Connext – trust-minimized crosschain communication
Connext – trust-minimized crosschain communication
In this episode, we dive into the current state of Connext with Founder & CTO Rahul Sethuram.
Connext(NEXT)Bridges
~$0.0394
24h:
-0.45%
7d:
-0.21%
30d:
N/A
180d:
N/A
ATH:
$0.4497
ATL:
$0.0136
Market cap (circulating)
$4.22m
N/A
Revenue (30d)
$0.00
0.00%
Market cap (fully diluted)
$39.50m
N/A
Revenue (annualized)
$0.00
N/A
Total value locked
N/A
N/A
P/F ratio (fully diluted)
N/A
N/A
Transfer volume (annualized)
$130.26m
-15.91%
P/S ratio (fully diluted)
N/A
N/A
Fees (30d)
$4.33k
-37.58%
Treasury
N/A
N/A
Fees (annualized)
$52.67k
-22.18%
Active users (daily) (30d average)
203.50
-29.0%
Core developers (30d average)
12.23
-2.7%
Code commits (30d sum)
46
-11.5%
About
What is Connext
Connext is a cross-chain liquidity network that enables fully non-custodial transfers between EVM-compatible chains and L2 systems. Connext was co-founded by Arjun Bhuptani, Rahul Sethuram, and Layne Haber and launched in 2021.
How does Connext work
Liquidity providers deposit funds into Connext and receive transfer fees from users (supply-side fees).
Who governs Connext
Connext team & investors own and govern the protocol. They do not currently take a cut of the total transfer fees paid by users (revenue).
Key metrics
Daily market cap (fully diluted) vs. daily fees in the past 180 days.
Metrics
| Growth rate | 24h | 7d | 30d | 90d | 180d | 365d |
|---|---|---|---|---|---|---|
| Market cap (fully diluted) | -5.8% | -4.9% | N/A | N/A | N/A | N/A |
| Fees | +26.5% | +31.6% | -37.6% | -37.2% | +46.4% | -83.1% |
Related resources
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