Multichain

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Eventos importantes señalados por la comunidad de DeFiLlama — lanzamientos del protocolo, exploits, cambios de gobernanza y programas de incentivos.

1. May 7, 2022
   UST depeg

Multichain is a Bridge protocol that moves assets and messages between blockchains, locking value on the source chain and minting or releasing a representation on the destination. It is deployed across 54 chains, including Binance, Ethereum, Polygon, Arbitrum and 50 other chains. The codebase has been independently audited (4 reports on file). DeFiLlama tracks 1 historical event for this protocol since 2022.

Multichain runs a multi-chain deployment, with smart contracts live on 54 networks. Roughly 90% of its on-chain value sits on just three networks (Binance, Ethereum, Polygon), so a fault on any one of them would affect a large slice of users. 4 public audit reports are linked from DeFiLlama, which is on the higher end of transparency for the DeFi sector — most protocols of comparable TVL publish far fewer.

Verified external resources for Multichain — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Multichain is one of 7 Bridge protocols Mantapex tracks in this category. Direct peers ranked by total value locked include WBTC, Coinbase Bridge, Binance Bitcoin, and 3 more. These peer protocols collectively secure 30,4 mil M US$ in deposits, giving you a frame of reference for whether Multichain's own TVL is at the top, middle, or tail of the category.

WBTC

TVL 8662,9 M US$ · 24h +0.07%

Coinbase Bridge

TVL 5443,4 M US$ · 24h +0.61%

Binance Bitcoin

TVL 5060,9 M US$ · 24h +0.14%

Hyperliquid Bridge

TVL 4541,3 M US$ · 24h +0.55%

USDT0

TVL 4242 M US$ · 24h +1.96%

JustCryptos

TVL 2442,9 M US$ · 24h +0.44%