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Everclear, a decentralized cross-chain clearing protocol that solves liquidity fragmentation for blockchains and digital assets, today announced a strategic partnership with Router Protocol, a cross-chain interoperability layer that connects Layer-1 and Layer-2 blockchains to allow contract-level data flows across them. The collaboration enabled the integration of Everclearâs clearing and settlement netting infrastructure with Router Protocolâs cross-chain infrastructure to deploy solver capital on Router Protocolâs network to unlock liquidity on the cross-chain ecosystem.
Router Protocol is a multi-chain interoperability platform that connects different blockchains, enabling seamless transfer of data and assets across various chains. In recent years, Layer-1 and Layer-2 blockchains have significantly increased in the Web3 landscape, aiming to address Ethereumâs scalability concerns. The increase of such networks means that most applications are now fragmented across such chains instead of being concentrated on a single protocol like Ethereum. This has led to a sequence of unconnected blockchain ecosystems functioning alongside one another, but closed from each other, an activity that hinders Web3 from reaching its full capability.
Router Protocol is in business to solve this on-chain fragmentation problem. By running its interoperability mechanism, it enables various blockchain networks to communicate and share data and applications with each other. Since its launch in July 2024, Router Protocol is now operational on 23 major blockchains (including Kava, Aurora, Avalanche, Arbitrum, Optimism, Polygon, BNB Chain, Ethereum, and many others), and continues to expand its presence.
With the partnership above, Router Protocol integrated Everclearâs clearing, netting, and automated rebalancing infrastructure into its cross-chain interoperability ecosystem to make multi-chain liquidity on its network frictionless (seamless) and unified. By enabling automated rebalancing for Router Protocolâs cross-chain bridges and solvers, Everclearâs cross-chain clearing and settlement netting technology allows Router Protocol to power seamless movement of data and assets across various chains.
In short, the incorporation of Everclearâs tech enabler, rebalancing mechanism, and chain abstraction enables Router Protocol to scale its on-chain composability services and efficiently respond to the increasing interoperability demands.
In July, Everclear recorded over $1 billion in transaction volume, a proof of its growth and continued support for increasing operations across many blockchains. With hundreds of appchains and new DApps launching, this shows rising demands for multichain interoperability and cross-chain clearing.
The collaboration above shows Everclearâs and Router Protocolâs commitment to addressing liquidity fragmentation across blockchains. Integrating Everclearâs cross-chain clearing stack further solidifies Router Protocolâs innovative multi-chain interoperability infrastructure that helps users to seamlessly transfer data and assets across multiple blockchain networks in a near-instant and cost-friendly manner. Together, Everclear and Router Protocol assist in building frictionless multi-chain liquidity in Web3.
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