How to Use Multichain: A Detailed Guide

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Multichain has emerged as a leading cross-chain infrastructure solution in the rapidly evolving decentralized finance (DeFi) ecosystem. Formerly known as Anyswap, the platform rebranded in early 2021 to reflect its expanded capabilities beyond simple token swaps. As a Cross-chain Router Protocol, Multichain enables seamless interoperability between multiple blockchain networks, allowing users to transfer assets across chains with efficiency and minimal friction.

Whether you're new to cross-chain technology or looking to optimize your DeFi strategy, understanding how to use Multichain effectively is essential for maximizing asset utility and yield opportunities across ecosystems.

What Is Multichain?

Multichain is a decentralized cross-chain bridge protocol designed to facilitate the transfer of digital assets between different blockchain networks. Originally launched as Anyswap in July 2020, the platform transitioned into Multichain to emphasize its role as a comprehensive routing system for multi-chain transactions.

By leveraging advanced cryptography and smart contract automation, Multichain supports trustless, non-custodial asset transfers—meaning users retain full control of their funds throughout the process.

👉 Discover how seamless cross-chain trading can enhance your crypto experience.

Key Features of Multichain

Support for 25+ Blockchains and 1,100+ Tokens

One of Multichain’s standout advantages is its extensive network integration. The protocol currently supports over 25 major blockchains, including Ethereum, BNB Chain, Avalanche, Polygon, Fantom, and Arbitrum. This broad compatibility allows users to move assets across both EVM and non-EVM compatible chains with ease.

With support for more than 1,100 tokens, Multichain offers one of the most diverse asset portfolios among cross-chain solutions—making it ideal for traders, liquidity providers, and DeFi enthusiasts seeking maximum flexibility.

No-Slippage Swaps

Unlike traditional decentralized exchanges where price volatility can lead to slippage during trades, Multichain offers no-slippage swaps for many token pairs. This means the price quoted at the time of transaction initiation remains fixed, protecting users from unexpected losses due to market fluctuations—especially beneficial during periods of high volatility.

Multichain Router for Optimized Transactions

The Multichain Router intelligently routes transactions through the most efficient path based on gas costs, speed, and liquidity availability. This optimization reduces overall transaction fees and accelerates settlement times when moving assets between supported blockchains.

For example, transferring USDC from Ethereum to Arbitrum might be routed via an intermediate chain with lower congestion, reducing both cost and wait time.

How to Get Started with Multichain

To begin using Multichain, you’ll need a compatible wallet that supports multi-chain interactions. Two primary options are available:

Both provide secure access to Multichain’s full suite of features.

Step 1: Install Coin98 Super App or Extension Wallet

For mobile users:

For desktop users:

Once installed, ensure your wallet is backed up using the recovery phrase provided during setup.

Step 2: Create or Import a Wallet

If you’re new to Coin98:

Existing users can import wallets by selecting “Import Wallet” and entering their private key or recovery phrase.

💡 Tip: Always use official sources to download wallets and never share your recovery phrase.

Using Multichain on Coin98 Super App

Connecting to Multichain

  1. Open the Coin98 Super App.
  2. Tap on the Browser tab.
  3. Search for “Multichain” in the search bar.
  4. Select the official Multichain website from the results.

Your wallet will automatically connect. You can switch networks directly from the app interface depending on which blockchain you wish to interact with.

👉 Start exploring cross-chain opportunities with confidence and ease.

Core Functions of Multichain

Convert ANY to MULTI Token

MULTI is the native governance token of the Multichain ecosystem, replacing the legacy ANY token. Users can swap ANY for MULTI at a 1:1 ratio.

Steps:

  1. Navigate to the MULTI section on the Multichain interface.
  2. Enter the amount of ANY you wish to convert.
  3. Click Approve ANY (required only once per wallet).
  4. Confirm with Send, then click Swap.
  5. Pay the network fee and confirm the transaction.

After conversion, MULTI tokens will appear in your wallet balance.

Perform Cross-Chain Swaps

Cross-chain swapping is one of Multichain’s most powerful features.

Steps:

  1. Go to the Router section.
  2. Select source and destination blockchains.
  3. Choose the token you want to send and receive.
  4. Enter the amount; the system displays estimated output and fees.
  5. Click Approve (first-time use), then Send.
  6. Click Swap, review cross-chain fee, gas cost, and estimated time.
  7. Confirm with Send.

📌 Note: Transactions over $5 million may take up to 12 hours. Minimum/maximum limits vary by chain.

You can also specify a recipient address on the target chain under Send to.

Add Liquidity to Pools

Liquidity providers earn trading fees by depositing token pairs into shared pools.

Steps:

  1. Go to the Pool section.
  2. Select a token pair and click Add.
  3. Enter your desired amount.
  4. Click Approve (if first time), then Send.
  5. Click Add Liquidity, confirm transaction.

Your liquidity share is represented as LP tokens in your wallet.

Withdraw Liquidity

To exit a liquidity position:

  1. In the Pool section, select your position and click Remove.
  2. Enter the percentage or amount to withdraw.
  3. Click Remove Liquidity and confirm.

Funds will return to your wallet after processing.

Stake MULTI to Earn veMULTI

veMULTI represents voting power in the Multichain DAO (decentralized autonomous organization). By locking MULTI tokens, users receive veMULTI NFTs that grant governance rights.

Locking schedule:

Steps:

  1. Go to the veMULTI section.
  2. Click Create Lock.
  3. Enter amount and duration.
  4. Click Approve, then Send.
  5. Click Lock, confirm transaction.

You can manage your lock (extend time or add more tokens) anytime via the Manage option.

👉 Unlock governance power and shape the future of cross-chain DeFi today.

Frequently Asked Questions (FAQ)

Q: Is Multichain safe to use?
A: Yes, Multichain operates as a non-custodial protocol—your funds remain under your control. However, always verify URLs and use trusted devices to avoid phishing attacks.

Q: Are there fees when using Multichain?
A: Yes, users pay standard gas fees on source and destination chains, plus a small cross-chain routing fee determined by network conditions.

Q: Can I reverse a cross-chain transaction?
A: No—transactions on blockchain are irreversible. Double-check recipient addresses and amounts before confirming.

Q: What happens if my transaction gets stuck?
A: Most delays resolve within hours. For issues exceeding expected timeframes, consult Multichain’s official support channels or community forums.

Q: Do I need MULTI tokens to use Multichain?
A: No—MULTI is only required for governance participation. Regular swaps and liquidity provision do not require holding MULTI.

Q: How often are new chains added?
A: Multichain regularly evaluates new blockchain integrations based on community demand and technical feasibility. Updates are announced via official channels.

Final Thoughts

Multichain empowers users to break free from single-chain limitations and unlock true interoperability in DeFi. From low-slippage swaps and optimized routing to liquidity provision and decentralized governance, the platform delivers robust tools for both beginners and advanced users.

By integrating with user-friendly wallets like Coin98 and supporting a vast array of assets and networks, Multichain continues to play a pivotal role in shaping a connected blockchain future.

Core keywords: Multichain, cross-chain bridge, MULTI token, DeFi, swap tokens, add liquidity, veMULTI, Coin98 wallet