Multichain – The Crosschain Communication Network

Launched in July 2020, Multichain (Previously Anyswap) is a fully decentralized cross-chain swap protocol based on Fusion DCRM technology, with automated pricing and liquidity system.

The network was initially created to service the needs of different blockchains enabling them to communicate with each other seamlessly. With the rapid advancement into Web 3, Anyswap sought to position itself as a leading blockchain network in providing a fast, secure, inexpensive, and reliable way to exchange value between DeFi chains. That is the main reason it adopted the  “Multichain” title.

Multichain’s seamless flow of value is backed by Fusion’s Decentralized Control Rights Management (DRCM), a product that enables the network to better manage token flow between networks. Today the network features its own Decentralized Exchange (DEX) and a native governance token called MULTI.

Number of Contributors

The Multichain network is kept safe and running by a team of dedicated developers using Github for source code management. The team’s lead developer is Mr Zhaojun who is also Multichain’s co-founder and CEO. Excluding merge commits and bot accounts, more than 4 other developers are contributing to different branches of the network’s source code. 

Under master or the “Cross Chain Router Protocol (CRP)”  there are 43 repositories. Six of these are pinned, signifying they are the most referenced and include Cross-Chain bridge, Anyswap-frontend, Anyswap-MPCNode, Cross-chain router, Anyswap edit and Brand assets. 

Multichain developers use Javascript, Solidity and Go to program. Other languages include Typescript and CSS.

Issues, Pull Requests, Forks, and Commits.

The level of engagement on the Multichain developer platform is remarkably striking. Issues raised are mostly hours or days apart signifying developers are committed to keeping the network’s health elevated.

As of 10/6/2022, in the past 30 days, the “Cross-chain Router” Repo which is one of the pinned repos has had 4 authors pushing 58 commits to main and 124 commits to all branches. On main, 115 files have changed and there have been 11,963 additions and 554 deletions. Since the repo was opened, it has had a total of 439 commits, 43 forks, 1 pull request and zero issues.

On the other hand, the CrossChain-Bridge repo which is based on Anyswap’s MPC network has had a total of 923 commits to its 21 branches since opening. 12 issues have been raised, 6 have been closed; 2 pull requests remain open with 19 being closed 107 repo copies have been forked. 

You can track more info on the network’s repos here.

Number of Releases

Several releases have been rolled out to boost Multichain’s performance and interoperability. Whereas there have been other releases in past years, some of the most important ones-interestingly-have come this year.

In April,  the network released “AnyCall,” a cross-chain Message Router Protocol that enables users to send cross-chain messages and contracts with just one transaction. The product is secured by Mult-chain nodes enabling users to send arbitrary data such as NFTs, smart contracts and tokes between different blockchains with just a single click.

In May, the network released two major products. First, there was the veMULTI mainnet on May 9th 2022, enabling MULTI holders to mint veMULTI NFT and giving them the authority to vote on Multichain community proposals. 

On May 24 2022, Multichain released “Fiver for Gas” a one-stop cross-chain gas swap that enables the direct swap from users’ DAI on source chain to gas tokens on destination chains. This feature promises smoother cross-chain transactions for users. 

Multichain Website: https://multichain.org/

Multichain Github: https://github.com/anyswap

PN: “This data is not final and may be updated from time to time”