{"id":60311,"date":"2023-09-27T17:28:18","date_gmt":"2023-09-27T21:28:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=60311"},"modified":"2023-09-27T17:28:55","modified_gmt":"2023-09-27T21:28:55","slug":"chainlink-ccip-goes-live-on-base","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/chainlink-ccip-goes-live-on-base\/","title":{"rendered":"Chainlink CCIP Goes Live on Base"},"content":{"rendered":"\n

Chainlink (LINK) has announced the adoption of its Cross-Chain Interoperability Protocol (CCIP) on Base, Coinbase's layer-2 scaling solution<\/a> for Ethereum.<\/p>\n\n\n\n

\"Chainlink
Chainlink CCIP Goes Live on Base<\/figcaption><\/figure>\n\n\n\n

The capacity to send messages, manage token transfers, and execute other transactions across different blockchain systems is improved thanks to this advancement, which gives Base developers a way to create cross-chain services and apps.<\/p>\n\n\n\n

Chainlink's oracle networks are at the foundation of CCIP's technology\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. The creator, Chainlink Labs, claims that these networks have successfully protected billions of dollars' worth of assets and handled more than $8 trillion in on-chain transactions.<\/p>\n\n\n\n

\n

#Chainlink<\/use><\/svg><\/span><\/a> CCIP is now live on @BuildOnBase<\/use><\/svg><\/span><\/a> mainnet!

Discover how CCIP is empowering apps built on Base to scale faster and connect to Web3's rapidly expanding multi-chain ecosystem \ud83e\uddf5\ud83d\udc47https:\/\/t.co\/AbiGprCx1J<\/use><\/svg><\/span><\/a><\/p>— Chainlink (@chainlink) September 27, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

The chief business officer of Chainlink Labs, Johann Eid, stressed the potential of Base's scalability and the growing range of services offered by Chainlink. He said, <\/p>\n\n\n\n

\n

“Base and Chainlink aim to lead blockchain innovation, ushering in an influx of users. Together, their synergies can revolutionize cross-chain services and applications.”<\/p>\n<\/blockquote>\n\n\n\n

Numerous projects already integrate Chainlink's CCIP into Layer 2, like Raft, Nuon, Folks Finance, and Polychain Monsters. Notably, Base now incorporates Chainlink's price feeds as of March 3 of the current year.<\/p>\n\n\n\n

Jesse Pollak, the protocols lead at Coinbase and a key player in the launch of Base expressed excitement about CCIP's appearance on Base. He stressed the protocol's ability to excite programmers and open up new possibilities.<\/p>\n\n\n\n

On August 9, the Base mainnet became live, enabling developers to release applications. As a result, users and assets from Ethereum(ETH), Coinbase, and other compatible chains could switch over more easily.<\/p>\n\n\n\n

Chainlink has been proactive in reaching out to other chains. On earlier iterations of platforms like Arbitrum, Avalanche, Ethereum, Optimism, and Polygon, CCIP was implemented. <\/p>\n\n\n\n

CCIP has been adopted by significant decentralized finance platforms like Synthetix and Aave to support their cross-chain transactions<\/a>, which is noteworthy.<\/p>\n\n\n\n

The way that Chainlink's CCIP handles cross-chain bridges sets it apart. Bypassing the traditional token-wrapping methodology, CCIP uses “audited token pools” that interact with smart contracts on several chains to provide smooth inter-blockchain operations.<\/p>\n\n\n\n

Late in August, Swift, a major player in global financial communication, announced that its systems had been successfully integrated with Chainlink's protocol, uniting the worlds of traditional finance and blockchain technology<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chainlink (LINK) has announced the adoption of its Cross-Chain Interoperability Protocol (CCIP) on Base, Coinbase’s layer-2 scaling solution for Ethereum. The capacity to send messages, manage token transfers, and execute other transactions across different blockchain systems is improved thanks to this advancement, which gives Base developers a way to create cross-chain services and apps. Chainlink’s […]<\/p>\n","protected":false},"author":43,"featured_media":60313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[13662,16523,852],"class_list":["post-60311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-base","tag-ccip","tag-chainlink"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/09\/croc_1695846297507.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/60311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=60311"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/60311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/60313"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=60311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=60311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=60311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}