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Everclear

Everclear

CLEAR
$0.0₄5461Up 0.00 percent($0.00)

Key Stats

Market Cap$48.67KUp 0.00 percent
Fully Diluted Value$54.62K
Total Supply1.00B CLEAR
Max Supply∞
Circulating Supply891.10M CLEAR
Launch Date2023-09-03
Built OnETH
Token StandardERC20
Smart Contract Address0x58b9…05E8
Decimal Places18

Everclear Information

Websites
www.everclear.org
Block Explorers
scan.everclear.org
Industries
Cross-Chain Infrastructure

Everclear Price Converter

EverclearCLEAR
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Everclear Markets

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InstrumentExchangeBenchmark DataPrice24h Change
EverclearKRW logo
CLEAR-KRW
CLEAR_KRW
coinone logocoinone
C
0.08000KRW
0.00%

Everclear Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
CLEARERC20ETH0x58b9cB810A68a7f3e1E4f8Cb45D1B9B3c79705E82023-09-03
NEXTERC20ETH0xFE67A4450907459c3e1FFf623aA927dD4e28c67a2023-04-04
NEXTERC20OP0x58b9cb810a68a7f3e1e4f8cb45d1b9b3c79705e82023-09-04
NEXTERC20POL0x58b9cb810a68a7f3e1e4f8cb45d1b9b3c79705e82023-09-03
NEXTERC20ARB0x58b9cb810a68a7f3e1e4f8cb45d1b9b3c79705e82023-09-03

About Everclear

Everclear (CLEAR) is a blockchain interoperability protocol that coordinates global liquidity settlement between chains, aiming to resolve fragmentation in modular blockchains. The CLEAR token is utilized for governance and incentivizing participants within the ecosystem.

Frequently Asked Questions

Everclear is a blockchain interoperability protocol designed to coordinate the global settlement of liquidity between chains, addressing fragmentation issues in modular blockchains. It serves as the foundation of the chain abstraction stack, integrating with intent protocols, solver networks, modular blockchains, and decentralized applications (dApps) to facilitate efficient transaction settlements.

The protocol enables permissionless expansion by allowing chains to be added through connections to transport protocols like Hyperlane. By netting bidirectional flows, Everclear reduces costs for users, solvers, and bridges. Solvers can programmatically choose their repayment methods, simplifying interchain rebalancing. Developers can deploy strategies for optimal netting and settlement as Solidity contracts on Everclear, earning a portion of solver settlement fees.

The transition from Connext to Everclear was undertaken to better reflect the protocol's evolving role as a global clearing layer for blockchain liquidity. This rebrand aligned with a broader technological overhaul aimed at improving scalability and efficiency across networks.

In December 2024, the Everclear DAO approved a migration from the NEXT token to the CLEAR token, introducing enhancements to the protocol's governance and incentive mechanisms. The transition included:

  • Automatic migration for NEXT holders on Ethereum Layer 2 networks.

  • 1:1 manual conversion for NEXT holders on Ethereum mainnet.

  • Vote-bonding incentives, rewarding solvers who contribute to transaction volume.

  • Fee-sharing system, allowing all stakers to receive a share of protocol fees.

The native token, CLEAR, serves multiple functions within the Everclear ecosystem:

  • Governance: CLEAR token holders participate in the decentralized governance structure, influencing protocol upgrades and decision-making processes.
  • Incentives: The protocol's vote-bonding system incentivizes solvers who contribute to the protocol's overall volume and includes a fee-sharing mechanism to reward all stakers for their governance participation.

Everclear was co-founded by Arjun Bhuptani, Rahul Sethuram, and Layne Haber. The team, one of the first to work on L2 research, has been focused on improving the user experience of Ethereum and the broader Web3 ecosystem. They believe in the transformative potential of decentralized networks in finance and in giving value back to users.