Everclear — the interoperability protocol formerly known as Connext — has rolled out a fast, bridge-free way to move ETH liquidity onto Mantle Network, tackling one of DeFi’s toughest problems: fragmented liquidity.
What’s live
- Everclear’s new cross-chain settlement lets users convert wrapped ETH (wETH) from major chains — Ethereum, Arbitrum, Base, and Polygon — directly into Mantle’s mETH token in under 60 seconds.
- The integration bypasses traditional bridges entirely, removing bridge risk and reducing slippage and complexity for users.
Why it matters
As blockchains multiplied, identical assets splintered into multiple on-chain representations, creating inefficiency, higher costs, and friction that slow retail and institutional adoption. Everclear’s clearing infrastructure addresses this by netting cross-chain flows and automatically rebalancing inventory, which cuts redundant liquidity needs and lowers operational costs for market participants.
How the settlement layer works
- Users holding wETH on any supported chain choose Mantle as the destination.
- Everclear’s solver network immediately fulfills the swap intent, delivering mETH to the user’s wallet while handling settlement and rebalancing behind the scenes at competitive pricing.
- The outcome: near-instant execution, minimal (or zero) slippage, and improved capital efficiency compared with conventional bridges.
In their words
Nikita Bulgakov of the Everclear Foundation: “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.”
Institutional implications for Mantle
Mantle has positioned itself as a liquidity infrastructure hub, anchoring over $4 billion in community-owned assets and promoting on-chain and real-world asset connectivity. Mantle’s mETH Protocol — its flagship liquid staking solution — reached a peak TVL of $2.19 billion and is integrated across 40+ platforms, including Bybit, Ethena, and custody providers P2P and Copper. Emily Bao, Key Advisor at Mantle, summarized the impact: “Real-world usability of on-chain assets depends on efficient settlement across chains.” Removing onboarding friction through Everclear helps Mantle attract larger, institution-grade capital flows and supports its RWA and ETH-native strategy.
Scale and next steps
Everclear already handles roughly $400 million in monthly volume across blue-chip tokens and stablecoins and serves professional liquidity actors like market makers, solvers, bridges, and exchanges. The Mantle launch is the first step toward expanded cross-asset settlement: Everclear plans to add more ETH-based assets, stablecoins, and broader network support.
Bottom line
This integration is a concrete move toward chain-abstracted finance — where users and institutions can use on-chain assets without wrestling with cross-chain complexity. For DeFi, faster, safer settlement across networks is a meaningful step toward broader, more institutional adoption.
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