Everclear Earns Perfect 40/40 Score in Blockworks' Token Transparency Framework

Everclear, the cross-chain clearing and settlement protocol, has achieved a perfect score of 40 out of 40 in Blockworks' newly launched Token Transparency Framework (TTF). The recognition underscores Everclear's commitment to robust disclosure standards within the decentralized finance (DeFi) ecosystem. "It's good to see that the work done by the GTF is valued positively and that it is useful for this type of framework," stated Ministro del Dólar in a recent social media post, congratulating Everclear and Blockworks.

Everclear, formerly known as Connext, operates as the first "Clearing Layer" designed to coordinate global settlement of liquidity across various blockchain networks. The protocol aims to solve liquidity fragmentation, enabling efficient and cost-effective cross-chain operations. Since its Mainnet Beta launch, Everclear has demonstrated significant efficiency, reporting cross-chain transaction fees as low as 0.02% and netting up to 50% of transactions.

The Token Transparency Framework, spearheaded by leading crypto media and research firm Blockworks, was introduced to establish rigorous and fair disclosure standards across the digital asset industry. The open-source framework evaluates projects on critical aspects including project and team verification, token supply and allocations, transaction and market structure, and comprehensive financial disclosure. Its objective is to mitigate information asymmetry and foster greater trust in the burgeoning crypto markets.

Achieving a perfect score in such a comprehensive framework is a significant milestone for Everclear, distinguishing it as a leader in operational transparency. This level of disclosure is crucial for attracting institutional capital and fostering broader adoption by addressing concerns around market integrity and investor protection. The framework's emphasis on verifiable data helps differentiate projects that prioritize accountability from those lacking clear operational insights.

Everclear's recent strategic investment from the NEAR Foundation further highlights its accelerating momentum and its role in advancing cross-chain interoperability. The protocol's dedication to transparency, as validated by the Blockworks TTF, positions it strongly for continued growth and reinforces its foundation as a critical piece of the chain abstraction stack in Web3.