News and Analytics

0

Chainlink and ZKsync Launch Cross-Chain Protocol on Era Mainnet

Sep 17, 2024
  1. What CCIP Brings to ZKsync
  2. Strengthening the Layer 2 Ecosystem
  3. Real-World Use Cases and Tokenized Assets

Chainlink announced that its Cross-Chain Interoperability Protocol (CCIP) is now live on ZKsync’s Era Mainnet, enabling seamless cross-chain token transfers and enhancing ZKsync’s capabilities.

What CCIP Brings to ZKsync

Chainlink’s CCIP is designed to solve the challenges of cross-chain communication by providing a secure, standardized protocol. Developers using ZKsync’s network can now leverage Chainlink CCIP to build sophisticated decentralized applications (dApps) that operate across multiple blockchain ecosystems.

The need for transparent and secure cross-chain standards is paramount as more financial institutions move on-chain, and this integration with Chainlink provides a gateway for these institutions.Marco Cora, Director at ZKsync Foundation

Strengthening the Layer 2 Ecosystem

ZKsync has become a prominent player in the zero-knowledge (ZK) space, particularly for its role in scaling Ethereum. The introduction of Chainlink CCIP on ZKsync will reportedly solidify the network’s standing by enabling more financial institutions and developers to operate securely across multiple chains.

ZKsync has become a household name in blockchain, and the integration of Chainlink CCIP continues our mission of creating a seamless multi-chain environment.Johann Eid, Chief Business Officer at Chainlink Labs

Real-World Use Cases and Tokenized Assets

Chainlink’s presence in the blockchain industry continues to expand as it integrates its services with various networks to improve transparency and reliability. Recently, Chainlink launched its flagship products, Chainlink Data Streams and Chainlink VRF, on Base, a Layer 2 network incubated by Coinbase. These tools are tailored to the DeFi market, offering seamless execution and enhanced user experiences. Further, last July, Chainlink partnered with Fidelity International and Sygnum to bring the Net Asset Value (NAV) of a $6.9 billion Institutional Liquidity Fund on-chain.

The integration of Chainlink CCIP on ZKsync’s Era Mainnet signifies a major advancement in establishing secure and standardized cross-chain communication, opening new opportunities for developers and financial institutions.

Comments

Latest analytics

Bead Pay: Cryptocurrency...

Bead Pay: Cryptocurrency Solutions for Global Payments

Bobby Zagotta and...

Bobby Zagotta and His Impact on the Crypto Industry

Show more

Latest Dapp Articles

Show more

You may also like