Multichain

Multichain (MULTI), previously known as Anyswap, claims to be the ultimate router for [web3](https://coinmarketcap.com/alexandria/glossary/web-3-0) and has positioned itself as an infrastructure developed for arbitrary [cross-chain](https://coinmarketcap.com/alexandria/glossary/cross-chain) interactions. As claimed in their official documentation, Multichain offers solutions that enable nearly all blockchains to interconnect – regardless if it is EVM chains (e.g., [Avalanche](https://www.coinlive.com/coin/avalanche)), [Layer 2](https://coinmarketcap.com/alexandria/glossary/layer-2) chains tied to [Ethereum](https://www.coinlive.com/coin/ethereum) (like [Polygon](https://www.coinlive.com/coin/polygon)), [Parachains](https://coinmarketcap.com/alexandria/glossary/parachain) networks like [Moonbeam](https://www.coinlive.com/coin/moonbeam) on [Polkadot](https://www.coinlive.com/coin/polkadot-new), and so on. Multichain is a prominent name in the cross-chain space, with a rapidly growing network of 26 chains, with [Total Value Locked (TVL)](https://coinmarketcap.com/alexandria/glossary/total-value-locked-tvl) reaching highs of over $10.45 billion, and a sustained daily volume of over $100 million. However, the onset of the bear market and recent news of [Multichain CEO being uncontactable](https://coinmarketcap.com/alexandria/article/multichain-halts-some-services-as-ceo-is-awol) saw TVL dropping to $1.38B.