Bitcoin, Ethereum, Solana, Avalanche, Polygon, Terra they are all disconnected separate blockchains. Transferring funds between them is a challenging but potentially lucrative business opportunity. I've mentioned before that I am waiting for a market leader in this field to emerge and I think we might be seeing that now.
Anyswap recently rebranded to Multichain and they've attracted $7 billion in TVL. They also have support and funding from some big names like Binance and Three Arrows Capital who valued the company at a $1.1 billion dollar valuation. The ANY token will migrate to the MULTI token with revamped tokenomics and a veMULTI model. Could this be the catalyst Multichain needs to become the market leader in cross chain transfers.