Back to News

Multichain Officially Launches On The Kava Network

Twitter icon  •  Published il y a 1 an  •  Hassan Maishera

The Kava Network team announced via Twitter on Monday that Multichain has officially launched on its blockchain.

The Kava Network team announced via Twitter on Monday that Multichain has officially launched on its blockchain. With this deployment, Kava users can gain access to ERC-20 tokens like USDT, USDC and DAI. Kava users can also bridge assets from the Ethereum and BNBChain blockchains directly to Kava. 

Kava aims to become the default DeFi platform by providing stablecoins and decentralized lending against all major crypto assets. KAVA is down by more than 7% in the last 24 hours and is trading at $2.456 at press time. 

Multichain, previously known as Anyswap, is a decentralized cross-chain swap protocol and bridge infrastructure. The Multichain platform supports multiple blockchains, which enables users to swap and bridge tokens across numerous chains on one platform.

MULTI, the native token of the Multichain ecosystem, is down by more than 5% in the last 24 hours and currently trades at $4.79.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.