Multibit MUBI

1. Summary

Ranks

Liquidity

93

Developer

-

Social

35

Momentum (beta)

4

Stack Rank™

-

Price

$0.03 -0.3%

Market Cap

$26.72M (#892)

Supply

950.00M / 1.00B

Tags

Polygon Ecosystem Ethereum Ecosystem BNB Chain Ecosystem BRC-20 Inscriptions

More Metrics

Price
52W High price	$0.30
52W High date	19th Dec 2023 (9 months ago)
All Time High (ATH) Date	16th Dec 2023 (9 months ago)
ATH Price	$0.37
% From ATH	-93.79%
All Time Low (ATL) Date	21st Nov 2023 (10 months ago)
ATL Price	$0.02
% From ATL	45.97%

Supply & Trading Volume
Trading Volume (24h)	$4.12M
Total Supply	1.00B
Max Supply	1.00B
Circulating Supply	950.00M

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Description

MultiBit is a pioneering dual-sided bridge designed to facilitate seamless cross-network transfers between BRC20 and ERC20 tokens. This innovative platform enhances liquidity and cross-chain interoperability in a secure and user-friendly manner.

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MultiBit is a pioneering dual-sided bridge designed to facilitate seamless cross-network transfers between BRC20 and ERC20 tokens. This innovative platform enhances liquidity and cross-chain interoperability in a secure and user-friendly manner.

Functionality

MultiBit's mission is to serve the Bitcoin ecosystem by enabling BRC20 tokens to interact with other networks through cross-chain methods. Users deposit BRC20 tokens into a unique address provided by the MultiBit Protocol, which are then verified and minted as equivalent ERC20 tokens on Ethereum or BNB chains. Tokens are periodically consolidated into a unified cold wallet to maintain high security for user assets.

User Experience

The user interface is intuitive and straightforward, allowing users to select their desired EVM network and receive a unique deposit address. Following deposit verification, users can mint cross-chain ERC-20 assets and participate in the Ethereum ecosystem’s vast range of DeFi applications.

Interoperability

MultiBit seamlessly bridges the gap between the Bitcoin ecosystem and EVM blockchains, enhancing the liquidity and utility of BRC20 tokens. This integration expands the operational capabilities of users within the blockchain space and fosters growth and innovation across the broader ecosystem.

Token Support

MultiBit has expanded its token support to include a wide range of BRC20 and ERC20 tokens, allowing users to bridge and interact with an increasing number of tokens. This enhancement increases the utility and reach of MultiBit’s services, addressing the previously unmet need for interoperability and liquidity in the blockchain world.

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