Chainlink Launches Cross-Chain Token Standard: LINK Gains 6%

user avatar

by Giorgi Kostiuk

2 years ago

Chainlink announced a major upgrade to the Cross-Chain Interoperability Protocol v1.5, now live on mainnet for all developers.

Chainlink Introduces CCIP v1.5

On January 15, the Chainlink team announced the Cross-Chain Interoperability Protocol v1.5 upgrade is now live on mainnet for all developers. This upgrade allows developers to take their tokens cross-chain in a self-serve manner and deploy Cross-Chain Tokens (CCTs) across more than twenty blockchains in minutes.

New CCT Standard

CCIP v1.5 introduces the Cross-Chain Token (CCT) standard, which provides developers with full control, enhanced programmability, and zero-slippage transfers. Developers are not required to embed any CCIP-specific code into their token’s smart contract to utilize CCT. The upgrade also includes a CCIP Token Manager for streamlined deployment and management of CCTs.

LINK Price Increase

Chainlink’s native token, LINK, gained about 6% on the day to reach an intraday high of $20.60 during early trading in Asia on Wednesday. LINK has suffered a decline of approximately 30% over the past month, but buyers have again pushed its price back to resistance at $20.

The introduction of the CCT standard and the CCIP v1.5 upgrade offer developers new opportunities for integrating cross-chain functionality, fostering growth and popularity of Chainlink projects.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

OpenAI Launches New Agentic Browser Feature for ChatGPT Work

chest

OpenAI has launched a new agentic browser feature in ChatGPT Work, allowing the AI to manage tasks on login-protected sites while maintaining session persistence.

user avatarAyman Ben Youssef

Surge in AI-Generated Vulnerabilities Threatens Bitcoin Security

chest

The Bitcoin Red Team reports a surge in AI-assisted vulnerability findings across Bitcoin projects, highlighting the urgency of addressing security flaws.

user avatarTando Nkube

Core Lightning Developers Issue Urgent Warning on Vulnerabilities

chest

Core Lightning developers issue critical warning to node operators about vulnerabilities in AI-generated security reports, urging prompt updates or offline operation to secure payment channels.

user avatarKofi Adjeman

Experts Warn Against Short-Term Predictions for Bitcoin Prices

chest

Experts warn against over-reliance on single-day ETF flows for predicting Bitcoin prices, emphasizing long-term trends.

user avatarNguyen Van Long

Dormant Bitcoin Wallets Come to Life

chest

Six dormant Bitcoin wallets have moved a total of 55,359 BTC, worth approximately $40.15 million, between August 16 and August 26.

user avatarSatoshi Nakamura

SEC Proposes New Rules for Crypto Custody Regulations

chest

The SEC has proposed new rules to modernize crypto custody regulations for investment advisers and companies.

user avatarJesper Sørensen

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.