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Multichain Goes Live on NEAR With Over $30M in Initial Liquidity for Cross-Chain Interoperability

Multichain· 3 min read

We are thrilled to announce our integration with NEAR Protocol, opening the door for thousands of users and developers to interact with the NEAR ecosystem seamlessly and freely with 0% cross-chain fee charged. This integration enables USDT, USDC, wBTC, among others, to be bridged between NEAR and 15+ chains, including Ethereum, Polygon, BNB, Arbitrum, and Avalanche, among others.

The combined initial liquidity between NEAR side and EVM chains side is currently over $30M, with around 21M USDC, 9.5M USDT, and $200k wBTC. The USDT deployed on NEAR is the native USDT issued by Tether and the USDC deployed is the Rainbow bridge version of USDC. Additionally, the $NEAR token can be transferred between NEAR Protocol and Ethereum. The token addresses on NEAR Protocol are the following:

USDC: a0b86991c6218b36c1d19d4a2e9eb0ce3606eb48.factory.bridge.near

USDT: usdt.tether-token.near

NEAR: mpc-multichain.near

wBTC: 2260fac5e5542a773aa44fbcfedf7c193bc2c599.factory.bridge.near

AURORA: aaaaaa20d9e0e2461697782ef11675f668207961.factory.bridge.near

WOO: 4691937a7508860f876c9c0a2a617e7d9e945d4b.factory.bridge.near

How to Bridge

Follow this link — Multichain cross-chain Router — to access the bridge.

Connect to the specific chain you want to bridge your funds from, ie. Ethereum, BNB, Avalanche, etc.

Select NEAR mainnet as the destination chain and the desired asset, and paste your NEAR address below in the Recipient section.

Approve the asset to be bridged on the EVM chain and click on swap.

Connect your Sender Wallet, which needs to have a small amount of $NEAR to cover some storage costs. We are currently working on a faucet for new users and on adding more wallets.

Now there will be a pop up that asks you to deposit 0.0125 $NEAR as a fee for storage costs. You only need to do this the first time you interact with the bridge from your wallet.

Review and confirm the transfer.

Embark on a fast, secure, and free bridging journey! Please note that free cross-chain travel is only available for one month.

Further development

Multichain’s mission is to build a multi-chain ecosystem where a billion people can freely roam among the Web3, and the addition of NEAR Protocol to the Multichain ecosystem takes us one step further to achieve that goal. These are the next roadmap items you can expect from Multichain and NEAR:

As demand to bridge to the NEAR ecosystem grows, we will be adding more liquidity and unlocking larger cross-chain transactions.

We are currently working on implementing Wallet Selector, a selector modal that allows users to interact with NEAR dApps with a selection of available wallets.

Liquidity for $ETH.

Ref Finance, the largest DEX on NEAR, will integrate anyCall, the cross-chain messaging protocol developed by Multichain that allows messages to easily interconnect across various chains to enable better liquidity accessibility.

Stay tuned!

About Multichain

Born as Anyswap on July 20th, 2020, Multichain is positioned as a decentralized cross-chain router to address the clear need for distinct and diverse blockchains to communicate with one another.

Multichain promotes interoperability across different networks and actualizes smooth asset and value transfers as a cross-chain architecture. In addition, Multichain also powers the seamless data or message transmission across chains by anyCall, enabling the building of cross-chain Dapps.

Multichain is the leader in the cross-chain sector, with a constantly growing family of EVM and non-EVM chains (currently 76) and deployed bridges (currently 3,000+). Multichain, working hard to push the boundary of multi-chain, envisions being the ultimate router for Web3.

About NEAR

NEAR is a high-performance blockchain built without limits. Designed to be super-fast, incredibly secure, and infinitely scalable, NEAR allows anyone to build at scale and deploy at pace. NEAR’s vision is to create a network that enables people to reimagine finance, creativity, and community in new and inclusive ways. With NEAR, blockchain mass adoption is possible. NEAR is built by an award-winning team of engineers and entrepreneurs to be simple to use, inclusive and good for the environment. NEAR is backed by top VCs such as A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures.

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