Price change (24h):
0.11%
High (24h):
$0.089609
Low (24h):
$0.085452
Volume (24h):
$1.57K
Market Cap:
$0
All Time High:
99.74% $33.64
Jan 14, 2022
All Time Low:
9% $0.08
Jun 12, 2026
85.04 %(1Y)
$0.086845
Price change (24h):
0.11%
High (24h):
$0.089609
Low (24h):
$0.085452
Volume (24h):
$1.57K
Market Cap:
$0
All Time High:
99.74% $33.64
Jan 14, 2022
All Time Low:
9% $0.08
Jun 12, 2026
Multichain (MULTI) is a cryptocurrency launched in 2021, emerging from the rebranding of the Anyswap protocol to serve as the governance token for a decentralized cross-chain router.
The project operates as an interoperability backbone connecting 27 public blockchains, including Ethereum, BNB Chain, Avalanche, Polygon, Fantom, Arbitrum, and Moonriver. More than 1,000 crypto assets traverse its bridge infrastructure, locking a total value that has surpassed $5 billion across over 300,000 users. It directly addresses the liquidity silo problem by enabling trustless asset transfers between chains without relying on centralized custodians.
Multichain operates on the Ethereum network.
The native MULTI token deploys as an ERC-20 asset on Ethereum and appears as a wrapped representation on several other chains—such as Avalanche, Moonriver, Polygon, and Arbitrum—through its own bridging mechanism. The router protocol facilitates swaps by locking original assets in smart contracts and issuing equivalent wrapped tokens on the destination ledger. Cross-chain communication is secured via a decentralized network of node operators that validate state proofs across disparate consensus environments, supporting EVM-compatible and non-EVM virtual machines alike.
The project’s origins lie in Anyswap, a decentralized exchange protocol that pioneered early cross-chain swaps before it rebranded to Multichain in late 2021 to reflect a broader routing vision. No single founder is identified publicly; instead, the initiative attracted backing from major venture firms such as Sequoia Capital, Binance Labs (now YZi Labs), Circle Ventures, DeFiance Capital, and the now-defunct Three Arrows Capital. From its beginnings as a simple token bridge, the platform expanded into a multifaceted router managing billions in transfer volume by the time of its peak TVL in 2022.
The long-term objective of Multichain is to function as the definitive interconnection layer for Web3, where any digital asset can flow across any blockchain without friction. By abstracting the technical complexities of cross-chain execution, it seeks to collapse the operational distance between disparate decentralized applications, creating a composable financial environment that treats the entire multi-chain ecosystem as a single addressable market.
MULTI tokens constitute the governance apparatus of the Multichain router protocol, entitling holders to vote on integrations of new blockchain networks, fee parameters for bridge operators, and upgrades to the underlying smart contract system. This token-weighted voting mechanism ensures that the evolution of the bridge infrastructure remains aligned with the preferences of its decentralized community, without a central coordinator.
Validators and bridge operators must hold MULTI to participate in the consensus process, directly tethering their economic stake to the security of cross-chain transactions. DeFi builders and liquidity providers employ MULTI to propose and vote on grants or parameter changes that govern transaction routing logic. Any project wishing to add a new chain to the router must engage the governance framework, where the quantity of staked MULTI determines the outcome of integration proposals.
Multichain has a maximum supply of 100,000,000 tokens. Currently, 14,541,093.56 MULTI are in circulation. With a market capitalization of $2,804,683.90, Multichain ranks #1,450 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 07/07/2026 | $0.09 | $0.09 | $0.09 | $0.09 |
| 06/07/2026 | $0.09 | $0.09 | $0.09 | $0.09 |
| 05/07/2026 | $0.09 | $0.09 | $0.09 | $0.09 |
| 04/07/2026 | $0.09 | $0.09 | $0.09 | $0.08 |
| 03/07/2026 | $0.08 | $0.09 | $0.09 | $0.08 |
| 02/07/2026 | $0.08 | $0.08 | $0.09 | $0.08 |
| 01/07/2026 | $0.08 | $0.08 | $0.08 | $0.08 |
| 30/06/2026 | $0.08 | $0.08 | $0.08 | $0.08 |
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