Anyswap, the leading cross-chain bridge, will be the next generation of new Web3.0 bridge?
Data Sources:
Data Sources:Footprint Anyswap Dashboard (https://footprint.cool/PyCL)
In order to further highlight the product features, Anyswap officially launched the brand upgrade to Multichain on December 16 to improve brand influence and competitiveness, from focusing on asset cross-chain business to multi-chain asset interactive services, focusing on technological innovation, in order to become a Web3 .0 Ultimate Router is ready.
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Footprint Analytics:Anyswap TVL by Chain
Introduction to Anyswap
Anyswap, formerly known as Multichain, will adopt the AMM automatic price and liquidity mechanism before February 2021 to support most Token cross-chain transactions (including BTC, BNB, ETH, and USDT, etc.), but the transaction function will be canceled after February, focusing on For asset cross-chain business, with Fantom,TerraStablecoin UST cross-chain between Terra and Fantom mainnet.
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Footprint Analytics:Top 20 Protocols TVL Ranking
Reasons for Anyswap Brand Upgrade
As the types of official cross-chain bridges operated by various public chains increase, the status of Anyswap, which is developed by a third party and independently operates comprehensive cross-chain bridges, will gradually be threatened, and core technology innovation is a symbol of the sustainable development of DeFi. In order to make the brand With clearer positioning and better cross-chain services for users, Anyswap decided to upgrade its brand to Multichain and focus on cross-chain infrastructure.
The next goal of Multichain is to become the ultimate router for web3, an infrastructure developed for any cross-chain interaction, supporting multi-chain Token, NFT and general data cross-chain interoperability, providing a fast, safe, cheap and reliable way Inter-chain exchange of value, data and driving control.
Unmanaged and MPC (Multi-Party Computing) modes. MPC is a symbol of decentralization, dealing with multi-chain cross-chain bridges and smart contract methods on other chains;
No slippage swaps. Multichain's 1:1 swap enables users to perform 0-slippage transfers and eliminates hidden costs associated with AMMs;
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After the brand upgrade, the pass is changed from ANY to MULTI
Anyswap adopts a single-currency model, and there is only one token ANY. From the perspective of circulation supply, its current circulation supply is 18.64 million pieces and the maximum supply is 100 million pieces. The remaining uncirculated Tokens are locked in the contract. Among them, the overall circulation rate is not high, which is related to the development model of the project. From the launch to the present, ANY's token model has also undergone several adjustments.
The initial application scenario is only as a token for pure governance:
Use the vote on the supported main chain to decide whether to access;
Used to motivate Anyswap working nodes to provide stable and secure cross-chain services;
Used to vote on governance rules.
With the continuous development of the business, focusing on asset cross-chain business and deploying each main chain, the pure governance scenario of ANY has gradually become thinner. Announced the first Token repurchase and destruction mechanism in June, and stipulated that 20% will be used to repurchase and destroy ANY, entering the deflation mode, and then mainly used for pledge and voting in node elections.
According to Footprint Analytics, since the announcement of the new mechanism, the price of Token has shown a wave-like upward trend, rising from $2.02 on June 20 to a peak of $20.5 on December 15, an increase of 915%, and currently falling back to $18.94.
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Footprint Analytics: ANY Price & Volume Trends
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Footprint Analytics:ANY Market Cap Trend
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Screenshot source: multichain
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Screenshot source: anyswap interface before upgrade
According to the Multichain application function, the fund pool function is also one of the optimization and upgrades. It can visually see the chains supported by each Tokens, as well as the liquidity funds of users across chains to each chain. Currently, the largest cross-chain fund pools are Ethereum and BSC is the most active public chain in the currency circle.
With the above specific data information, it is convenient for users to use it as cross-chain reference data. For new users, they can distinguish the situation of emerging chains and Tokens, and analyze and evaluate potential opportunities and risks. In addition, new or old users shouldHow to choose the right bridgesecondary title
Multichain may play an important role in the cross-chain market
With the continuous development of the DeFi market, the transfer of user assets has become a "just-needed" problem. Under this background, cross-chain bridges have become a trendy field of DeFi, solving problems such as asset cross-chain and asset circulation for users, thereby improving the use of user funds. Rate.
Anyswap has become Multichain after three version innovations. It has experienced cross-chain assets to multi-chain asset interaction services, and has developed from custodial user assets to non-custodial directions. More high-quality new public chains have been integrated to form multi-chain seamless interactions, making products closer It has become an indispensable bridge in the decentralized cross-chain market to meet user needs while improving its brand influence and competitiveness.
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The above content is only a personal opinion, for reference and communication only, and does not constitute investment advice. If there are obvious understanding or data errors, feedback is welcome.
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Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy the zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.
About Footprint Analytics:
Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy the zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.
