The Chainlink standard has become the core solution for Hedera as the leading enterprise-grade public chain for decentralized economies after the implementation of the Chainlink Cross-Chain Interoperability Protocol (CCIP) on its mainnet. It provides developers with access to secure applications with cross-chain interoperability capabilities. The Hedera team announced that this integration serves to expand the DeFi and RWA ecosystems.
With support for 46 blockchains Chainlink CCIP allows Hedera developers to conduct transactions to transfer tokens, as well as send and execute message actions between different chain platforms. The implementation of CCIP will strengthen DeFi and tokenized RWA systems by creating a secure flow of liquidity from blockchain to blockchain for users. Director of Developer Advocacy Greg Scullard at Hashgraph acknowledged that secure blockchain interoperability is critical to the growth of DeFi and the tokenized RWA ecosystem.
The reliability and security of Chainlink’s oracle networks have been demonstrated in the marketplace by supporting over $20 trillion in on-chain transactions, as well as $75 billion in total DeFi value locked at its peak. The continuous operation of CCIP ensures error-free execution in cross-chain transactions, thereby serving as a key foundation for the deployment of the growing Hedera ecosystem.
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