Key Stats

Total Value Locked24H
in USD$13.1K-43.4%
in ETH38 ETH-44.2%
in BTC1 BTC-46.3%
DAI Locked13K DAI-10.2K DAI
% Supply Locked0.01%
Most Locked$DAI
Protocol Token-

TVL (USD) in Connext

  • TVL (USD)
  • TVL (ETH)
  • DAI
  • All
  • 1 Year
  • 90 Day
  • 30 Day
  • 7 Day
defipulse chart

What is Connext?

Connext provides infrastructure to help scale the Ethereum network. Connext’s non-custodial layer 2 payment channel technology enables off-chain, instant payments with low (or zero) transaction costs, paving the way for use cases like micropayments. Focusing on user experience and adoption, Connext launched its own implementation - the Dai Card - in March 2019. The Dai Card hosts an Ethereum wallet in the user’s web browser. Users can load the card with Dai (or ETH, which will automatically be swapped for Dai). Once funded, the Dai Card can be used to send instant payments to any other Dai Card holder (or non-holder via a link that sets up a Dai Card and let the recipient redeem the payment). The Dai Card currently imposes a $30 maximum deposit (excess deposits are refunded), and the sole payment hub is currently operated and collateralized by the Connext team. Connext launched its V1.0 and the Dai Card - aware of their limitations - to showcase payment channel capabilities and gather user info to improve future iterations, which are already in development. Connext’s V2.0 will run on Counterfactual’s framework for general state channels, be completely peer-to-peer, and support any ERC20 token. Connext has no native token and currently charges no fee.

How to use Connext

The Dai Card is currently the best way to use Connext. Just visit the site and click on your generated account’s unique avatar to make a deposit. Then you can send, request, or cash out your funds. You can burn your card from the settings page.

Ecosystem Links

EthHub - Dai CardConnext visionDai Card intro postConnext FAQConnext Discord