Chainlink Unveils CCIP v1.5 Update, Enhancing Cross-Chain Tokens

user avatar

by Giorgi Kostiuk

2 years ago

Chainlink officially launched the CCIP v1.5 upgrade on the mainnet. This major enhancement allows developers to interact more easily with cross-chain tokens, providing new tools for seamless integration and deployment across multiple blockchains.

Key Features of CCIP v1.5

A pivotal feature of the CCIP v1.5 upgrade is the introduction of the Cross-Chain Token (CCT) standard. This allows token developers to integrate both new and existing tokens into the Cross-Chain Interoperability Protocol without the need to include CCIP-specific code in the token contracts.

Self-Serve Deployment and Customization

With the new upgrade, developers have the opportunity to deploy pre-audited token pool contracts to convert any ERC20-compatible token into a CCT.

Expanding USDC Access

Alongside the v1.5 upgrade, CCIP is expanding its support for Circle’s Bridged USDC Standard. This is essential for addressing liquidity fragmentation in the multi-chain ecosystem.

The release of CCIP v1.5 marks a significant milestone for Chainlink in solidifying its position within the crypto space. New features and partnerships facilitate broader adoption of their technologies.

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

Sui Foundation Unveils $10 Million Fund for AI and DeFi Development

chest

The Sui Foundation has launched a $10 million ecosystem fund aimed at fostering decentralized AI infrastructure and DeFi protocols on the Sui blockchain.

user avatarKenji Takahashi

Aave Governance Approves Parameter Update for Base Mainnet

chest

Aave governance has approved a parameter update for the Base mainnet in its v3 deployment, focusing on risk settings and collateral caps to enhance liquidity access and manage risk effectively.

user avatarMaria Fernandez

Chainlink Expands CCIP Infrastructure to Avalanche and Polygon

chest

Chainlink has launched its CrossChain Interoperability Protocol (CCIP) on Avalanche and Polygon, enhancing crosschain token transfers.

user avatarGustavo Mendoza

Hyperscale Data Ceases Bitcoin Mining to Focus on AI

chest

Hyperscale Data has ceased Bitcoin mining operations at its Michigan facility to accommodate a new AI customer, potentially generating over $12 billion in revenue.

user avatarRajesh Kumar

PONS Token Surges on Robinhood Chain

chest

The PONS token has seen a significant increase in value and market capitalization on the Robinhood Chain, with a price rise to 0.5978 and a market cap exceeding 430 million, marking a 3182% increase in just 24 hours.

user avatarMiguel Rodriguez

Ecb Releases New Report on Editorial Standards

chest

The European Central Bank has published a report emphasizing its strict editorial policy that focuses on accuracy, relevance, and impartiality.

user avatarLuis Flores

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.