving fragmentation. Like VISA, instantly authorizing payments & aggregating transactions for final settlement. Learn More ↓ https://t.co/00Yb5FBPMG
🌟 @EverclearOrg (prev Connext) is redefining multi-chain liquidity! Powered by subgraphs on The Graph Network, Everclear's Clearing Layer lets bridges, MMs, and CEXs coordinate settlement with each other, unlocking Chain Abstraction for 1000s of rollups. Read more 🔽 https://t.co/Nx02DfVPiO
Connext Rebrands to Everclear, Tackles Blockchain Liquidity and Fragmentation in Arbitrum Orbit https://t.co/K9Yb3PNTfS
Connext is now rebranding to Everclear. Everclear is an Arbitrum orbit L2, launched with Gelato Network RaaS. It uses Hyperlane and EigenLayer to connect to other chains. Everclear coordinates the global settlement of liquidity between chains, solving fragmentation for modular… https://t.co/j5YFeEn6ao
We have been following Connext closely over the past couple months as they blew through $1B in TVL. Excited to dive into chain abstraction, intents and all things Everclear with a deeper piece in the next couple weeks @Kairos_res! https://t.co/YybaQnz4DI https://t.co/UTmXnAHBPU
Chain Abstraction is leveling up! Everclear is now using Hyperlane to connect their clearing layer to every chain. Modular Expansion. https://t.co/OzUqBa0UYc
Connext just rebranded to Everclear Everclear aims to solve modular chain fragmentation The modular thesis still strong but liquidity fragmentation is a problem for these chains Built as an Arbitrum Orbit, Everclear is the first clearing layer ie balances all intent related… https://t.co/b1v9wXK0EL
Congrats to our friends at Everclear on their rebrand! This helps our industry move another step forward in solving the current rampant PvP game that is leading to increasing liquidity fragmentation issues. Learn more 🔽 https://t.co/MMzRs856qr
Everclear. https://t.co/uvNk1Y7zGc
Congrats to the gigabrain team around @arjunbhuptani for announcing one of the most exciting L2s of the year, @EverclearOrg. Everclear coordinates the global settlement of liquidity between chains, solving fragmentation for modular blockchains. on @gelatonetwork 🟠 https://t.co/tsS4TkFHeG
Congrats to @everclearorg (formerly Connext) on the launch of Everclear! Everclear is a new Arbitrum Orbit L2 that introduces Clearing Layers, powering seamless liquidity and permissionless chain expansion for protocols building on them. Welcome to the Orbit Ecosystem! 👏 https://t.co/PxjIdjEroh
A new primitive emerges We have a new @edge_pod coming out today with @arjunbhuptani from @EverclearOrg to dive into "The First Clearing Layer" This feels like a very transformative new addition to the Chain Abstraction stack: "A helpful analogy is @Visa. When buying a… https://t.co/ld6zTUEyfu
A huge day for Chain Abstraction: Connext is now @everclearorg, the first clearing layer of Web3. TL;DR: • Coordination hub for interchain flows (similar to Visa in Web2) • Alpha mainnet coming in early Q3 • Expected to cut cost/complexity of rebalancing by up to 10x https://t.co/fZ0Wj7s3f1
Have been talking to Arjun and the team on Everclear. Chain fragmentation has been increasing and their Everclear offering will be pretty useful for fast bridging and chain abstraction. Connext has been working on the bridging liquidity problem for some time, and all the lessons… https://t.co/LQLbOsnRzl
Congrats to @everclearorg (formerly Connext) on the launch of Everclear! Everclear is a new Arbitrum Orbit L2 that introduces Clearing Layers, powering seamless liquidity and permissionless chain expansion for protocols building on them. Welcome to the Orbit Ecosystem 👏 https://t.co/PxjIdjEroh
. @MetaLeX_Labs client Connext is rebranding to Everclear! Catch up on their new ambitious vision 👇 https://t.co/iMc6JO3gVK
@MetaLeX_Labs client Connext is rebranding to Everclear! Catch up on their new ambitious vision 👇 https://t.co/iMc6JO3gVK
thanks to Everclear (fka Connext) for helping to solve modular chain fragmentation! they're introducing a new primitive called Clearing Layers, decentralized networks coordinating the global settlement liquidity between chains (like Visa's clearing & settlements between banks) https://t.co/RVy7vUybXe
Connext is rebranding to ✨ Everclear ✨ to become a public good protocol that coordinates the global settlement of liquidity between chains. Instead of competing, cross-chain protocols can integrate with Everclear and cut costs and complexity for all market participants. HUGE. https://t.co/w21zqjrmwZ
Connext is now ✨ Everclear: The First Clearing Layer ✨ Everclear coordinates the global settlement of liquidity between chains, solving fragmentation for modular blockchains. Learn more about Everclear and how it powers the Chain Abstraction Stack! 👇 https://t.co/dhWD5wBAnQ