Everclear is a technology company.
Everclear has raised $12.0M across 1 funding round.
Everclear has raised $12.0M in total across 1 funding round.
Everclear has raised $12.0M in total across 1 funding round.
Everclear's investors include 1k(x), CoinFund.
Everclear is a blockchain technology company building a cross-chain clearing and settlement protocol that addresses liquidity fragmentation across isolated blockchain networks.[3][4] Previously known as Connext, it enables permissionless connections between chains, netting bidirectional flows to reduce costs by up to 10x for users, solvers, and bridges while supporting customizable settlements and cross-asset swaps.[3][4] It serves blockchain developers, protocols, and DeFi ecosystems by simplifying interchain rebalancing, boosting capital efficiency, and expanding access to liquidity without operational overhead.[4]
Launched amid rising modular blockchains, Everclear powers chain abstraction—a vision for seamless asset and data flow across networks—positioning it as a foundational layer in the stack alongside partners like Near, UniswapX, and Socket.[3][4] Its growth momentum includes investments from Pantera Capital, evolution from an early Layer 2 solution in 2018, and recent innovations like Clearing Layers secured by Eigenlayer.[3]
Everclear originated in 2017 as Connext, founded by Arjun Bhuptani (Chief Researcher and co-founder, an early Ethereum developer focused on Layer 2 research) and Layne Haber (CEO and co-founder, a seven-year crypto veteran who co-created the Moloch DAO, one of the first DAO frameworks).[3] The idea emerged from recognizing blockchains as "isolated islands" of data and value, with new networks launching daily, necessitating trust-minimized bridges for asset flow.[3]
Pivotal moments include becoming the first real Layer 2 in 2018 and introducing the chain abstraction vision, culminating in the Clearing Layer primitive—a decentralized netting and settlement network for modular blockchains.[3] This evolution reflects the founders' pioneering roles in Ethereum scaling and decentralized governance, driving early traction through intent solvers and optimistic rollups.[3]
Everclear rides the chain abstraction trend, unifying fragmented blockchains amid modular designs and daily network launches that isolate liquidity and data.[3][4] Timing is critical as cross-chain interoperability becomes essential for DeFi scalability, with market forces like rising L2 adoption and Eigenlayer restaking favoring trust-minimized solutions over centralized bridges.[3]
It influences the ecosystem by enabling foundational liquidity netting, reducing overhead for solvers and protocols, and fostering inclusive networks that empower developers to build without chain-specific constraints.[3][4] As a bridge enabler, Everclear counters fragmentation costs, supporting broader adoption of multi-chain apps and positioning itself as infrastructure for the next wave of blockchain composability.
Everclear's Clearing Layer cements it as cross-chain infrastructure, with next steps likely expanding permissionless connections, deepening Eigenlayer integrations, and scaling partnerships for full chain abstraction.[3][4] Trends like modular blockchains, intent-based systems, and restaking will shape its path, amplifying efficiency gains as liquidity volumes surge.
Its influence may evolve into the de facto settlement hub, driving 10x cost reductions industry-wide and enabling seamless multi-chain economies—transforming isolated islands into a unified blockchain spectrum, as envisioned since 2017.[3]
Everclear has raised $12.0M across 1 funding round. Most recently, it raised $12.0M Series A in July 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2021 | $12.0M Series A | 1k(x), CoinFund |