Everclear launches cross-chain asset settlement on Mantle, enabling 60-second wETH-to-mETH swaps – Crypto News – Crypto News
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Everclear launches cross-chain settlement on Mantle, letting users swap wETH to mETH in under 60 seconds, no bridges. Everclear launches cross-chain settlement on Mantle, letting users swap wETH to mETH in under 60 seconds, no bridges.

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Everclear launches cross-chain asset settlement on Mantle, enabling 60-second wETH-to-mETH swaps – Crypto News

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3 weeks ago

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  • Swap wETH to Mantle’s mETH from major chains in under 60 seconds.
  • No traditional bridges, slippage, or complex onboarding steps required.
  • Netting + rebalancing cuts liquidity fragmentation and operational costs.

The blockchain industry’s liquidity fragmentation problem has a new solution.

Everclear, the interoperability protocol formerly known as Connext, has launched cross-chain asset settlement on Mantle Network.

The partnership will allow users to convert wrapped Ethereum (wETH) from major chains including Ethereum, Arbitrum, Base, and Polygon directly into Mantle’s mETH token in under 60 seconds.

The integration bypasses traditional bridging entirely, marking a significant infrastructure breakthrough for decentralized finance adoption.​

The partnership tackles one of DeFi’s most stubborn challenges: liquidity fragmentation.

As blockchain ecosystems have proliferated, identical assets now exist in multiple representations across different networks.

This fragmentation creates inefficiency, higher costs, and friction that deters both retail and institutional participation.

Everclear’s clearing infrastructure solves this problem by netting cross-chain flows and automatically rebalancing inventory, dramatically reducing redundant liquidity and operational costs.​

How the settlement layer works

The mechanics are elegant in their simplicity. Users holding wETH on any supported chain select Mantle as their destination.

Everclear’s solver network fills the intent immediately, delivering mETH to the user’s wallet while managing settlement and rebalancing operations behind the scenes at optimal pricing.

The result is zero slippage, fast execution, and capital efficiency that traditional bridges cannot match.​

Nikita Bulgakov from the Everclear Foundation explained the vision:

Everclear was built to be the settlement layer for a fragmented, multi-asset future. By connecting different representations of the same asset, we enable partners like Mantle and mETH Protocol to offer a truly chain-abstracted experience to users.​

Accelerating Mantle’s institutional adoption

Mantle has emerged as a serious contender in the liquidity infrastructure space, anchoring over $4 billion in community-owned assets and positioning itself as the premier gateway for institutions connecting with on-chain liquidity and real-world assets.

The mETH Protocol, Mantle’s flagship liquid staking solution, achieved a peak total value locked of $2.19 billion and is now integrated across 40+ major platforms including Bybit, Ethena, and leading custody providers like P2P and Copper.

“Real-world usability of on-chain assets depends on efficient settlement across chains,” said Emily Bao, Key Advisor of Mantle.

This integration reinforces Mantle’s RWA and ETH-native strategy by removing onboarding friction and enabling capital to flow into the ecosystem in a more scalable, institutional-grade way.

The Everclear partnership removes a critical barrier to growth.

Previously, users navigating multiple chains faced bridge risks, slippage costs, and complexity that discouraged participation. Now, onboarding becomes frictionless.

Expanding the settlement layer

Everclear already processes approximately $400 million in monthly volume across blue-chip assets and stablecoins, serving professional users including market makers, solvers, bridges, and exchanges.

The Mantle launch marks the beginning of expanded cross-asset settlement capabilities, with plans to support additional ETH-based assets, stablecoins, and emerging blockchain networks.​

This development underscores the industry’s evolution toward chain-abstracted finance, where users and institutions interact with blockchain infrastructure without managing underlying complexity.

For the DeFi ecosystem, it represents a meaningful step toward mainstream adoption.

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