The current price of Multichain is $0.583473 in USD. As of now, a total of 100M multi are in circulation across the market. Multichain has experienced a price change of -1.74% in past 24 hours. To explore more cryptocurrencies, please visit here. messages.Over the past 24 hours, Multichain trading volume on crypto exchanges has reached $151K.
Description
Multichain (MULTI) on Ethereum was a protocol for cross-chain interoperability, originally launched as Anyswap in July 2020. It facilitated secure asset transfers across blockchain networks through a Secure Multi-Party Computation (SMPC) network. With services including bridging, routing, cross-chain messaging, and NFT support, MULTI served as a governance token within the ecosystem. In 2023, the project faced critical disruptions: CEO Zhao Jun was reportedly arrested in China, leading to infrastructure issues, and a subsequent security exploit resulted in the unauthorised transfer of $126 million. The protocol was shut down in July 2023, leaving the Ethereum-based MULTI token as a historical asset without active functionality.
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