Multibit Logo

Multibit MUBI

Multibit header image

1. Summary

Ranks

Liquidity
92
Developer
-
Social
35
Momentum (beta)
0
Stack Rank™
-
Price
$0.03 +3.8%
Market Cap
$31.40M (#746)
Supply
950.00M / 1.00B
Price
52W High price $0.30
52W High date 19th Dec 2023 (6 months ago)
All Time High (ATH) Date 16th Dec 2023 (6 months ago)
ATH Price $0.37
% From ATH -71.97%
All Time Low (ATL) Date 21st Nov 2023 (7 months ago)
ATL Price $0.02
% From ATL 559.11%
Supply & Trading Volume
Trading Volume (24h) $3.97M
Total Supply 1.00B
Max Supply 1.00B
Circulating Supply 950.00M
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.

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.

2. Price

MUBI

2.1. Market Performance

How does Multibit's (MUBI) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

18.1%

MUBI

-17.7%

Similar Market Cap

60 Day Return

-25.9%

MUBI

32.4%

Similar Market Cap

3. Developer Activity

No GitHub repos found. Either the project is not open source or we don't have data yet.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users
Active Discord Users
Telegram Users 6,656
Twitter followers 52,716
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://multibit.exchange/
Explorer https://etherscan.io/token/0x38e382f74dfb84608f3c1...
Twitter @Multibit_Bridge

What is the correct contract address for Multibit?

Ethereum 0x38e382f74dfb84608f3c1f10187f6bef5951de93
Polygon-pos 0xb1a91036e4a3c144efed953e0b6cc5f6b98ad256
Binance-smart-chain 0x38e382f74dfb84608f3c1f10187f6bef5951de93

Has Multibit been audited for security?

No security audits found for this project.

Are you the owner of Multibit? Edit it here

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