Metis integrates Chainlink’s CCIP to boost ecosystem growth and cross-chain capabilities

Metis integrates Chainlink’s CCIP to boost ecosystem growth and cross-chain capabilities
фото показано с : cryptoslate.com

2024-2-29 22:00

Ethereum Layer-2 network Metis has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) technology to propel ecosystem growth, according to a Feb. 29 statement shared with CryptoSlate.

The CCIP integration will give Metis access to a robust token bridge infrastructure that enhances its cross-chain capabilities. It will also improve user and developer experiences while accelerating Layer-2 adoption in the industry.

Chainlink Labs Chief Business Officer Johann Eid said:

“By securely interoperating cross-chain via CCIP, Metis is able to provide a more seamless developer and user experience in its ecosystem while helping to accelerate the adoption of its layer-2 network.”

Integration benefits

According to the statement, Chainlink’s CCIP will serve as the “canonical token bridge infrastructure” for the Metis token bridge.

Initially, the integration will facilitate bridging Ethereum-based stablecoins to Metis, with further tokens and blockchains added later in the pipeline. The move is poised to significantly enhance the stablecoin ecosystem on the Layer-2 network.

DeFillama data illustrates the importance of this development, revealing a modest $41 million market capitalization for stablecoins on the Metis network compared to Ethereum’s $73 billion. The CCIP integration would open Metis to Ethereum’s vast stablecoin volume — amplifying its market presence.

Besides that, the collaboration offers Metis a suite of benefits, including accelerated token transfers, a standardized cross-chain interface, and access to Programmable Token Transfers. Metis also stands to gain from Chainlink’s robust Web3 developer community and established presence in the capital markets.

Furthermore, Metis executive lead Tom Ngo said that CCIP’s cutting-edge security architecture and adoption by major industry players were the main reasons it chose Chainlinkin its decision-making process. He added:

“Security and user experience are our top priorities when it comes to the infrastructure securing the canonical Metis token bridge, and Chainlink CCIP’s defense-in-depth security architecture and advanced capabilities are unparalleled.”

The post Metis integrates Chainlink’s CCIP to boost ecosystem growth and cross-chain capabilities appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ChainLink (LINK) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $17.68
Капитализация $0 Rank 99999
Доступно / Всего 0 LINK

cross-chain growth ecosystem ccip metis chainlink according

Источник: cryptoslate.com

cross-chain growth → Результатов: 41


Кроссчейн-протокол Axelar привлек $35 млн при оценке в $1 млрд

Сеть интероперабельности блокчейнов Axelar закрыла раунд финансирования Серии B на сумму $35 млн. По его итогам оценка стартапа достигла $1 млрд. 📢Big News: Axelar raises $35M Series B financing round at a $1B valuation🚀This investment will power the growth of the network, the team and new cross-chain integrations.

2022-2-16 17:15


Фото:

Growth DeFi On Fantom: Expanding A Novel Cross-Chain Ecosystem For Sustainability And Maximum Benefits

Growth DeFi is ramping up at a rapid pace to maximize capital efficiency and value by leveraging the power of DeFi protocols. With a vision to completely redefine the cross-chain ecosystem, Growth DeFi has revealed plans to launch on Fantom (FTM),  a highly scalable blockchain platform for DeFi, crypto dApps, and enterprise applications. This expansionRead More

2021-12-28 14:00


As Interest in Decentralized Finance Peaks, This Project May Have the Full DeFi 2.0 Package

With native cross-chain trading and very attractive Bitcoin APYs, Thorwallet offers a user-friendly UI with all the trimmings this Christmas As we near the end of a spectacularly explosive year for the growth of DeFi and blockchain technology in general, both interest and investment in the industry are at an all-time high.

2021-12-20 20:15


Фото:

Growth DeFi to Disrupt the Decentralized Cross-Chain Farming by Launching a Revolutionary Hybrid Bridge System

Decentralized finance is witnessing tremendous growth as more novel innovations contribute largely to the further development of the sphere. Growth DeFi, an emerging project seeking to bolster capital efficiency and enable investors to maximize their returns by leveraging different blockchain products on its ecosystem, has just announced its launch on the Avalanche blockchain ecosystem and […]

2021-11-29 13:25


Growth Ecosystem, King Of Cross-Chain Decentralized Farming Announces Launch On Avalanche

Growth Ecosystem, a primary DeFi cross-chain farming protocol, has finally launched on Avalanche, one of the world’s fastest-growing blockchain ecosystems. The Growth Ecosystem launched on November 13, with a  revolutionary new hybrid bridge system for its incentives token, $WHEAT, as well as a self-repaying loan feature for its overcollateralized stable coin, $MOR on Avalanche.

2021-11-18 19:35


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

The Catalysts Behind A Potentially Brewing DeFi Summer

The contraction phase of the cryptocurrency market cycle appears to be coming to an end. Led by a recovery in Bitcoin, renewed optimism in the digital asset space is driving a resurgence in a variety of sub-sectors of the crypto industry.

Metis Launches Network Testnet and Ecosystem Development Program

Ethereum-based layer 2 protocol Metis DAO has launched its first network testnet, paving the way for new developments within its ecosystem. The blockchain platform also revealed its new ecosystem development program, designed to help companies build products by leveraging blockchain technology.