Everclear
CLEAR
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
CLEAR (Everclear), formerly NEXT/Connext, is an interchain clearing layer designed to solve liquidity fragmentation across rollups and L2s. The project retains strong institutional roots, led by an experienced team (Arjun Bhuptani and Layne Haber) with Pantera Capital backing, active deployments across networks like Solana, Unichain, and Mantle, and published third-party audits by Creed. However, the token suffers from acute market distress, reflected in an ultra-low market cap (~$70K-$358K), near-zero trading volume, 99.9% price drawdown from ATH, and illiquid trading conditions. Note: Community Support lacked sufficient public data and was excluded from the weighted score calculation. While the technical foundation and security posture remain sound with no recorded exploits or legal actions, the asset is severely distressed from a market and liquidity standpoint.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Everclear (CLEAR)
Everclear (CLEAR) is an interchain clearing layer token that migrated from the NEXT token (formerly Connext) in December 2024. The protocol functions as a cross-chain liquidity netting and settlement system designed to reduce liquidity fragmentation across rollups, layer-2 networks, and intent-based bridges. The CLEAR token contract is deployed across Ethereum, Polygon PoS, Gnosis, BNB Chain, Arbitrum One, and Optimism, alongside protocol integrations and deployments across networks such as Solana, Unichain, and Mantle.
The project was established by co-founders Arjun Bhuptani and Layne Haber with backing from Pantera Capital, governed through the Everclear Foundation. CLEAR has a fixed maximum supply of 1 billion tokens, of which approximately 89% is in circulation. The token utilizes a vote-bonding mechanism where stakers receive vbCLEAR to direct protocol emissions, earn fees, and participate in protocol governance. Security reviews include third-party audits performed by Creed for the Chimera system in September 2024 and the Swaps module in September 2025, though its documented Immunefi bug bounty program remains listed as pending live deployment.
While the project has recorded no smart contract exploits or regulatory actions, the token is under severe market distress. CLEAR has suffered a price drawdown of approximately 99.9% from its all-time high, trading at micro-cap levels between $70,000 and $358,000 with near-zero 24-hour trading volume. Furthermore, the token suffers from extreme exchange concentration on a single venue and has received warnings regarding illiquidity and exchange delisting risks.