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Connext

Connext

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TVL: $255M

Connext

Connext is a modular protocol for securely passing funds and data between chains. Developers can use Connext to build crosschain apps (xApps) - applications that interact with multiple domains (blockchains and/or rollups) simultaneously. Connext is built with three core design principles: modularity, security, and simplicity. Its modular hub-and-spoke architecture derives security from Ethereum L1 and plugs into canonical messaging bridges. For security, it utilizes automated offchain actors called Watchers that halt message passing if fraud is observed. To maintain simplicity, it implements a single primitive, xcall, which allows developers to asynchronously interact with contracts on other chains. Use cases include crosschain DAO governance, token and NFT bridging, DEX liquidity aggregation, and crosschain lending.
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Funding Rounds

Funding Round: Strategic
Funding Date: 14 Jun, 2023
Raised Amount: $7.5M
Funding Round: Series A
Funding Date: 13 Jul, 2021
Raised Amount: $12M
Funding Round: Seed
Funding Date: 19 Mar, 2021
Raised Amount: $2.2M
Funding Round: Convertible note issuance
Funding Date: 6 Jan, 2018
Raised Amount: $880K

Investors