The edge that pays for itself.
Multichain (MULTI) Price
Multichain Price
DeFi Analytics
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| Gate | MULTI/USDT | 0.59 | 4.00 | 92.66 | 70,811.53 | 0.00 | cex | 5.00 | 7/9/2025, 6:23 AM |
| MEXC | MULTI/USDT | 0.11 | 8.70 | 36.73 | 60,001.18 | 0.00 | cex | 1.00 | 5/8/2025, 6:24 AM |
| Indodax | MULTI/IDR | 0.11 | 837.79 | 1,371.49 | 54,258.40 | 0.13 | cex | 214.00 | 5/8/2025, 6:29 AM |
| Kraken | MULTI/USD | 0.58 | 310.43 | 417.47 | 5,877.42 | 0.00 | cex | 143.00 | 7/9/2025, 6:23 AM |
| Kraken | MULTI/EUR | 0.58 | 315.80 | 48.15 | 941.10 | 0.00 | cex | 96.00 | 7/9/2025, 6:23 AM |
Multichain FAQ
Multichain (MULTI), formerly known as Anyswap, positions itself as a premier router for web3, serving as an infrastructure designed for arbitrary cross-chain interactions. According to their official documentation, Multichain provides solutions that facilitate the interconnection of nearly all blockchains, including EVM chains such as Avalanche, Ethereum-tied Layer 2 chains like Polygon, and Parachain networks such as Moonbeam on Polkadot. Multichain is a well-recognized entity in the cross-chain sector, boasting a rapidly expanding network of 26 chains. It has achieved Total Value Locked (TVL) peaks exceeding $10.45 billion, alongside a consistent daily transaction volume surpassing $100 million. Nevertheless, the emergence of the bear market and recent developments regarding the inaccessibility of the Multichain CEO have led to a decline in TVL to $1.38 billion.
Zhaojun serves as the Co-Founder and Chief Executive Officer of Multichain.
As detailed in its official documentation, Multichain seeks to address the issue of a single point of failure that arises when a single signature is employed to transfer assets or engage with smart contracts across chains. Multichain proposes the use of Threshold Signature Schemes (TSS) and the division of the security key as a solution. This approach is integral to Multichain's Secure Multi-Party Computation (SMPC) network. The SMPC network of nodes within Multichain implements TSS Distributed Key Generation, an algorithm specifically developed and fine-tuned by Multichain's engineers. Each node in this distinctive, selective network operates independently of the others to generate part of the private key necessary for transaction validation. None of the nodes can individually authorize transactions; nevertheless, they collaborate to fulfill this function. Notably, the key is never entirely reconstructed during the signing process, ensuring its security from interception as it remains separated into parts. By digitally signing transactions, the SMPC network is adept at managing asset accounts and smart contracts across numerous blockchains. This robust system enables users to perform a multitude of operations with ease and efficiency. Cross-chain bridges serve as connectors between two blockchains. When an asset needs to be bridged, it is transferred to a designated SMPC wallet address and securely held in a Decentralized Management Account on its original chain. This action on the destination chain activates a smart contract that mints tokens in a 1:1 ratio with those stored in the Decentralized Management Account, subsequently sending them directly to the user's wallet. The reverse process occurs when coins are withdrawn from the destination blockchain; they are burned prior to their rapid release onto the source blockchain by SNMP nodes. In addition to its distinctive SMPC network, as mentioned above, VeMulti is another notable feature of Multichain. VeMulti, which stands for vote escrow Multi, was introduced on May 9th, 2022. VeMulti functions as the governance system for multiDAO, rewarding MULTI stakers with veMULTI NFTs. These NFT holders possess the capability to initiate and support governance proposals through their voting mechanisms. The extent of rights and power is dependent on the amount of MULTI invested and the duration for which it is locked in the system.
Per the project's whitepaper, the total supply of MULTI is set at 100 million. The current circulating supply stands at 14,541,094, which constitutes approximately 15% of the total supply.
MULTI is an ERC-20 token deployed on the Ethereum blockchain, which is secured via the Proof-of-Stake (PoS) consensus mechanism. To participate in consensus and validate transactions, validators are required to stake 32 ETH. For more information about MULTI, please refer to Eulerpool.
MULTI is available for purchase on several centralized exchanges, including Binance, Coinbase, Kraken, and Huobi, among others. Additionally, it can be acquired on decentralized exchanges such as PancakeSwap (V2), SushiSwap, SpookySwap, and more. Stay updated with real-time MULTI prices using the Eulerpool mobile app.
Similar Cryptocurrencies to Multichain
Discover cryptocurrencies similar to Multichain and explore alternatives in the same category.