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

Solana Validators Prepare for Governance Vote on Economic Proposals

chest

Solana validators are preparing for a governance vote on a package aimed at reducing SOL issuance pressure through fee burning and inflation reduction, with the vote scheduled for August 23.

user avatarTomas Novak

Federal Judge Rules Justin Sun's Case Against World Liberty Financial to Remain in Open Court

chest

A federal judge in San Francisco ruled that Justin Sun's legal battle with World Liberty Financial over $45 million in frozen tokens will remain in open court, rejecting the company's bid for arbitration.

user avatarKaterina Papadopoulou

New Report Published Utilizing Primary Source Documentation.

chest

The report is based on information released in disclosures at primary source documentation, ensuring that the information provided is accurate and reliable.

user avatarMaya Lundqvist

US Spot Bitcoin ETFs Experience Record Inflows

chest

US spot Bitcoin ETFs saw a significant inflow of $60.6 billion on Thursday, marking their largest single-day gain since May 1.

user avatarLeo van der Veen

New Study Emphasizes the Significance of Primary Source Documentation.

chest

The report highlights the importance of primary source documentation for providing accurate and reliable information.

user avatarLi Weicheng

Cumulative Inflows into US Spot Solana ETFs Reach $116 Billion

chest

Cumulative inflows into US spot Solana ETFs have surpassed $116 billion, indicating growing institutional interest in the token.

user avatarTenzin Dorje

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.