Everclear’s monthly clearing volume grew by 115% from June to July, reaching a new high of $523M! With a strategic investment from NEAR Foundation, Everclear is accelerating towards a $1TN clearing market. Here's our updated thesis! 🧵👇

2/ TradFi and institutions are embracing blockchain technology at an unprecedented rate, with recent additions such as @RobinhoodApp. While this is a great sign for the industry, liquidity fragmentation is going to increase 100x with the addition of even more chains and assets.

3/ Current interop solutions have their shortcomings: - Burn-n-Mint solutions do not work for all assets, with different token standards increasing this fragmentation. - Intents and Chain Abstraction are bottlenecked by liquidity and rebalancing, resulting in high interop costs.

4/ We've spent the last 5 years searching for the answer to liquidity fragmentation. After scaling to $1BN TVL with Renzo restaking, we realized that there is a huge amount of bi-directional flow between chains, with ±80% that can be netted within any given day.

6/ As the backbone of bridging, leading intent-based DeFi protocols plug into Everclear to rebalance funds behind the scenes, creating a seamless UX for their users. We support large sized transactions ($2.5M), and the lowest possible rebalancing fees.

7/ Everclear launched its Mainnet Beta in Sep 2024 with 5 chains, and since then has grown to $523M in monthly volume and processed over $1.2B. Now connected to 23 chains including Solana and Tron, Everclear will expand to 40+ chains by the end of the year.

8/ Everclear has integrated with major DeFi intent protocols such as: @AcrossProtocol, @lifiprotocol, @RelayProtocol, @ParticleNtwrk, @rhinofi, @hyperlane, @TokkaLabs, @yield, @puffer_finance, @garden_finance, @sprinter_ux and large independent solvers in the space.

9/ Since our Mainnet Beta launch, Everclear has improved its average settlement time from ±600 min to ±25 min in July. This was thanks to major protocol improvements and a greatly increased amount of liquidity (10x since January).

10/ Everclear’s biggest opportunity is in clearing CEX cross flows, and we're working on our first CEX integration that will go live soon. After hitting our recent milestone of $1B cleared across 23+ chains, our next stop is scaling intents to $1TN! The future is CLEAR! ⚪️

11/ Read more in the Everclear blog