Coinbase, one of the top US crypto exchanges, is now giving its customers a chance to trade Multichain (MULTI), a cross-chain protocol built on Ethereum (ETH). Multichain aims to serve as the ultimate router for Web 3.0 and has processed $103.45 billion in total volume since its launch in the July of 2020. It currently supports 92 different chains, placing it 3rd in DeFiLlama's rankings in terms of total value locked (TVL).

TVL indicates the amount of capital held within a given blockchain's smart contracts and is found by multiplying the amount of collateral locked into the network by the current value of the assets. At the moment, Multichain's TVL sits at around $1.8 billion.

MULTI, which is the protocol's governance token, is currently trading at $9.12. It is ranked 199th by market cap and has seen a slump of 5.1% in the past seven days. The token's all-time high of $33.64 has also dropped by nearly 73% since it was hit in January 2022.

Coinbase added MULTI to its listing roadmap last month as a way to increase transparency and prevent front-running its listing announcements. The exchange's customers can now reap the rewards of being able to trade the altcoin through a more reliable and trustworthy platform.



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