INTRO

Cross chain technologies have been created with the aim of communication between blockchains and information transfer. Several platforms use this technology, one of which is called the Multichain network. This network previously operated under the name AnySwap platform and on the Fusion blockchain platform. Multichain network is an interchain protocol that helps to strengthen blockchain technology by transferring information between different blockchains.

Multichain was created with the aim of providing the possibility of communicating between different chains. This network seeks to be used as an irreplaceable router for the third generation of the web. The network even rebranded itself to provide better cross-chain services. By doing so, focused on creating infrastructure for cross-chain interactions.

METHOD

1. During this dashboard, we divided time into two 10-day time periods. This time period is related to before the disturbance and after the disturbance. Since the disruption of the Multichain platform was seen from Sunday and May 21st, we considered the start of the post-disruption time from May 21st.
2. All volumes presented in this dashboard are in $MULTI.
3. The ethereum.core.fact_hourly_token_prices table is used to call the price statistics. ethereum.core.ez_dex_swaps is used to call swap statistics. ethereum.core.ez_token_transfers and ethereum.core.dim_labels tables were used to extract statistics related to cexs. And the ethereum.core.ez_decoded_event_logs table has been used to extract the performance of the multichain bridge in the Ethereum network.

Disorder

On Sunday (May 21), some users of the Multichain protocol complained in the telegram group of this project that their transactions were not finalized. Little by little, the number of complaining users was added until the development team of Multichina announced that the routers of this inter-chain protocol had been disrupted. Following the non-finalization of Multichain transactions, the MULTI token of this protocol experienced a sharp price drop. During the disruption, the price of the multi token fell to around $3.3, a drop of around 60%.

Source