• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Chainlink Boosts Memecoins' Reach Through Blockchain Networks

user avatar

by Giorgi Kostiuk

7 months ago


Chainlink has made various memecoins accessible across different networks by integrating them into its services, thus increasing their reach to a broader audience.

Integration of Memecoins in Chainlink

Chainlink enables memecoins like Shiba Inu (SHIB), Turbo (TURBO), and Apu (APU) to utilize Cross-Chain Token (CCT) standards, making them accessible across 12 blockchain networks. These tokens can now be used beyond the networks they were initially launched on.

Cross-Chain Token Standards

Many memecoins, such as Simon’s Cat (CAT), Coq Inu (COQ), GOAT (GOAT), Hamster Kombat’s HMSTR, and Mog coin (MOG), have joined Chainlink’s decentralized data streams. This expansion could potentially increase the market share of memecoins by providing higher liquidity and broader usability.

Data Streams and Security

Chainlink’s data streams continuously provide off-chain market data using an oracle model. These data can be cryptographically verified on the network. The lock-and-mint mechanism facilitates token transfers between networks, enhancing token mobility.

Chainlink's expansion increases the visibility and distribution of memecoins. This has the potential to boost investment and usage rates, encouraging more frequent user engagement.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Kenya Launches National Digital Token on Solana to boost Digital Economy

chest

Kenya launches National Digital Token KenyaNDT on Solana blockchain to enhance digital finance and governance.

user avatarGiorgi Kostiuk

New Records in the Crypto Market: Bitcoin and Algorand Amidst Historical Growth

chest

Bitcoin and Algorand set new records. Algorand shows a 34% increase and mirrors the breakout pattern of XRP.

user avatarGiorgi Kostiuk

Hyperliquid's Open Interest Surge and HYPE Token Reaches All-Time High

chest

Hyperliquid reached $10.6 billion in open interest, while the HYPE token hit a record of $47, signaling growing interest in DeFi.

user avatarGiorgi Kostiuk

Bitcoin Price Reaches New High Above $118,800 Due to Institutional Interest

chest

Bitcoin surged to a record high above $118,800 driven by institutional buying and reduced exchange balances ahead of the CPI data release.

user avatarGiorgi Kostiuk

Ethereum on the Verge of Breakout: Growth Objectives and Key Levels

chest

Ethereum is approaching the crucial $3,500 level, which may catalyze further growth to $12,000.

user avatarGiorgi Kostiuk

Garlinghouse’s Leadership at Ripple: Parallels with Steve Jobs

chest

Brad Garlinghouse is compared to Steve Jobs. Analyzing his leadership and influence on the crypto market.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.