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Multichain Stock

Multichain

MULTI

Price

0.53
Today +/-
+0
Today %
+0 %

Multichain Whitepaper

  • Simple

  • Expanded

  • Experte

Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
GateMULTI/USDT0.59492.6670,811.530cex57/9/2025, 6:23 AM
MEXCMULTI/USDT0.118.736.7360,001.180cex15/8/2025, 6:24 AM
IndodaxMULTI/IDR0.11837.791,371.4954,258.40.13cex2145/8/2025, 6:29 AM
KrakenMULTI/USD0.58310.43417.475,877.420cex1437/9/2025, 6:23 AM
KrakenMULTI/EUR0.58315.848.15941.10cex967/9/2025, 6:23 AM
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Multichain FAQ

What is Multichain (MULTI)?

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.

Who Founded Multichain?

Zhaojun serves as the Co-Founder and Chief Executive Officer of Multichain.

What Distinguishes 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.

What is the Current Circulating Supply of Multichain (MULTI) Coins?

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.

How is the Security of the Multichain Network Ensured?

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.

Where can you purchase Multichain (MULTI)?

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.

Investors interested in Multichain are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.