Chainlink CCIP now live on ZKsync, boosting cross-chain interoperability

Chainlinks CCIP goes live on ZKsync, empowers developers to create cross-chain DApps, and fosters greater interoperability.

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Astar Network to Integrate Chainlink CCIP for Enhanced Cross-Chain Interoperability

Astar Network is set to integrate Chainlink's Cross-Chain Interoperability Protocol, enabling secure and efficient cross-chain applications for Web3 developers. (Read More)

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Chainlink (LINK)'s CCIP Implements Key Security Features Through Decentralization and Risk Management

Chainlink (LINK)'s CCIP enhances security via decentralization, independent risk management, and client diversity, ensuring a robust cross-chain ecosystem. (Read More)

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Chainlink (LINK) Introduces CCIP Programmable Token Transfers for Advanced DeFi and TradFi Applications

Chainlink (LINK)'s CCIP Programmable Token Transfers offer enhanced smart contract and tokenization use cases for DeFi protocols and TradFi institutions. (Read More)

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Chainlink brings cross-chain interoperability to Solana, unlocking $19B in asset potential

Chainlink has expanded its Cross-Chain Interoperability Protocol (CCIP) to the Solana blockchain, according to a May 19 announcement. According to the statement, CCIP facilitates secure communication and data transfer between different blockchain networks. By integrating CCIP, Solana now supports Chainlinks Cross-Chain Token (CCT) Standard, a key building block for scalable multi-chain token deployments. Solana users […]

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Chainlink to join Rapid Addition in building blockchain adapter for institutions

Chainlink Labs Vince Turcotte told Cointelegraph that they expect digitally-native institutions to be the first to adopt the integration.

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Hedera Launches Chainlink CCIP Driving HBAR Price Up by 20%

Hedera has officially launched Chainlinks Cross-Chain Interoperability Protocol (CCIP) on its mainnet. This milestone, announced via Hederas official blog, marks a new era of secure, seamless communication across blockchain networks. With Hedera now a full participant in Chainlinks Scale program through support from the HBAR Foundation, developers gain access to a reliable protocol that facilitates […]

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Chainlink launches groundbreaking features for enhanced cross-chain transactions

Blockchain Oracle provider Chainlink introduced two groundbreaking features aimed at enhancing cross-chain transactions. In an April 11 statement, the network unveiled Transporter as a versatile multichain transfer application that would facilitate seamless transactional operations across various blockchain networks, including Arbitrum, Avalanche, BNB Chain, Ethereum, WEMIX, Polygon, Optimism, and Base. Additionally, Chainlink disclosed that its cross-chain […]

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Chainlink Facing Strong Rejection From Profit-Taking, Will CCIP Recharge Demand?

One analyst on X notes that Chainlink is facing a tug-of-war between bullish momentum and strong upside resistance from profit-taking traders. For bulls to add to their longs and extend the uptrend, the existing oversupply must be moped, paving the way for more gains above immediate liquidation levels.  Profit Taking Slowing Down LINK Bulls Looking at the LINK price action in the daily chart, it is clear that buyers have the upper hand. Bulls have been relentless since the token bottomed out in September 2023.  Related Reading: Triple-Digit Gains: Ondo Finance (ONDO) Explodes 138% Should You Invest? Since then, LINK has doubled, even breaking above the psychological round number at $20. At press time, buyers are still in control, snapping back to trend despite the market-wide cool-off after Bitcoin crashed last week.  LINK is within a broader range, with clear caps at around $17.9 on the lower end and $21.7 on the upper end. After protracted expansion from September, the emergence of a ranging market could suggest that traders are exiting their positions, slowing down the uptrend. This has been confirmed by on-chain data that the analyst tagged, explaining the recent slowdown. Indeed, on-chain data suggests investors have been cashing in on the recent expansion. As a result, the excess supply needs to be absorbed by the market before LINK Bulls builds enough momentum to drive the coin to new 2024 highs above $21.8.  Chainlink CCIP Adoption To Recharge Demand? Despite the short-term headwinds, Chainlink bulls are banking on the widespread adoption of the Chainlink Cross-Chain Interoperability Protocol (CCIP) as a demand catalyst. CCIP is critical for blockchain interoperability. The solution allows secure communication between smart contracts of linked blockchains and external data sources. CCIP has been adopted by, among others, Metis, a layer-2 scaling solution for Ethereum. Circle, the issuer of USDC, a stablecoin, is also leveraging the platform to enhance interoperability. Related Reading: Hold Onto Your Seats: XRP Primed For 90% Rally, According To Top Analyst Recent data shows a surge in CCIP revenue, pointing towards increased adoption of this multichain bridging platform. As of March 26, Dune Analytics data shows that the CCIP has generated over $484,000 in revenue. This figure will likely increase as CCIP finds adoption and Chainlink integrates with even more protocols, businesses, and blockchains.  Still, the pace at which LINK breaks above March highs and registers fresh 2024 highs will also demand the performance of other coins, including Bitcoin and Ethereum. A resurgent BTC could draw more capital, lifting altcoins, including LINK, in the process. Feature image from Shutterstock, chart from TradingView

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Chainlink’s Cross-Chain Interoperability Protocol: Is CCIP the Game Changer?

In an increasingly interconnected world, the potential of blockchain technology extends far beyond isolated applications. Unveiling its grand plans, Chainlink is setting its sights on achieving full-scale blockchain interoperability with the introduction of its Cross-Chain Interoperability Protocol (CCIP). Chainlink CCIP testnet is now live. What is CCIP? Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is a protocol […]

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Is Chainlink The Most Undervalued Altcoin? It’s Do Or Die For LINK

Chainlink (LINK) is one of the cryptocurrencies that has suffered the most from the weakness of the altcoins. The LINK price has collapsed after 397 days in the range between $9.62 and $5.32, which is an extremely bearish signal. But the good news is that, after falling below support at $5.32 on 10 June, the bulls have managed to regain the level for the time being. Nevertheless, the Chainlink price is not out of the woods yet. A do-or-die moment could loom within the next few days and weeks. The renowned crypto analyst @DaanCrypto has pointed this out. Via Twitter, the analyst shared the chart below and explained that LINK could enter Phase C, the “spring”, within the Wyckoff analysis. For this to happen, however, the range must be held: $LINK Followed the plan. It deviated below its 400-day range and retook it. Wouldn’t expect this to outperform many of the new shiny coins, but the invalidation is clear as day and the risk/reward is solid. It’s do or die here, $LINK Marines. Dutch analyst Michaël van de Poppe believes the current moment offers a great opportunity. On 17 June, he tweeted, “The best time to accumulate your altcoins and Chainlink is now.” In a recent tweet, he wrote that the thesis is still valid: It’s undervalued and a synonym for the depression on altcoins. The expansion is, most likely, going to come, but it needs to break through $6 in order to make that happen. Related Reading: Chainlink (LINK) Whale Transfers Spike, Bearish Sign? Key Targets For Chainlink Bulls A look at the 1-day chart using the Fibonacci retracement levels shows that the LINK marines should not celebrate too early. Only if the $5.92 level (23.6% Fibonacci level) can be permanently regained, the bulls can celebrate a first round victory. Before that, there is always the danger that a new drop outside the previous 397-day trading range will happen. The way to the upper end of the trading range will not be easy at all. At the price level of $6.61, great selling pressure is to be expected, just like at the 200-day EMA, which is currently located at $6.86. Beyond that, $7.20 (50% Fibonacci level) and 8.60 (78.6% Fibonacci level) are crucial. Related Reading: Chainlink Bulls Must Uphold This Critical Support Line For Potential 8% Rally Huge Catalyst Coming This Summer? One event the LINK Marines are eagerly awaiting is the release of the Chainlink Cross-Chain Interoperability Protocol (CCIP). The LINK influencer @ChainlinkWoman wrote yesterday, “Chainlink just confirmed CCIP is being released on mainnet this SUMMER, SmartCon2023 is going to be fire.” The user is referring to Chainlink’s latest development update. In it, it was announced that CCIP, a global standard for cross-chain communication that provides a universal connection between any public and private blockchain, is about to be launched on mainnet. As final steps, the Chainlink devs plan to complete security audits. In addition, further tests with beta partners are planned. After that comes the “mainnet launch,with early access for users in the testing program prior to the general availability launch.” Featured image from iStock, chart from TradingView.com

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Unlocking Cross-Chain Innovation With CCIP

In his recent presentation The Future of Chainlink, Chainlink Co-founder Sergey Nazarov discussed the significance of the Cross-Chain Interoperability Protocol (CCIP) for the blockchain ecosystem and how it will help enable developers to build the next evolution of smart contracts that leverage the advantages of multiple blockchain networks, as well as off-chain services. Below is […]

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Chainlink (LINK) Bulls Reclaim Dominance With 16% Rally, Here’s Why

Chainlink (LINK) is currently on an uptrend, with the bulls showing much dominance in today’s market. According to data from CoinMarketCap, LINK is up by 16.94% in the last 24 hours, emerging as one of the biggest daily gainers in the crypto market. What’s Driving LINK’s Price Today? According to the on-chain analytics platform Lookonchain, LINK’s price gain appears to have been triggered by some recent whale activity.  Lookonchain reports that two whale addresses, “0xc212” and “0x86bd,” which they suspect belong to the same person, purchased $6 million worth of LINK in the early hours of Thursday. 2 whales (probably the same person) bought a total of 788,877 $LINK ($6 million) for $7.62 just now. The whale swapped all 3,074 $stETH ($5.87M) and 71 $ETH ($136K) for 788,877 $LINK. This purchase increased the price of $LINK by 6.5%. pic.twitter.com/ajLBP8Vesz — Lookonchain (@lookonchain) July 20, 2023   The transaction was made by both whale addresses swapping a total of 3,074 stETH, valued at $5.87 million, and 71 ETH, valued at $136,000, for 788,877 LINK tokens. Related Reading: Solana (SOL) Continues To Shine With Over 20% Surge – What’s Next? Lookonchain noted that this whale movement immediately boosted LINK’s price by 6.5%, and the token appears to have been on an uptrend since then. Interestingly, Lookonchain has also reported two more whale transactions on the Chainlink network in the last hour.  The analytics platform notes that the whales with the wallet address “0x0fAC” and “0x67c8” have just purchased a total of 227,281 LINK tokens valued at $1.82 million. 2 more whales also bought a total of 227,281 $LINK ($1.82M) in the past hour. Whale”0x0fAC” swapped 500 $rETH ($1.03M) and 151.6 $stETH ($290K) for 161,558 $LINK just now. Whale”0x67c8″ borrowed 500K $USDC from#Aave and bought 65,723 $LINK 1 hour ago.https://t.co/pRCcK2tQAa pic.twitter.com/fyK3U6pH9U — Lookonchain (@lookonchain) July 20, 2023 For now, there is no clear motive behind these whale transactions. However, LINK investors are advised to monitor the next move of these whales due to the possible effects on the market. Chainlink has been one of the major blockchain projects in the news this week following the launch of its Cross-Chain Interoperability Protocol (CCIP) on July 17.   According to a blog post by the project’s management team, the CCIP protocol is expected to be accessible to developers on various testnets starting from July 20. These testnets include Arbitrim Goerli, Avalanche Fuji, Ethereum Sepolia, Optimism Goerli, and Polygon Mumbai. LINK Price Analysis And Prediction Analyzing the daily LINK chart, the Relative Strength Index shows the token has entered the overbought zone and is likely to reverse soon.  This prediction is further backed by the token’s price movement, which shows that LINK is approaching a significant resistance at the $9.1 zone, which has not been broken in the last 14 months. Related Reading: Chainlink CCIP Goes Live On Mainnet, LINK Jumps By Nearly 10% If the resistance level holds strong again, LINK is likely to decline, retesting at the $5.3 price zone, which has also served as a strong support level since last year. At the time of writing, LINK is trading at $8.02, with a 1.67% increase in the last hour. The token’s daily trading volume is also up by 62.19% and is sitting at $497.4 million. With a market cap of $4.3 billion, LINK ranks as the 21st-largest cryptocurrency.  LINK Trading At $8.058 On The Daily Chart | Source: LINKUSD Chart On Tradingview.com Featured Image From Chainlink, Chart From Tradingview

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Whale Rapidly Accumulating Chainlink: Whats Going On With LINK?

A mysterious whale is rapidly accumulating Chainlink (LINK). According to Lookonchain, the unknown entity, possibly an institution, withdrew over 2.2 million LINK (worth $42.38 million) via 47 new wallets from Binance, the world’s largest crypto exchange by trading volume, in two days. This sudden block withdrawal now raises questions about what’s driving the whale’s interest and what it could mean for LINK in the coming days. Chainlink Is Key In DeFi And NFTs, Gradually Improving  Chainlink is a popular project that provides secure middleware services and allows smart contracts to access tamper-proof external data. For this role, the platform has been adopted by multiple protocols offering decentralized finance (defi) services in Ethereum and beyond.  Additionally, Chainlink plays a role in non-fungible tokens (NFTs) through its random number generator (RNG). It continues to release new products and enhance its features. Related Reading: Market Dip? Not For Dogecoin Wallets As Over 400,000 New Users Drive Frenzy Upward To illustrate, in November, Chainlink upgraded its staking mechanism, releasing v0.2, which significantly increased the pool size to 45 million LINK.  The platform noted that the decision was to attract more investors and, more importantly, bolster its security while concurrently aligning with its broader objective of attaining the “Economics 2.0” plan. Initially, staking began in December 2022. The goal was to incentivize participation by expanding the utility of LINK and allowing stakers to receive rewards.  The release of v0.2 in November means more tokens can be locked, helping make LINK scarce, considering the role of the token in the vast Chainlink ecosystem.  Trackers show that over 40.8 million LINKs have been locked so far. Chainlink confirms that anyone can earn a variable reward rate of 4.32%. Beyond staking, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is gaining adoption. To illustrate, the Hong Kong Monetary Authority (HKMA) initiated its first phase of e-Hong Kong Dollar (e-HKD) trials in November, integrating CCIP.  Related Reading: Ripple Initiates Large XRP Transactions Post Legal Setback As part of this trial, the regulator wanted to illustrate the capabilities of programmable payments enabled by Chainlink via its solution, CCIP. In DeFi, protocols such as Synthetix and Aave have adopted CCIP.  Will LINK Breach $20? With more protocols and traditional institutions leveraging the technology, the demand for LINK (and prices) will likely increase as the fear of missing out (FOMO) kicks in. While the whale’s motives remain unknown, their large-scale LINK accumulation suggests they might be bullish on the token. Notably, it coincides with the sharp expansion of LINK prices in the past 48 hours.  So far, the token is changing hands slightly below the $20 psychological resistance. Any breakout above this level might lift the token to around $35 in Q3 2021. Feature image from iStock, chart from TradingView

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Chainlinks LINK token hits five-month high in exchange balance amid $75 million inflow

Chainlink’s LINK token has surged to a five-month high in exchange balance, marking a notable uptick in inflows for the first time this year. The Glassnode charts below show that approximately $75 million worth of LINK has flooded onto cryptocurrency trading platforms since Feb. 1. Consequently, its exchange balance has surged to around 120 million […]

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The Best 4 Crypto to Join Now if Youre Ready to Level Up Your Investments

Is cryptocurrency the way to level up your finances in 2025? With blockchain tech changing the game, everyones looking for the best investments to secure massive returns. But lets be realnot every coin is worth your time or money. Thats why finding the right crypto projects is so important, whether you’re after short-term gains or […]

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How Chainlink’s CCIP Tackles Cross-Chain Security Concerns

With CCIP, Chainlink has taken measures to tackle the vulnerabilities of cross-chain protocols.

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Chainlink CCIP Goes Live On Mainnet, LINK Jumps By Nearly 10%

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. On July 20, the Chainlink protocol will become available to developers across the four blockchains’ testnets and also Arbitrum’s Goerli. As a result of this, the price of Chainlink’s native token, LINK, rallied nearly 10% to touch $7.30 following this announcement on Monday. Chainlink’s CCIP – The Future Of Interoperability? In a blog post dated 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. Related Reading: Bitcoin Price Needs To Clear $30,500 For Hopes of a Fresh Rally 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.   Chainlink claims that CCIP is a blockchain layer designed to foster a connection between enterprises and any public or private blockchain ecosystem. The cross-chain protocol is a collaborative effort with Swift, the renowned global financial messaging network. It leverages Swift’s messaging infrastructure to facilitate token transfers across various public and private blockchains. According to Chainlink’s co-founder Sergey Nazarov, CCIP is a solution that aims to “connect the fragmented public blockchain landscape and the growing bank ecosystem into a single Internet of Contracts.” He also stated that such technology will be crucial to developing and maintaining a blockchain-powered society. 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.… https://t.co/BDMFMfknY2 pic.twitter.com/DDscglD2An — Sergey Nazarov (@SergeyNazarov) July 17, 2023 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. Chainlink (LINK) Up By 35% In One Month – Price Overview 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’s price appears to be slowing down, losing over 2% since reaching a 24-hour high of $7.29. As of this writing, LINK is valued at $7.12, with a 7.3% increase in the last day. CoinGecko data shows that the cryptocurrency has a daily trading volume of roughly $549.8 million, representing a 219% boost in the last 24 hours. Related Reading: LINK Price Prediction: Chainlink Rallies Over 7% As The Bulls Aim $8.8 A broader look at the Chainlink market reveals that the LINK price has been on an upward trajectory in recent weeks. Thanks to this bullish momentum, the token has gained about 35% in the past month. LINKUSD trading at $7.091| Source: LINKUSD chart from TradingView Featured image from Binance Academy, chart from TradingView

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LINK Soars 10% As Chainlink CCIP Ventures Into Early Access On Multiple Blockchains

Chainlink (LINK) witnessed a 10% surge and showed signs of consolidation on its weekly chart. However, the altcoin struggled to break through key resistance levels over the past week, mirroring the indecision observed in other altcoins amid the broader market sentiment. Notably, LINK experienced minor gains in the last 24 hours. Technical analysis suggests a […]

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Shiba Inu advances DeFi strategy with Chainlink partnership

Shiba Inu has taken a significant step forward by partnering with Chainlink to enhance cross-chain functionality and data integration across its ecosystem, according to a Dec. 19 statement. This collaboration introduces cutting-edge interoperability features and positions the Shiba Inu network for broader adoption. Unlocking cross-chain potential The collaboration integrates Chainlink’s Cross-Chain Token (CCT) standard into […]

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