Will AnySwap be the next Web3.0 bridge after the rebranding?

To strengthen the characteristics of the product,AnySwap announced the revised plan for Multichain on December 16., from heritage across industries to multiple asset trading, focusing on technology development and improving the impact and brand competitiveness through planning has become the ultimate router on Web3.0.

According to new data from Footprint Analytics, AnySwap Total Volume Closure (TVL) rose 273%, from $ 1.5 billion on October 6 to $ 5.6 billion on October 11. Currently, TVL is stable. , and the security of the AnySwap platform is closely linked to the cross-market of large assets created by several public channels, allowing communication and transfer of assets of several public channels. .

Footprint analysis: AnySwap TVL by channel

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About AnySwap

Multichain is led by AnySwap, which acquired AMM's tariffs and automatic upgrades before February 2021 to support most cross-token chains (including BTC, BNB, ETH, USDT and others), but l activity will be suspended after February. , has partnered with Fantom, Polygon, xDAI, Avalanche and other cross-chain real estate companies to support the integration of Terra's stable UST currency between Terra and the Fantom Mainnet.

Currently, AnySwap's TVL ranks 15th across the network, supports 27 assets on the chain, and has 1,194 tokens, making it a leader in network connectivity. Brand Upgrade Multichain lays a solid foundation.

Source of screenshot: multichaîne

Footprint analysis: Top 20 TVL grading protocols

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Vim li case AnySwap brand upgrade?

As the number of upper decks operated by public chains increased, AnySwap, the bridge over the chain link chain was designed and operated independently by third parties, will be threatened and new technologies are a symbol of sustainable development. Challenge. In order to provide clearer location and better impact of services to users, AnySwap decided to focus on extension chains and improve product performance for multiple chains.

Multichain's next goal is to become the ultimate router for Web3, a hardware upgrade designed for all network interfaces, supporting seamless integration of tokens, NFTs, and general application of various chains, which makes it fast, secure, inexpensive and reliable. one way. Disseminate driver value, data and screening rights throughout the chain.

- Non-surveillance and multi-party secure computing (MPC) mode. MPC is a symbol of decentralization, holding multiple connected chains and smart contracts through different chains.

- No slideshows. Multichain's 1: 1 swap allows users to perform slip-free transfers and eliminate hidden values ​​with AMM.

- Multi-channel router. Multi-chain routers allow users to switch between two chains, reducing costs and operating costs and making it easier to move between chains.

After changing the objective, the token was converted from MONEY to MULTI.

AnySwap accepts standard currency with a single ALL token. According to worldwide shipments, the current stock is 18.64 million and the maximum stock is 100 million. The rest of the unprocessed tokens are closed only in the contract. Not all visits. the price. From the high profile related to the development of the project to the present day, the MONEY token model has also undergone many changes.

The first application scenarios were only pledges of pure administration.

- Use ballots on key chains to determine entry.

- Used to support AnySwap operations to secure and secure services across.

- Used to vote on administrative law.

With the continuous improvement of the industry, focusing on the assets in the whole industry, and all the keychain is the keychain, the money management system has gradually passed. In June, the first signs of redemption and destruction were announced, with 20% formalized for the redemption and destruction of MONEY entering deflationary mode, mainly used for pledges and voting in group elections.

According to Footprint Analytics, after the announcement of the new standard, the token price rose 915% from US $ 2.02 on June 20 to US $ 20.5 on December 15, indicating an increase and currently it is dropped back to US $ 18.94.

In the past four months, cash volume has grown by more than $ 15 million to $ 30 million, reaching all-time highs of $ 200 million on December 4. Binance announced AnySwap (ANY) on the same day, and for Money / BTC, Money / On the BUSD and Money / USDT markets, consumers can pay money at a fixed price, resulting in an increase in market volume. .

Footprint analysis: all cost and volume trends

A market value increased before and after the name update and now stands at $ 327 million. Market price represents the market value of a project in the DeFi industry, which is often affected by the price of the token and the number of tokens in circulation and marketed.

Footprint analysis: all trends in business capitalization

After product development, the managed token will change from MONEY to MULTI, and the token exchange will be initiated by ALL holders by smart contract and will be traded according to ALL: MULTI = 1: 1 piv. , and a new token logo opened.

Source of screenshot: multichaîne

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What will the cross-chain experience look like after a brand upgrade?

The AnySwap team announced the new website on December 16., the first two roles of the bridge crossing and multiple links are integrated into multiple connections to provide seamless integration of the chain links. To make a decision, all you need to do is focus on your own device switching rules and work to achieve the integration of the tools you need that you want. It will improve the overall user experience.

Identify the changes after upgrade from the following scenarios:

1. After installation: Assuming user want to traverse Polygon chain from BSC using 12 USDT, multiple chain link jobs can run through chain. The actual price of Ploygon oil minus 0.9 USDT is 11.1 USDT USDT and cannot be used for the entire interactive process. 5 minutes.

Source of screenshot: multichaîne

2. Assuming the same operation before compare and modify, users should understand the functionality of AnySwap. Whether you choose a chain bridge connection or a multiple router connection, what are the two good for? Do you support users with tokens? This is also an issue that many groups need to consider for users, prioritizing user experience, and meeting user needs in a simple and convenient way.

Source of screenshot: AnyAwap interface before update

As the use of multiple chain functions, the investment of the pool is also one of the most improved, so you can see the chains supported by each token and each person. Use chain links for each chain. The financial institutions are Ethereum, and BSC is the beneficiary, it's the biggest chain in the world.

The above special information makes it easier for users to use as a data connection, new users can know the difference between the appearance of strings and tokens, and identify and assess potential and risk factors. In addition, new or current users choose which type of bridge can be determined by many factors, such as height and size of TVL, safety, visibility, market pressure, competition over time and the cost.

Multichannel can play an important role in cross-border trade

With the continuous improvement of the DeFi market, the exchange of consumer assets has become a "tight demand" problem. In this context, the cross chain bridge conforms to the differences of DeFi and solves the problem of chain and treasure cut. Improve the use of funds by making changes to users.

AnySwap went through our new development to be Multichain. From asset crossing to the integration of multiple assets, from user-private supervision to unsupervised development, experience of integrating the new chain of public goods, designed more chain. The seamless interconnection of the chain, bringing the product closer, while improving the type of interconnection and competition, has become an important bridge in the intersectoral industry.

Following the enactment of the Multi-Channel Reform, parties can control the prestige of the reform through other means such as promotional giveaways, AMA activities, or advertised participation. Let's wait.