Connext

Cross Chain

Connext is a non-custodial bridging network compatible with Ethereum, its Layer 2s, Polygon and BNB Chain

Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Connext?

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Information
Exploit/Hacks
None
Info
Key Metrics
  • TVL: $84.7M (Rank #101)
  • TVL Ranking by Cross Chain: #0
  • Blockchain: Ethereum, Arbitrum, Linea, Binance, Polygon, Optimism, xDai, Base, Metis, Mode, Cronos, Evmos, Moonriver, Milkomeda, Harmony, Moonbeam, Boba, Avalanche, Fuse, Fantom
  • Chain TVL
    • Ethereum: $84.57M
    • Arbitrum: $67.96K
    • Linea: $20.82K
    • Binance: $11.16K
    • Polygon: $5.6K
    • Others: $6.47K
Risk Assessment
Average
Protocol Code Quality
  • Code reviewed by several experienced auditors including code4rena and Spearbit
  • Public team promotes accountability
  • No documented protocol hacks since launch
Protocol Maturity
  • Latest protocol version launched in 2023; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Top 10% by total value locked reduces risk
  • Multisig wallet controls protocol upgrades
  • Multisig consists of at least 4 signers, which means the protocol is less susceptible to centralization risks
  • No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
  • No governance token and/or contracts are fully immutable
Protocol Design
  • No death spiral concerns
  • Locally verified bridge that uses liquidity networks on each chain to enable cross-chain swaps; this system typically uses a lock/unlock mechanism to ensure the safety of user funds
Things to know about Connext

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