Connext

Name

Connext

Description

Connext is a state channel network enabling crosschain/cross-L2 communication and ultra-high-volume micropayments. As of May 9th, Connext handles $17m in weekly volume growing at 68% week over week.

Consensus Type

State Channels

Note: State channel networks are not consensus systems but are instead structurally similar to TCP/IP.

Tx Cost

Determined by routers (LPs) and eventual fee market. Right now, ~0.05% for crosschain transfers.

Average TPS

Scale-free (i.e. can add more tps by adding more routers)

Finality Time

Instant

Governance/validator Token

No

Transactional Token

Same as transacted token. E.g. USDC payment -> USDC fees.

Resources

Website

Github

Developer Docs

Social Media & Community

Twitter

Discord

Medium

Career Opportunities