Shiba Inu and TurboToadToken Adopt Chainlink's CCIP for Cross-Chain Operations

user avatar

by Giorgi Kostiuk

2 years ago

Shiba Inu is among the first to implement Chainlink's Cross-Chain Interoperability Protocol (CCIP), opening up new possibilities for SHIB, BONE, and LEASH tokens.

Breaking Barriers with Chainlink CCIP

The adoption of the Cross-Chain Token (CCT) standard marks a transformative step for Shiba Inu and TURBO. Utilizing Chainlink's CCIP, tokens like SHIB, BONE, LEASH, and TURBO can now be transferred securely across 12 blockchains, while Turbo can now be transferred across the BNBChain and Ethereum networks. Shiba Inu's layer-2 solution, Shibarium, has also integrated Chainlink CCIP, enabling developers to build robust decentralized applications that operate across different blockchains within the Shibarium ecosystem.

How It Works: Cross-Chain Transfers

The CCT standard employs Chainlink’s CCIP, which enables two key methods for cross-chain token transfers:

* The Lock-and-Mint Program, facilitating token transfers from Ethereum to other supported chains.

* The Burn-and-Mint Program, extending cross-chain token movement by burning tokens on the source chain and minting them on the destination chain.

Empowering Developers on Shibarium

Shibarium developers now have access to infrastructure that supports the creation of interoperable projects. Chainlink CCIP provides tools for developing secure dApps with cross-chain capabilities.

“Chainlink CCIP enables Shibarium developers to build reliable cross-chain applications that grow the Shibarium network,” stated Shiba Inu's team.

The integration of Chainlink CCIP is a significant milestone for the Shiba Inu ecosystem, enabling secure and efficient DeFi markets while expanding opportunities for developers and users.

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

TON Foundation to Permanently Shut Down Legacy Bridge on September 1

chest

The TON Foundation has confirmed the permanent shutdown of its legacy bridge on September 1, requiring users to transition their wrapped TON and related assets back to native forms.

user avatarLeo van der Veen

PEPE and WLFI Show Volatility Amid Market Changes

chest

PEPE experiences a sharp recovery while WLFI sees steady activity following regulatory news.

user avatarLi Weicheng

Chainlink Expands Its Network with 12 New Integrations

chest

Chainlink has announced 12 new integrations across 10 blockchains, enhancing its crosschain data and infrastructure capabilities.

user avatarAisha Farooq

Flowra's Auction Framework Aims to Professionalize MEV Infrastructure

chest

Flowra's launch of the Open Orderflow Auction framework on August 21 aims to professionalize MEV and blockbuilding infrastructure on Solana, promoting a transparent and competitive transaction-ordering market.

user avatarTenzin Dorje

Honeypot Integration Gives Solana Validators More Control

chest

Honeypot integration allows Solana validators to customize block policies, enhancing control over transaction handling.

user avatarBayarjavkhlan Ganbaatar

Flowra Introduces Open Orderflow Auction for Solana Validators

chest

Flowra has launched its Open Orderflow Auction framework for Solana validators, introducing a third-party blockbuilding and MEV auction system designed around short, competitive ordering windows.

user avatarMohamed Farouk

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.