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- Chainlink’s Cross-Chain Interoperability Protocol (CCIP) goes live on the Ethereum Layer-2 network, Base, facilitating enhanced cross-chain applications and services.
- This integration follows Chainlink’s Price Feeds activation on Base last month, further extending the capabilities accessible to developers on this platform.
In an event that underscores the relentless march towards seamless blockchain interoperability, Chainlink‘s Cross-Chain Interoperability Protocol (CCIP) has been activated on Base, the Layer-2 network under the patronage of Coinbase. This strategic integration is set to empower developers by opening doors to a robust interoperability protocol for crafting cross-chain applications and services.
Nurturing Cross-Chain Synergy on Base
Post the successful deployment of Chainlink Price Feeds on Base just a month ago, this fresh integration of Chainlink’s CCIP is a testament to the continual endeavors aimed at elevating the functional landscape of the Base network. The voice at the helm of Base, Jesse Pollak, anticipates that the unveiling of CCIP on Base will capacitate developers to architect secure cross-chain applications, thereby fostering an atmosphere of innovation and exploration of new blockchain use cases.
This integration further embellishes Chainlink’s growing repertoire of network collaborations which already includes eminent names like Ethereum, Polygon, Avalanche, Optimism, and Arbitrum, with Base becoming the sixth entrant to this illustrious list.
The sentiments echoed by Johann Eid, the Chief Business Officer at Chainlink Labs, encapsulate the essence of this integration. He remarked,
“The confluence of Base’s scalability and technological prowess as a Layer-2 solution, with the ever-expanding suite of Chainlink services, heralds a promising era for developers endeavoring to concoct the next-gen cross-chain applications and services.”
CCIP: Spearheading Interoperability Ambitions
The CCIP is envisioned as a keystone for cross-chain communication, bridging the divide between diverse blockchains and traditional Web2 applications, akin to the SWIFT payment system in function. Chainlink Labs posits that the protocol has already safeguarded billions in assets while facilitating an astonishing $8 trillion in on-chain transaction value.
Sergey Nazarov, Chainlink’s co-founder and acting CEO, has previously emphasized their ambition of positioning CCIP as the “new gold standard” for cross-chain interoperability, an objective that seems progressively achievable with prominent decentralized finance (DeFi) platforms like Synthetix and Aave being early adopters, and now with Base joining the fold.
