What is Multichain? MULTI Token price prediction for 2025

Multichain (formerly Anyswap) is a Cross-Chain Router Protocol (CRP) designed to be the "ultimate router" for the Web3 ecosystem. It facilitates seamless asset transfers across more than 27 blockchains (such as Ethereum, Binance Smart Chain, Polygon, etc.) through secure multiparty computation (SMPC) and threshold signature scheme (TSS) technology, eliminating third-party custody risks. Its core innovation lies in the automated selection of cross-chain paths (locking, minting, or liquidity pools), completing asset transfers with zero slippage within 30 minutes, and at its peak, the total value locked (TVL) exceeded $7.8 billion, covering over 1,490 token types. However, in May 2023, the project was forced to cease operations due to the CEO going missing and resulting in mismanagement of funds, and it is currently in a suspended state.

##Token Allocation and Market Performance MULTI serves as a governance token with a total supply of 100 million tokens, an initial circulation of 18.64% (approximately 18.64 million tokens), and the remaining tokens are controlled by the DAO for various uses. The historical price of the token has fluctuated dramatically: it reached an all-time high of $33.64 in January 2022, but due to the project's suspension, the price dropped to $0.067 in July 2025, with the circulating market value shrinking to around $980,000. The market's lack of confidence is reflected in the technical indicators: a decline of 13.55% over the past 30 days, with moving averages crossing bearishly multiple times, indicating a neutral to bearish trend.

##2025 Price Prediction: Divergence and Rational Assessment The market's price prediction for MULTI in 2025 shows a polarization:

• Optimistic expectations: Some analyses rely on historical gains (such as 105.12% year-to-date) and the DeFi growth narrative, speculating that if the ecosystem recovers, it may reach 9 - 13 dollars.
• Realistic benchmark: Most platforms predict a price range of $0.398 - $0.766 based on the current status of project suspensions, with an annual average price of $0.603 (an increase of less than 1% compared to the current price).

Key constraints include: the lack of project operation, intensified competition in the cross-chain track (such as LayerZero), and regulatory legacy risks.

##Future Outlook: Recovery Requires External Intervention and Ecological Restructuring Multichain's technology was once leading, but the flaws in its centralized architecture (such as node servers relying on personal cloud accounts) have led to systemic failures. The future possibilities depend on three points:

1. Community takeover or capital acquisition: Restart the SMPC node network and fix security vulnerabilities (such as the 2021 incident where hackers exploited a signature vulnerability to steal 8 million dollars).
2. Cross-chain demand dividends: If the demand for multi-chain interoperability in Web3 explodes, its underlying protocols may be integrated and reused.
3. Token mechanism reform: If the uncirculated 81.36% of tokens are injected into liquidity through DAO voting, it may boost confidence in the short term. However, before clear signs of recovery, investors should be cautious of the high volatility and the risk of tokens going to zero.

Currently, the trading activities of MULTI are concentrated on platforms like 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 substantial progress of third-party involvement.

Author: Blog Team *This content does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. *Please note that Gate may restrict or prohibit all or part of its services from restricted areas. Please read the user agreement for more information, link: