Everclear, a decentralized cross-chain clearing protocol that resolves liquidity fragmentation among different blockchains, today announced a strategic partnership with Solana, the second-largest blockchain by TVL, according to DeFillama. This collaboration enabled the integration of Everclear’s cross-chain settlement infrastructure with Solana’s blockchain ecosystem to help streamline asset migration on Solana across multiple chains.
Solana is a high-speed single-layer blockchain that powers internet capital markets, payments, and DeFi applications, enabling fast, secure, and affordable transactions.
Solana Scales Cross‑Chain Settlement Using Everclear’s Technology
With the tech integration above, Everclear infrastructure is set to address liquidity fragmentation within the Solana network by providing Solana with a unified liquidity access and seamless net settlement.
Everclear is a blockchain interoperability protocol with a specialty in solving fragmentation within blockchains. Its cross-chain clearing and settlement infrastructure resolves liquidity fragmentation for blockchains and Web3 applications. Its solver architecture and optimized routing enable automatic settlement and rebalancing of multichain asset movements, providing an efficient, chain-abstracted experience with real-time clearing.
The incorporation of Everclear’s cross-chain clearing and interoperability layer in Solana’s blockchain is a huge milestone for Solana. This integration means Everclear’s technology is set to enable chain-abstraction on Solana’s assets and simplifies cross-chain transactions across multiple blockchain networks.
This means that Solana users can now seamlessly bridge tokens (including USDT, BTC, ETH, and many other tokens of their choice) to any blockchain platform with zero slippage and efficient interoperability. This further implies that users can now swap crypto assets from Polygon, Base, Arbitrum, Ethereum, and several other chains directly into Solana in real-time without the cost and complexity of traditional bridges.
With this integration, Solana unlocks more opportunities for its users, allowing them to use any Web3 platform, asset, and blockchain with universal interoperability.
Optimizing Cross-Chain Liquidity and Web3 User Experience
The partnership between Solana and Everclear is crucial as the integration addresses significant hurdles that discourage the adoption and usage of crypto assets among institutional customers. The collaboration indicates continued maturity of the crypto ecosystem, as now assets can exist in many forms across different chains.
For instance, customers holding USDC on a blockchain network can struggle to seamlessly transfer funds to another chain where opportunities or yields are better. Everclear’s clearing and settlement architecture resolves this problem by netting multichain flows automatically, decreasing fragmented liquidity, and reducing transaction costs substantially.
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