Hedera is taking a huge leap forward by adopting Chainlink's Cross-Chain Interoperability Protocol (CCIP) on its mainnet
This integration positions Hedera to accelerate adoption in DeFi and tokenized real-world assets (RWAs) ecosystems.
Hedera’s collaboration with Chainlink has been a game-changer for developers. Last year, the HBAR Foundation joined Chainlink’s Scale program, unlocking access to Chainlink’s high-quality oracle services. This partnership paved the way for Chainlink Data Feeds, Proof of Reserve, and now CCIP on Hedera, fueling the growth of Hedera’s DeFi and tokenized RWA ecosystems.
CCIP brings the security and reliability needed for cross-chain interoperability. Powered by Chainlink’s oracle networks, it supports $75 billion in DeFi total value locked (TVL) and over $20 trillion in on-chain transactions. It ensures developers can integrate tokens and services securely and without interruption, making it a solid foundation for creating next-generation decentralized apps.
Source: XKey Benefits for Developers
Access to a Growing Network: CCIP’s accelerating network effects provide access to 41+ chains. Also, as new blockchain ecosystems are added, developers can continue to build and integrate with a future-proof standard that’s designed for expansion.
Always-On Infrastructure: With zero downtime, CCIP ensures reliable transactions across chains. It’s built on the same infrastructure that supports the biggest protocols in DeFi.
Cross-Chain Token (CCT) Standard: CCTs are native cross-chain tokens secured by CCIP. This standard allows token developers to integrate new or existing tokens with minimal effort, maintaining full control over their token contracts. So, the integration process is quick and self-serve, with CCIP’s security backing every transaction.
Looking Ahead:
Greg Scullard, Executive Director of Developer Advocacy at Hashgraph, highlighted, “Secure blockchain interoperability is critical for a thriving DeFi and tokenized RWA ecosystem. We’re excited that Chainlink’s CCIP is now live on Hedera—bringing seamless, cross-chain connectivity to developers.”
Thodoris Karakostas from Chainlink Labs echoed the excitement, adding, “CCIP enables developers to build secure cross-chain apps that drive adoption and expand Hedera’s DeFi and tokenized RWA ecosystems.”
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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