Innovation and Development of Cross-Chain Intent Settlement Layer

In the current cryptocurrency ecosystem, the number of L1 and L2 networks has surged, making cross-chain asset transfers crucial. However, existing cross-chain bridging solutions face the triple dilemma of speed, cost, and decentralization. To address this issue, a new cross-chain bridging technology—Intention Bridge—has emerged.

How Intent Bridges Work

Intention Bridge has noticed that most cross-chain transaction volumes tend to flow back in a short period. This finding has inspired a new cross-chain trading method: achieving cross-chain transfers by swapping liquidity across chains, rather than traditional asset bridging. This approach can significantly reduce transaction costs.

However, perfectly matched trades are not common. Therefore, the protocol still needs to rebalance balances through traditional bridges, which is a time-consuming and expensive process.

Everclear's Innovative Solutions

To address the above issues, Everclear has proposed a standardized cross-chain clearing layer. Its core features include:

1. Deploy standardized contracts on each chain
2. Users can generate "invoices" for trading intentions.
3. Market makers can "balance" these invoices with each other.
4. Unclaimed invoices will undergo a Dutch auction.

This system benefits all participants:

• Blockchain networks can quickly integrate bridging solutions.
• Protocol can gain more order flow
• Market makers have more opportunities for execution intentions

Industry Cooperation and Development

Everclear has established partnerships with multiple rebalancers, liquidity staking platforms, and others. These collaborations not only help improve market efficiency but also provide users with better prices.

Mainnet Launch

As the first clearing layer to coordinate cross-chain order flow for global settlement, Everclear officially launched its mainnet on September 18. This innovative solution is expected to alleviate the fragmentation of liquidity in modular blockchains, bringing positive effects to the entire cryptocurrency ecosystem.

As more participants join this ecosystem, we can expect to see cross-chain transactions become more efficient, convenient, and cost-effective. The development of Everclear will open up new possibilities for blockchain interoperability, driving the entire industry forward.