{"id":543072,"date":"2023-07-18T12:30:30","date_gmt":"2023-07-18T12:30:30","guid":{"rendered":"https:\/\/wncen.com\/?p=543072"},"modified":"2024-06-11T14:38:46","modified_gmt":"2024-06-11T14:38:46","slug":"chainlink-ccip-goes-live-on-mainnet-link-jumps-by-nearly-10","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink-ccip-goes-live-on-mainnet-link-jumps-by-nearly-10\/","title":{"rendered":"Chainlink CCIP Goes Live On Mainnet, LINK Jumps By Nearly 10%"},"content":{"rendered":"
The Cross-Chain Interoperability Protocol (CCIP), designed for building cross-chain applications and services, has now launched for early access users on the Avalanche, Ethereum, Optimism, and Polygon blockchains. <\/span><\/p>\n On July 20, the Chainlink protocol will become available to developers across the four blockchains\u2019 testnets and also Arbitrum\u2019s Goerli. As a result of this, t<\/span>he price of Chainlink\u2019s native token, LINK, rallied nearly 10% to touch $7.30 following this announcement on Monday.<\/span><\/p>\n In a blog post<\/a>\u00a0dated July 17, Chainlink announced the launch of the Cross-Chain Interoperability Protocol to early access users on Avalanche, Ethereum, Optimism, and Polygon blockchains. While DeFi lending protocol Aave is set to integrate the protocol, it has already been adopted on the derivatives platform Synthetix.<\/span><\/p>\n Related Reading: Bitcoin Price Needs To Clear $30,500 For Hopes of a Fresh Rally<\/a><\/p>\n According to the post, CCIP is an interoperability protocol that allows developers to design their own cross-chain solutions. It also offers “Simplified Token Transfers”, which allows protocols to swiftly send tokens across chains through audited token pool contracts.\u00a0\u00a0<\/span><\/p>\n Chainlink claims that CCIP is a blockchain layer designed to foster a connection between enterprises and any public or private blockchain ecosystem. <\/span><\/p>\n The cross-chain protocol is a collaborative effort with Swift<\/a>, the renowned global financial messaging network. It leverages Swift’s messaging infrastructure to facilitate token transfers across various public and private blockchains.<\/span><\/p>\n According to Chainlink\u2019s co-founder Sergey Nazarov, CCIP is a solution that aims to \u201cconnect the fragmented public blockchain landscape and the growing bank ecosystem into a single Internet of Contracts.\u201d <\/span><\/p>\n He also stated that such technology will be crucial to developing and maintaining a blockchain-powered society.<\/span><\/p>\n Just like key standards such as TCP\/IP remade a fragmented early internet into the single global internet we all know and use today, we are making CCIP to connect the fragmented public blockchain landscape and the growing bank chain ecosystem into a single Internet of Contracts.\u2026 https:\/\/t.co\/BDMFMfknY2<\/a> pic.twitter.com\/DDscglD2An<\/a><\/p>\n \u2014 Sergey Nazarov (@SergeyNazarov) July 17, 2023<\/a><\/p><\/blockquote>\n Some of the financial institutions and enterprises also exploring the Cross-Chain Interoperability Protocol include Australia and New Zealand Banking Group (ANZ), BNP Paribas, BNY Mellon, Citi, Euroclear, and Lloyds Banking Group.<\/span><\/p>\n Following the announcement of the CCIP launch, the price of LINK experienced a significant pump, recording an almost 10% increase in the early hours of Tuesday. However, the token\u2019s price appears to be slowing down, losing over 2% since reaching a 24-hour high of $7.29.<\/span><\/p>\n As of this writing, LINK is valued at $7.12, with a 7.3% increase in the last day. CoinGecko data<\/a> shows that the cryptocurrency has a daily trading volume of roughly $549.8 million, representing a 219% boost in the last 24 hours.<\/span><\/p>\n Related Reading: LINK Price Prediction: Chainlink Rallies Over 7% As The Bulls Aim $8.8<\/a><\/p>\nChainlink’s CCIP – The Future Of Interoperability?<\/span><\/h2>\n
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Chainlink (LINK) Up By 35% In One Month – Price Overview<\/span><\/h2>\n