Everclear, formerly known as Connext (NEXT), is a platform focused on blockchain interoperability. The recent announcement by the project indicates a significant shift as it transitions to the new name, Everclear. The core development strategy revolves around the creation of an innovative 'exchange layer'. This layer is conceptualized to tackle the intricate challenges associated with rebalancing and aligning intentions within the blockchain ecosystem. Positioned as an independent blockchain, the exchange layer functions as a fundamental liquidity infrastructure enabling seamless order matching capabilities for intent-based bridges.

In a strategic move to bolster the implementation of the clearing layer, Everclear initiated the sale of $5 million worth of Connext (NEXT) tokens to the prominent cryptocurrency entity, Pantera Capital, through an over-the-counter transaction.

The update has garnered positive feedback from the token's community. Notably, the altcoin, actively traded on Bybit, a leading exchange platform, observed a notable 8% surge in its valuation over the past 24 hours.

Everclear's self-proclaimed focus is on supporting decentralized applications across various chains and token types. The platform boasts a substantial locked value amounting to $1 billion, as indicated in their official communication.

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