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

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

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum Mainnet Activity Soars to New Heights Despite Market Challenges

chest

Ethereum's mainnet activity has surged to nearly 3 million daily transactions, reaching an all-time high despite bear market conditions.

user avatarLi Weicheng

Shielded Labs Calls for Urgent Action on Zcash Sustainability

chest

Shielded Labs calls for urgent action from the Zcash community on long-term sustainability changes, emphasizing the need for clarity around future security and emissions to attract investment.

user avatarAisha Farooq

Burnett Discusses AI's Impact on Bitcoin and the Economy

chest

Joe Burnett discusses the impact of AI on the economy and Bitcoin, highlighting how AI-driven deflation may increase demand for Bitcoin as a stable asset.

user avatarBayarjavkhlan Ganbaatar

Joe Burnett Predicts Bitcoin Could Reach $11 Million by 2036

chest

Joe Burnett predicts Bitcoin could reach $11 million by 2036 as a dominant long-duration savings asset.

user avatarTenzin Dorje

South Korea Investigates Rising Cryptocurrency-Related Crimes

chest

South Korean authorities are expanding their investigation into a series of cryptocurrency-related crimes, including attempted murder over Bitcoin disputes.

user avatarMohamed Farouk

Bitcoin Analyst Warns of Market Challenges While Staying Bullish Long-Term

chest

Market analyst Caleb Franzen advises investors to remain strategic amid current Bitcoin market challenges, emphasizing the importance of understanding bear market behavior.

user avatarElias Mukuru

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.