What Is Multichain? MULTI Token Price Forecast for 2025
Multichain (formerly Anyswap) is a Cross-Chain Router Protocol (CRP) designed to be Web3 The “ultimate router” of the ecosystem. It enables seamless transfer of assets across more than 27 blockchains (such as Ethereum, Binance Smart Chain, Polygon, etc.) through secure multi-party computation (SMPC) and threshold signature algorithm (TSS) technology, eliminating third-party custody risks. Its core innovation lies in the automated selection of cross-chain paths (lock, mint, or liquidity pool), completing asset transfers with zero slippage within 30 minutes, and at its peak, the total locked value (TVL) surpassed $7.8 billion, covering over 1,490 types of tokens. However, in May 2023, due to the CEO’s disappearance and resulting mismanagement of funds, the project was forced to cease operations and is currently in a stalled state.
Token Distribution and Market Performance
MULTI as a governance Token has a total supply of 100 million, with an initial circulation of 18.64% (approximately 18.64 million), and the remaining Tokens are controlled by DAO for use. The historical price of the Token has been highly volatile: it reached an all-time high of $33.64 in January 2022, but due to the project’s shutdown, the price dropped to $0.067 in July 2025, and the circulating market value shrank to around $980,000. The low market confidence is reflected in the technical indicators: a decrease of 13.55% over 30 days, multiple death crosses in the moving averages, showing a neutral to bearish trend.
2025 Price Prediction: Divergence and Rational Assessment
The market’s view on MULTI for 2025 Price Prediction Polarization:
- Optimistic expectation: Some analyses rely on historical gains (such as 105.12% from the beginning of the year to now) and the DeFi growth narrative, speculating that if the ecosystem recovers, it may reach 9 - 13 USD.
- Reality benchmark: Most platforms combine the current status of project shutdowns, predicting a price range of 0.398 - 0.766 USD, with an average annual price of 0.603 USD (which is less than a 1% increase from the current level).
Key constraints include: lack of project operations, intensified competition in the cross-chain track (such as LayerZero), and regulatory legacy risks.
Future Outlook: Recovery Requires External Intervention and Ecological Reconstruction
Multichain’s technology was once leading, but the flaws of its centralized architecture (such as node servers relying on personal cloud accounts) led to systemic collapse. Future possibilities depend on three points:
- Community takeover or capital acquisition: Restarting the SMPC node network and fixing security vulnerabilities (such as the 2021 incident where hackers exploited signature vulnerabilities to steal $8 million).
- Cross-chain demand dividends: If the demand for Web3 multi-chain interoperability explodes, its underlying protocols may be integrated and reused.
- Token mechanism reform: If the 81.36% of tokens that are not in circulation are injected with liquidity through DAO voting, it could boost confidence in the short term.
However, before clear recovery signals are established, investors need to be wary of the high volatility and zero-risk of the tokens.
The current trading activity of MULTI is concentrated on platforms such as Gate, with a 24-hour trading volume of approximately $55,000. Potential investors should prioritize updates from the project’s official channels and assess the substantive progress of third-party involvement.
