How Calyx Is Solving The $100 Billion Problem That's Fragmenting DeFi Across 19 Blockchains

Calyx is a cross-chain token launch platform that enables projects to raise funds across 19 blockchains simultaneously using NEAR Intents technology. Users can participate in token sales from any supported chain with one click, without bridges or token swapping. The platform launched with Intellex's $ITLX token sale in October 2025, which reached its soft cap. Calyx aggregates over $100 billion in liquidity and makes tokens cross-chain by default from launch. Built by Aurora on NEAR Protocol, the platform represents a potential shift from traditional single-chain launchpads toward intent-based infrastructure that abstracts away blockchain complexity. While the approach solves real fragmentation problems in DeFi, it relies on newer infrastructure with dependencies on NEAR's Intents framework and solver networks. Success will depend on whether the platform can attract quality projects, maintain reliable execution, and build trust in an industry where established launchpads have years of track records.