thenewscrypto.com
- Shimmer announces its partnership with Multichain.
- MULTI’s trading volume increased by 271.85% in the last 24 hours.
The Multichain (MULTI) token witnessed a massive increase in trading price for the last few days. MULTI’s trading price surged by 14.52% in the past 24 hours, while the global crypto market is down by 0.59%.
MultiChain (MULTI) is a decentralized platform that enables the creation of custom blockchain networks. It is built on the Ethereum network and allows for the creation of interoperable blockchains that can communicate with each other. The platform is designed to be scalable and efficient, with low transaction fees and fast confirmation times.
The MULTI token is the native cryptocurrency of the MultiChain platform. The coin was born as AnySwap on July 20, 2020. It used to pay transaction fees, participate in network governance, and incentivize network participants. The total supply of MULTI tokens capped at 100 million and distributed through various mechanisms, including mining and staking.
Multichain Joins Hands with Shimmer
Recently, Shimmer announced a partnership with Multichain. This allows Shimmer and IOTA tokens to bridge between the two networks, with a future cross-chain solution between Shimmer and other major blockchains supported by Multichain.
The Multichain token has shown a huge up and down over the last week. Over the past five days, it has shown massive bullish intent. On Wednesday, the coin reached the $12 trading price mark. At the time of writing, the trading price of Multi is around $11.02, with an increase of 14.00% in the last 24 hours. And also, the coin’s trading volume has witnessed a massive increase of 271.85%, according to CoinMarketCap.