In a groundbreaking move in the cryptocurrency landscape, Everclear, formerly known as Connext, has unveiled its cross-chain asset settlement integration with Mantle Network. This innovation aims to solve one of decentralized finance’s (DeFi) biggest hurdles: liquidity fragmentation. By enabling users to convert wrapped Ethereum (wETH) directly into Mantle’s mETH in less than 60 seconds without traditional bridges, Everclear is redefining blockchain efficiency.
Solving Liquidity Fragmentation with Advanced Technology
The blockchain world has long suffered from liquidity issues, as many identical assets exist across diverse networks in fragmented forms. This inefficiency often leads to higher costs and deters adoption among retail and institutional participants. Everclear’s infrastructure simplifies the process by netting cross-chain flows and rebalancing inventories, providing capital efficiency and eliminating slippage.
Seamless Cross-Chain Exchange
Through Everclear’s user-friendly platform, holding wETH on any supported chain, such as Ethereum, Arbitrum, Base, or Polygon, is effortless. Users simply select Mantle as their destination, and Everclear’s solver network executes the swap instantly. This ensures optimal pricing and fast settlement—all with zero slippage and reduced operational costs.
Why Mantle is Leading the Charge
Mantle is emerging as a key player in the blockchain liquidity space. The mETH Protocol, Mantle’s flagship liquid staking solution, has achieved a total value locked of $2.19 billion, making it one of the most prominent on-chain liquidity providers. Integrated with over 40 platforms, including Bybit and Ethena, Mantle focuses on creating a scalable and user-centric ecosystem.
A Stepping Stone to Mainstream Blockchain Adoption
This collaboration eliminates risks associated with traditional bridges, such as slippage costs and onboarding friction, making it easier for users to navigate multiple chains. Furthermore, Everclear already processes an impressive $400 million in monthly volume across major cryptocurrencies, catering to professional users including market makers and exchanges. With plans to expand to other ETH-based stablecoins and blockchain networks, this partnership marks a significant milestone for the DeFi sector.
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The collaboration between Everclear and Mantle represents a true breakthrough in blockchain technology, paving the way for a smoother user experience and promoting the mainstream adoption of decentralized finance.
