The Chainlink customary has turn out to be the core resolution for Hedera because the main enterprise-grade public chain for decentralized economies after the implementation of the Chainlink Cross-Chain Interoperability Protocol (CCIP) on its mainnet. It supplies builders with entry to safe functions with cross-chain interoperability capabilities. The Hedera crew introduced that this integration serves to develop the DeFi and RWA ecosystems.
With assist for 46 blockchains Chainlink CCIP permits Hedera builders to conduct transactions to switch tokens, in addition to ship and execute message actions between totally different chain platforms. The implementation of CCIP will strengthen DeFi and tokenized RWA techniques by making a safe movement of liquidity from blockchain to blockchain for customers. Director of Developer Advocacy Greg Scullard at Hashgraph acknowledged that safe blockchain interoperability is important to the expansion of DeFi and the tokenized RWA ecosystem.
The reliability and safety of Chainlink’s oracle networks have been demonstrated within the market by supporting over $20 trillion in on-chain transactions, in addition to $75 billion in whole DeFi worth locked at its peak. The continual operation of CCIP ensures error-free execution in cross-chain transactions, thereby serving as a key basis for the deployment of the rising Hedera ecosystem.
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