Name: Connext
SKU: NEXT
Price: 0.209888421258 USD

Connext is an interoperability protocol that enables fast, non-storage-related asset transfers between blockchains and contract work between EVM-compliant blockchains.Connext solves the lack or presence of small amounts of liquidity in L2 solutions and EVMs. In essence, in simple terms you could say it is a crosschain bridge. Just 5 weeks after launch, Connext NXTP has expanded to support 9 networks including Ethereum, Polygon, Arbitrum and Avalanche on the main network. Just look how many networks Connext supports today: Binance Smart Chain, Polygon, xDai, Fantom Opera, Arbitrum One, Avalanche, Optimism, Moonriver, Moonbeam. And they will also add support for Fuse, Celo, Aurora, Harmony, Evmos, Neon, Godwoken, zkSync, StarkNet.Deals take place in three stages:Auction: The user requests the desired route. Routers respond with bids containing commitments to complete the transaction within a certain time period and in a certain price range.Preparation: Once the auction is completed, the transaction can be prepared. The user sends a transaction to the TransactionManager contract on the sender's network containing the signed router bid. This transaction locks the user's funds in the sending network. Upon detecting an event containing their signed request, the router sends the same transaction to the TransactionManager in the chain on the recipient side and locks the appropriate amount of liquidity. The amount blocked in the receiving network is equal to the sending amount minus the commission, so the router is rewarded for completing the transaction.Execution: when a TransactionPrepared event is detected on the receiving network, the user signs the message and sends it to the repeater, which receives a sending fee. The repeater (which is usually another router) then sends a message to the Transaction Manager to complete the user's transaction on the destination network and claim the funds blocked by the router.If the transaction is not completed within a fixed validity period, it is cancelled and can be revoked by the originating user. In addition, transactions can also be unilaterally cancelled by the person to whom funds are owed on that network before the transaction expires.Benefits:High level of trust: Users are guaranteed that routers cannot escape with assets thanks to a blocking mechanism. Connext Non-Castodial Transfer Protocol (NXTP) is the only generalized interoperability solution that relies on its own validators. Bridges that rely on external validators are fundamentally less secure because users have to trust means and data to third-party verifiers.Scalability: Bridges that use the network's own set of validators to verify transactions have even stronger trust guarantees. However, they must be built individually for each pair of networks and cannot quickly add support for new ones like liquidity networks do. Connext can easily anboard new blockchains to its network and thus scale quickly to other ecosystems.Capital Efficiency: Bridges require validators to post collateral to provide services for the network, which is inefficient. This collateral must scale in proportion to the economic bandwidth of the bridge. For liquidity networks such as Connext, there is no upper limit to the economic bandwidth that the network can safely provide because capital blocking is not tied to their security model and takes place not at the validators, but directly at the sender and receiver side of the network.Superior UX: Because validation happens locally on liquidity networks, transfers between networks are fast. Connext allows users to perform direct L2-L2 transfers in real time and completely avoid huge fees.Rebalancing liquidity with arbitrage incentivesCrosschain volume is a key growth metric for liquidity networks. However, high volumes in one direction will quickly deplete liquidity in the other direction.To solve this problem, Connext dynamically evaluates liquidity using an AMM curve, mimicking AMMs with stable swaps such as Curve. The price of assets changes depending on the ratio of available liquidity in each network. The more unbalanced the liquidity, the greater this price difference and the impact on the price of the resulting asset.In other words, users pay a higher price to get assets in a more liquid network and a lower price to get assets in a less liquid network.This presents tempting arbitrage incentives for market makers who already take advantage of such features in AMMs such as Uniswap. With Connext's virtual AMMs, cross-chain arbitrage will also be possible.Connext currently has liquidity of $11 million and provides weekly volume of $31 million.Development using the SDKConnext is a basic protocol, similar to TCP/IP, which allows you to do the simplest things, such as inter-network transfers and contractual interactions. Connext is aimed at developers who can use the SDK to build their own solutions. Eventually, the protocol can be upgraded to more complex communication between networks, depending on what other tools are available and what networks communicate with each other. The first product built on Connext SDK is the bridge https://xpollinate.io/.

Building a Great Ecosystem

Tokenomics

Airdrop

Connext Foundation

Ecosystem & Strategic Backers

Early backers

Proxima Labs

Early Team & Advisors

Ethereum-based interoperability project Connext has raised $2.2 million in seed funding, led by Polychain Capital.With fresh capital at hand, Connext looks to seed the early network liquidity and expand its team to launch the full network, founder Arjun Bhuptani told The Block.A startup with a novel method for moving value between layer 2s and other blockchains has raised $12 million in a round led by 1kx and ConsenSys Mesh.Connext uses an approach to moving funds among different blockchains, sidechains and layer 2s that looks a lot like how automated market makers (AMMs) operate.Connext Labs raises $7.5 million at $250 million valuation to build the ‘HTTP of Web3’.

Connext

Connext is an interoperability protocol that enables fast, non-storage-related asset transfers.

Stay up to date with your assets.

Stay on top of the market by creating customized alerts sent directly to your Telegram or email.

Choose your Alert type

Add New {name} Alert

Edit {name} Alert

Alert me {freq} when {trackedItem} {condition}.

price{onExchange} is >= {currency}{value1} or <= {currency}{value2} or 24h trade volume increased by {volume}%

price{onExchange} is >= {currency}{value1}

price{onExchange} is <= {currency}{value1}

price{onExchange} is >= {currency}{value1} or <= {currency}{value2}

24h trade volume{onExchange} increased on {value1}%

Please connect your account to our Telegram bot to receive notifications

New price alert added

Total raised in USD value and total number of IDO/ICO/IEOs by month

Total raised in USD value and total number of IDO/ICO/IEOs by week

Total Raise and Number of Public Sales

Monthly raise and number of token sales including private rounds

Weekly raise and number of token sales including private rounds

Fundraising Activity

Token Sale Categories by Month

Top Launchpads Ranked by Average ROI

Funds Raised on Public Rounds by Blockchain

Number of Token Sales (IDO/IEO/ICOs) by Launchpad and Category

Top 15 Launchpads Ranked by Funds Raised

Number of Public Token Sales by Type

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

~ On {finalDate} the block reward will be reduced from 3.125 Bitcoin per block to 1.5625 Bitcoin per block

{name} Halving Price Prediction

{name} {type}

Funds and Backers

{value} Details

{fundingRound} {firstAnd} {value} {secondAnd} {launchpools}

To Be Announced

{name} Price $ {price}

{name} ({symbol}) Price $ {price}

{coinName} Price Today

{name} News

The {name} to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

{name} price Index provides the latest {symbol} price in US Dollars {delimiter} {btc_eth} using an average from the world's leading crypto exchanges.

supply of {name} that will ever be issued is {value} {of}

The current circulating supply of {name} is {availableSupply} {currencyType}, and the maximum supply of {symbol} is unlimited. 

Choose a convenient way to connect your EVM wallet.

Cryptocurrencies

Fiat Currencies

Tiers are assigned to funds according to the following quantitative and qualitative indicators: AUM, the weighted average of a fund’s projects’ quality (market capitalization, trading volume, ROI), fund management, media sentiment, experience, popularity, etc. The tier ranking does not in any way represent the forecasts, estimates, projections, or predictions of the Company or its management.

Score generated by TwitterScore.io based on the popularity of this account in crypto space

{exchangeName} {coinSymbol} Futures Total Open Interest & Volumes

{exchangeName} {coinSymbol} Futures Daily Market Share %

Here you can find a token or a trading pair on decentralized exchanges

DEX Exchanges by Aggregated {interval} Volumes

Due to the increasing number of fraudulent Discord servers, always double-check the authenticity of every Discord server through the project's website or other reliable sources. Do not sign suspicious transactions and do not share your private key with anyone.

It looks like the page you're looking for does not exist.

The requested page was not found

Exchanges Analytics

Share exchanges analytics

Do you have some feedback?

Use filtering to find the cryptocurrencies you need

{followersNumber} {coinName} Followers

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Projects which received investments from {name}

Total funds raised and total number of funding rounds by month

Total funds raised and total number of funding rounds by week

Crypto Fundraising Trend

Create your Preset using Filter settings.

HeatMap

Share market state

Color represents price change. Size represents market cap.

All cryptocurrencies

The Rank is calculated as TGE Number weighted average ROI. In more detail, the rank is calculated as the ratio of the average ATH and Current ROI of all TGEs conducted on the particular platform to the total number of TGEs conducted on the fundraising platform.

Only TOP 10 by ROI platforms with at least {count} IDOs conducted are shown in the report.

Where number in brackets (NUM) shows number of IDOs conducted.

Only platforms with at least {count} IEOs conducted are shown in the report. Where (NUM) - number of IEOs conducted in braces

Most Volatile

Unusual Volume

New High (ATH)

New Low (ATL)

Top Gainers

Top {coins} {type} with more than USD {volume} total volume over the last {period}

Top Losers

{name} Launchpad

Selected Layout Settings

Please choose metrics to view from the list below

You can spend your Spaceships on NFTs, discounts, or promo codes

Complete daily quests to earn more Spaceships

Get Daily Bonus

Check-in everyday and complete tutorial and daily tasks to get maximum Spaceships

or download our APK

Scan QR code to get download link specifically for your mobile platform

Mobile CryptoRank App

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Select Websites channels that you want to add to Cryptonews feed

Select Sources

Related News

Search Results for: 

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

Try again with a different term

No results for “{query}”

Create customized alerts sent straight to you via the CryptoRank app, Telegram, or Email. Alerts can be set for every coin we have listed!

Discover recent crypto fundraising rounds of upcoming projects and follow portfolios of top funds

Explore their upcoming sales and compare main features and past performances

You can also create a manual portfolio and add assets yourself. Portfolio analytics is available in the same form as in the tracker

Analyze ROI, price action, and other key IDO metrics using the largest token sale database

Simply add your crypto wallet addresses to track the performance of your portfolio. Fast and secure

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Current and ATH Average Returns Table

Share current and ATH average returns table

Less

More...

Share Chart Screen

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

Create your Preset using Layout and Filter settings.

Customize table using Layout settings

Layout & Filters

Filters

Layout

Use CryptoRank.io data widgets to get the latest information about the cryptocurrency market. Just set up, copy and paste the iFrame code on your website.

Create the Crypto Widget for your website in a few clicks

Analyze a price difference for %name% pairs between different exchanges and markets to find the most profitable chains

Connext NEXT

Connext Arbitrage