• 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

New Hope for XRP Price as Clarity Act Meeting Scheduled

chest

A closed-door meeting regarding the Clarity Act Bill is set for February 10, potentially revitalizing XRP's market position.

user avatarArif Mukhtar

Cardano's Price Decline Signals Changes in Derivatives Market

chest

Cardano ADA's price has significantly dropped to 0.22, reflecting a decline in its derivatives market as Open Interest plummets due to increased volatility and the unwinding of leveraged positions.

user avatarMaria Gutierrez

CZ Zhao Urges Crypto Community to Take Responsibility

chest

CZ Zhao urges the crypto community to take personal responsibility for trading decisions, emphasizing that blaming exchanges or influencers is counterproductive in a volatile market.

user avatarDavid Robinson

Technical Indicators Show Cardano ADA Struggling

chest

Technical indicators reveal that Cardano ADA is struggling to break above key resistance zones, indicating a bearish bias.

user avatarJacob Williams

Cardano ADA Faces Selling Pressure Amid Institutional Interest

chest

Cardano's native token ADA is facing selling pressure while attracting institutional interest, trading around 0.27.

user avatarAndrew Smith

Phantom Issues Warning on Phishing Risks in Chat Features

chest

Phantom has issued a warning about the rise of phishing attacks targeting users through chat features in trading platforms.

user avatarZainab Kamara

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.