- CrossFi has launched an EVM-compatible mainnet for scalable web3 payments.
- The network supports 10,000 TPS and seamlessly connects Ethereum assets.
- Governance uses MPX tokens and the average fee per transaction is $0.02.
Cross Finance, commonly known as CrossFi, has announced the launch of its EVM-compatible mainnet, marking a significant step in the evolution of decentralized finance (DeFi) and web3 payment solutions.
CrossFi Blockchain aims to bridge the worlds of traditional finance and cryptocurrency by providing a scalable, decentralized ecosystem designed to support bulk payments and everyday transactions.
The launch of the CrossFi mainnet follows a successful testnet conducted in partnership with CoinList, which attracted over one million active wallets.
CrossFi Blockchain
The network infrastructure is built using the Cosmos SDK and Tendermint, enabling a modular design supporting up to 10,000 transactions per second (TPS).
This scalability makes CrossFi ideal for hosted payment applications that require high throughput, similar to Visa-level processing capabilities.
CrossFi, an EVM-compatible network, connects to the platform and allows for seamless integration with Ethereum-based assets that can be leveraged within the payments ecosystem.
Security is enhanced with PCI DSS certification, a data protection standard recognized by major payment card companies, ensuring the platform maintains industry-leading data transmission and storage practices.
The governance of the decentralized network is powered by the Mint Power (MPX) token, which is also used to facilitate transaction fees, averaging $0.02 per transaction.
Additionally, the Cross Finance ecosystem has a variety of financial tools, including the CrossFi App, which enables services such as staking, lending, cryptocurrency exchange, and P2P payments. Users can also utilize CrossFi xAPP for token swaps, cross-chain asset bridging, and liquidity mining.
Further strengthening the ecosystem, CrossFi supports synthetic asset issuance, over-collateralized stablecoins, and provides a decentralized platform for real-world asset trading.
By integrating multiple capabilities across its components, Cross Finance will democratize access to decentralized finance and drive the adoption of blockchain technology for global payments.
The network’s launch partners, including Alchemy and other validators, will play a key role in optimizing performance and maintaining decentralization.
With this mainnet launch, CrossFi will become a pivotal player in the evolving web3 financial landscape, helping businesses and users explore new possibilities in the digital payments space.