Connext Buy Token

www.connext.network

Total Value Locked

$13.0K

USD Locked

$13.0K

DAI Supply Locked

12,768.95

Blockchain

Ethereum

Change

-0.91%

What is connext?

Connext is an infrastructural level that thanks to its business model allows the Ethereum network to be “scaled” like never before, positioning itself between the network and all the products, such as wallets, dApps or creators of crypto content, that integrate and support Connext.

At the heart of this technology is a very effective concept which is easy to integrate for any developer. It seems like a joke and too good to be true but, it really only takes six lines of code to implement Connext in a project. 

This allows creating and developing efficient applications throughout the Ethereum ecosystem. It undoubtedly improves interoperability between infrastructures thanks to its operation and is applicable to most use cases. 

The use of Connext enables instant transfers between wallets, allowing to monetize content by opening the doors to micropayments, which are easy to implement due to the very low fees, and to develop decentralized video games on the Ethereum mainnet. 

The payment system it uses is somewhat inspired by the Lightning Network, but unlike LN, Connext can be used with ERC20 tokens, instead of only Bitcoin

In fact, Connext is able to group different transactions from users through an off-chain channel, rather than directly commissioning them one by one on the blockchain

This process makes transactions much faster, scalable and extremely cheap. It also eliminates the need to rely on an intermediary and the need for custodians to hold users’ funds.

How to use connext?

The channels used by Connext, mentioned above, are called "state channels", and they simply aggregate many off-chain interactions into a few on-chain transactions.

When two users want to exchange money with each other, they open a channel by depositing the desired amount inside, via a multisignature Smart Contract. Since the Smart Contract is only executed on the blockchain, it means that the two counterparts remain in full control of their funds. 

Subsequently, the two can make all the exchanges they want but only with the initially deposited amount. Once the interaction is completed, the most recent update of the final balances will be uploaded to the blockchain and will thus be visible to all.

Thanks to Connext and its infrastructure, the mainstream use of any kind of decentralized application will surely be made easier and faster even for those who are not crypto-nerds. 

Connext Historical Stats

  • Date
  • TVL (USD)
  • TVL Change
  • Total DAI Locked
  • DAI Locked 1d
  • 19 Sep 2020
  • TVL USD $13,073
  • TVL Change $62.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 18 Sep 2020
  • TVL USD $13,011
  • TVL Change $71.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 17 Sep 2020
  • TVL USD $12,940
  • TVL Change $-180.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 16 Sep 2020
  • TVL USD $13,120
  • TVL Change $-92.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 15 Sep 2020
  • TVL USD $13,212
  • TVL Change $88.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 14 Sep 2020
  • TVL USD $13,124
  • TVL Change $-43.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 13 Sep 2020
  • TVL USD $13,167
  • TVL Change $-109.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 12 Sep 2020
  • TVL USD $13,276
  • TVL Change $-26.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 11 Sep 2020
  • TVL USD $13,302
  • TVL Change $117.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 10 Sep 2020
  • TVL USD $13,185
  • TVL Change $27.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 09 Sep 2020
  • TVL USD $13,158
  • TVL Change $44.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 08 Sep 2020
  • TVL USD $13,114
  • TVL Change $74.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 07 Sep 2020
  • TVL USD $13,040
  • TVL Change $-93.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 06 Sep 2020
  • TVL USD $13,133
  • TVL Change $59.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 05 Sep 2020
  • TVL USD $13,074
  • TVL Change $117.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 04 Sep 2020
  • TVL USD $12,957
  • TVL Change $67.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 03 Sep 2020
  • TVL USD $12,890
  • TVL Change $-67.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 02 Sep 2020
  • TVL USD $12,957
  • TVL Change $-96.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 01 Sep 2020
  • TVL USD $13,053
  • TVL Change $64.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI
  • 31 Aug 2020
  • TVL USD $12,989
  • TVL Change $-97.00
  • Total ETH Locked 12,769 DAI
  • ETH Locked 1d 0.00 DAI