Chainlink Launches Cross-Chain Interoperability Protocol On Ethereum, Optimism, Polygon, Avalanche Blockchains
Portfolio Pulse from Murtuza Merchant
Chainlink has launched its Cross-Chain Interoperability Protocol (CCIP) on Ethereum, Optimism, Polygon, and Avalanche blockchains. The protocol is designed to facilitate the development of cross-chain applications and services. Major DeFi protocols such as Synthetix and Aave are adopting the protocol. CCIP provides developers with the flexibility to build their own cross-chain solutions and enables protocols to transfer tokens across chains quickly and securely.
July 17, 2023 | 6:51 pm
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POSITIVE IMPACT
Aave's adoption of Chainlink's protocol could potentially increase the utility and demand for AAVE.
Aave's adoption of Chainlink's protocol could potentially increase the utility and demand for AAVE as it facilitates the development of cross-chain applications and services.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The launch of Chainlink's protocol on Avalanche could potentially increase the utility and demand for AVAX.
The launch of Chainlink's protocol on Avalanche could potentially increase the utility and demand for AVAX as it facilitates the development of cross-chain applications and services.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The launch of Chainlink's protocol on Ethereum could potentially increase the utility and demand for ETH.
The launch of Chainlink's protocol on Ethereum could potentially increase the utility and demand for ETH as it facilitates the development of cross-chain applications and services.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Chainlink's launch of its Cross-Chain Interoperability Protocol on multiple blockchains could potentially increase the utility and demand for LINK.
The launch of Chainlink's Cross-Chain Interoperability Protocol on multiple blockchains could potentially increase the utility and demand for LINK as it is being adopted by major DeFi protocols such as Synthetix and Aave.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The launch of Chainlink's protocol on Polygon could potentially increase the utility and demand for MATIC.
The launch of Chainlink's protocol on Polygon could potentially increase the utility and demand for MATIC as it facilitates the development of cross-chain applications and services.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Synthetix's adoption of Chainlink's protocol could potentially increase the utility and demand for SNX.
Synthetix's adoption of Chainlink's protocol could potentially increase the utility and demand for SNX as it facilitates the development of cross-chain applications and services.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75