Connext
Connext is a fast and secure modular interoperability protocol powered by intents, enabling crosschain transactions with target fees below 20 basis points and latency under 60 seconds. Now rebranded as Everclear, the platform inherits its security from canonical bridges to secure data and transactions across chains. Connext supports use cases including restaking from any L2, chain abstraction for building crosschain…
Funding snapshot
About
Connext is a fast and secure modular interoperability protocol powered by intents, enabling crosschain transactions with target fees below 20 basis points and latency under 60 seconds. Now rebranded as Everclear, the platform inherits its security from canonical bridges to secure data and transactions across chains. Connext supports use cases including restaking from any L2, chain abstraction for building crosschain applications accessible from any chain with any token, xERC20 for deploying crosschain-native tokens with zero slippage, and xAirdrop for distributing crosschain tokens. Its xCall primitive allows applications to interact with users, tokens, and other applications on any chain through an intuitive interface requiring just a few lines of code. The protocol supports major chains including Ethereum, BSC, Arbitrum, Polygon, Optimism, Base, and Mode, with additional chains in development. Connext enables diverse crosschain applications including DeFi protocols with crosschain liquidity, crosschain NFTs, and crosschain governance tooling. Founded in 2017 and headquartered in San Francisco, California, Connext has raised approximately $23.2 million in Series A funding from investors including Coinbase, Polychain, OKX, Hashed, ConsenSys Mesh, 1kx, Polygon Ventures, and IOSG Ventures.
Business model
Cryptocurrencies > Financial Services > Payments > Business Payments > Micropayments
Founders & team highlights
Founder with Prior Funding,
Serial Founder
Team background
College Wise > University of California (Los Angeles)
Institutional investors
Backed by funds in our directory
Latest coverage
No articles yet.
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