Everclear PriceCLEARInactive

What is Everclear (CLEAR)?

Everclear, formerly known as Connext Network, is a blockchain interoperability protocol built to improve connectivity between different blockchain networks. It positions itself as the first Clearing Layer, a system that coordinates the global settlement of liquidity between chains and addresses fragmentation for modular blockchains. The project introduces a native token, CLEAR, which serves both utility and governance functions within its ecosystem. CLEAR is an ERC-20 token on Ethereum with a total and maximum supply of 1,000,000,000 tokens. The token launched in 2023, and Connext officially rebranded to Everclear on June 3, 2024, alongside the launch of the first Clearing Layer. According to public reporting, the protocol entered a wind-down phase in May 2026, and the Everclear Foundation currently owns the project's intellectual property.

Key Specifications & Tokenomics

• Name: Everclear
• Ticker/Symbol: CLEAR
• Former Name: Connext Network
• Blockchain/Platform: Ethereum (ERC-20)
• Token Contract Address (Ethereum): 0x58b9cB810A68a7f3e1E4f8Cb45D1B9B3c79705E8
• Contract Type: ERC-20, TransparentUpgradeableProxy
• Compiler Version: v0.8.20+commit.a1b79de6
• Optimization: Enabled, 200 runs
• Decimals: 18
• Total Supply: 1,000,000,000 CLEAR
• Max Supply: 1,000,000,000 CLEAR
• Circulating Supply: 891.16M CLEAR (89.1161069% of total)
• Category: Blockchain Interoperability / Clearing Layer
• Token Utility: Utility and governance within the ecosystem
• Explorer: etherscan.io
• Official Website: https://www.everclear.org/
• Documentation: https://docs.everclear.org/
• X (Twitter): https://twitter.com/EverclearOrg

Who created Everclear?

Everclear was co-founded by Arjun Bhuptani and Layne Haber. Arjun Bhuptani serves as Chief Researcher and co-founder and was an early Ethereum developer focused on Layer 2 research. Layne Haber is the CEO and co-founder. The Everclear Foundation currently owns the project's intellectual property, and Everclear Labs is referenced as a unit in the context of the protocol wind-down reported in May 2026. The project attracted funding from leading venture capital firms, and Pantera Capital published a blog post titled "Investing in Everclear" on June 11, 2024, indicating its participation as an investor.

How does Everclear work?

Everclear operates as a cross-chain clearing and settlement protocol designed to solve liquidity fragmentation across different blockchains. Its core mechanism is a Clearing Layer that coordinates the global settlement of liquidity between chains. The protocol employs netting technology, which reduces blockchain transaction costs by up to 10x. Everclear functions as part of the chain abstraction stack, integrating with intent protocols, solver networks, modular blockchains, and decentralized applications. This architecture enables operations such as borrowing on one blockchain and spending on another, improving the efficiency and utility of cross-chain interactions. The CLEAR token contract is an upgradeable proxy that includes UI Multiplier changes, meaning displayed token amounts are scaled by the active multiplier.

What makes Everclear unique and valuable?

Everclear distinguishes itself through its identity as the first Clearing Layer, a concept that coordinates liquidity settlement across chains rather than simply bridging assets. By applying netting technology, it claims to reduce blockchain transaction costs by up to 10x, addressing a major pain point in cross-chain activity. Its positioning as the new foundation of the chain abstraction stack allows it to integrate with intent protocols, solver networks, modular blockchains, and dApps, making it a connective infrastructure layer rather than a standalone application. The project also introduced a native token for utility and governance, supporting a decentralized governance structure. These features collectively aim to reduce fragmentation and improve capital efficiency in a multi-chain environment.

What is Everclear used for?

The CLEAR token serves both utility and governance purposes within the Everclear ecosystem, supporting its decentralized governance structure. Beyond the token, the Everclear protocol itself is used to facilitate cross-chain operations, including borrowing on one blockchain and spending on another. It coordinates the global settlement of liquidity between chains, which helps modular blockchains and dApps manage liquidity more efficiently. The protocol integrates with intent protocols and solver networks, enabling participants to interact across chains with reduced costs through netting technology. Community calls have referenced initiatives such as CLEAR Token Migration, New Tokenomics, and Season 1 Rewards, indicating ongoing token-related programs within the ecosystem.

How Is the Everclear ecosystem developing?

The Everclear ecosystem has undergone significant changes since its launch. Connext rebranded to Everclear on June 3, 2024, and launched the first Clearing Layer. Community calls have covered topics including the mainnet beta launch, Q3 achievements, CLEAR Token Migration, New Tokenomics, and Season 1 Rewards. The protocol integrates with intent protocols, solver networks, modular blockchains, and dApps. However, public reporting on May 21, 2026 indicated that CLEAR token declined 48% as Everclear began winding down its protocol, with the Everclear Foundation owning the project's intellectual property. On-chain data from Etherscan showed 1,722 holders as of September 18, 2026, and the project remains listed across multiple data platforms including CoinMarketCap, CoinGecko, Coinbase, Crypto.com, Bybit, Binance, and MEXC.

How to mine Everclear?

Everclear (CLEAR) is an ERC-20 token on Ethereum and does not use a traditional mining mechanism such as proof-of-work. There is no public information describing a mining process for CLEAR. Token distribution and related programs have been referenced through community calls, including CLEAR Token Migration, New Tokenomics, and Season 1 Rewards, which suggest token-based incentive or rewards structures rather than mining. Detailed public information on staking or validator mechanisms is currently limited. Individuals interested in acquiring CLEAR typically do so through supported trading venues where the token is listed.

How to keep your Everclear Coin safe?

Because CLEAR is an ERC-20 token on Ethereum, standard security practices for Ethereum-based assets apply. Store your tokens in a reputable wallet that supports ERC-20 assets, and safeguard your private keys or seed phrase offline, never sharing them with anyone. Be cautious of phishing attempts, fake websites, and fraudulent tokens that mimic legitimate projects. Verify the official contract address before interacting with any token. Note that Etherscan indicates no contract security audit was submitted for this token, and its token reputation is listed as neutral, so users should exercise additional caution. Keep your wallet software updated, use hardware wallets for larger holdings, and always double-check transaction details before confirming. As with all crypto assets, market risk includes extreme volatility and the potential loss of your entire capital.