The Problem

There are 63 rollups live today (and a total of >370 chains) and that number is growing exponentially. This has created widespread fragmentation of liquidity & UX.

The stablecoin explosion—are you ready to use 1000s of different digital versions of USD? Upcoming de-regulation means soon we’ll see this become a reality: imagine using hundreds of different versions of USD that lacked interoperability between major banks.

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Existing interoperability solutions have shortcomings!

There’s a drawback to Messaging Protocols & Burn-n-Mint standards, even though they can provide zero bridging fees:

• Can natively mint only a limited set of assets on limited number of chains (eg. you can’t burn ETH or SOL).
• Compete with reach other thus creating a further fragmentation: CCTP vs OFT-based USDe vs NTT-based USDN vs OpenUSDT and so on.
• Latency constraints mean taking minutes to execute, as well as finality risks. There are interesting solutions such as collaterization (CCTP) but it can’t be instant.
• Failure of even ONE messaging protocol can be extremely damaging to the entire space (present systemic security risks). Open interoperability frameworks with elevated security such as Hyperlane and Wormhole’s NTT are the way to address it.

Everclear introduced Chain Abstraction via intents - which does solve for latency and asset support, but it doesn’t come without it’s own certain challenges:

• Liquidity requirements for intent bridges and solvers are growing exponentially alongside the increase of chains and assets supported. Promising solutions such as Nomial are aiming to solve this by creating crosschain lending pools.
• Solving is a complex process, requiring finesse in engineering and operations - this has lead to centralization where most of the top-10 solvers are bridge-associated (intents.makets). But the situation is improving, with the Open Intents Framework, ERC-7683 and next-gen solvers such as Sprinter!
• The true hot potato: rebalancing and intent settlement, which one layer of the stack throws to the next! As a solver or intent protocol, you are constantly settling user funds which is complicated.

• As solvers operate on very thin margins of 1-3bps (0.01%-0.03%) and liquidity is incredibly fragmented crosschain - this process can be very complicated. Using a mix of CEX withdrawals, canonical and 3rd-party bridges to rebalance can sometimes be incredibly expensive for solvers (L1<>L1 or L2<>L2 transfers can easily cost 10+bps).

Everclear Insight

When you zoom out and look at the global flow of funds between blockchains, you find that over 80%(!) of it can be netted. This means we are sending >5x more volume through bridges and CEXs than we need to!

So what’s missing to capture this enormous opportunity? A unified clearing and settlement layer - coordinating liquidity movement between chains. Emerging decades ago in traditional finance, networks like Visa and SWIFT connected fragmented banking systems; allowing money to flow across institutions without each bank needing bilateral relationships with one another.

Visa, for example, provides global clearing services so that when you use a credit card, your bank and the merchant’s bank don’t individually settle that payment in real time – instead, transactions are netted and settled in batches behind the scenes.

The Solution

Everclear is the first crosschain clearing and settlement protocol, purpose-built to tackle this problem.

Full Mainnet is now live! After successfully completing a 6-month beta, Everclear has established itself as ‘The backbone of bridging’.

Everclear operates as an L2 liquidity marketplace, matching and netting-off deposits coming from different chains.

Everclear’s key benefits for Intent Bridges, Solvers and CEXs include much higher margins because of the incredibly low rebalancing cost-basis (e.g. <1.5bps to rebalance on Everclear), access to unique pathways and assets (e.g. Blast → Mainnet) and expanded chain support such as Solana<>L2 rebalancing - with Tron coming next!

Progress Since Beta

Chain Expansion: The protocol grew from 5 EVM chains to 18, with Tron, Hyperliquid and MegaETH on the way.

Volume Surge: Jumping from $5M in January to nearly $125M in March, we have already 25x in Q1!

Ecosystem and Users: Everclear has built a robust and thriving ecosystem; integrated with key DeFi partners & protocols.

1. Solvers like Tokka, Sprinter and Aori rely on Everclear to optimize their capital usage.
2. RhinoFi, Router Protocol, and Relay use Everclear to rebalance assets efficiently, reducing price slippage and removing liquidity bottlenecks.
3. Chain Abstraction and Intent protocols such as Particle are also using Everclear for rebalancing!
4. Token issuers such as Puffer are turning to the xERC20 standard to expand across chains without suffering from slippage or vendor lock-in.
5. Ecosystem includes variety of DeFi and crosschain protocols including Hyperlane, Li.Fi, Across, Polymer, Arbitrum, Gelato, Anoma, Eigen Layer and others

Buybacks

• Everclear’s native token powers the incentive and governance layers. Starting now, the Everclear DAO will deploy 75% of the fees to quarterly buybacks of $CLEAR, using protocol revenue to drive sustained demand while also rewarding ecosystem participants. Read more here.

Mainnet Today

Today, Everclear is announcing Full Mainnet alongside the expansion to Solana and first of its kind campaign: zero rebalancing fees for the top-4 EVM chains. This means users can permissionlessly rebalance with the cheapest possible fees in the space.

Solana Launch

1. Solana expansion marks an important milestone on the journey of interconnecting all L1s.
2. Solvers and intent protocols can now reliably rebalance between Solana and EVM chains at very low costs

Zero-Fees Campaign: users can rebalance WETH and USDC across Ethereum, Base, Arbitrum, and OP Mainnet completely fee-free within the following limits:

1. WETH: 0% protocol fees on transfers between Ethereum, Base, Arbitrum, and OP Mainnet (including L2 ←→ L2). Limit: 100 WETH per transaction.
2. USDC: 0% protocol fees on transfers across the same routes. Limit: $50,000 USDC per transaction.
3. In the endgame we believe that bridging should be free, that’s why this campaign marks another milestone.
4. Our netting technology is the way to achieve this as when transfers net-out, it means bridging is free. This campaign gives a glimpse into the future where this difficult fragmentation problem will be solved.

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Join Everclear

The future of cross-chain settlement is taking shape - and Everclear is right at the center of it. With more chains, more users, and more efficient liquidity flows, seamless rebalancing and netting are now a reality for solvers, bridges, and the entire ecosystem.

For $CLEAR holders, this momentum translates directly into value - through buybacks, staking, and governance.

The future is CLEAR.

Join us for the future of crosschain in our Telegram Community.