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CoinGape 2025-01-22 22:32:59

Chainlink CCIP Goes Live on Sonic To Power DeFi Applications: Details

Chainlink CCIP Goes Live on Sonic To Power DeFi Applications: Details

Sonic Labs blockchain platform has officially integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) into its mainnet. This integration allows developers on the Sonic blockchain to leverage Chainlink’s advanced infrastructure to create decentralized applications (dApps). This facilitates secure token transfers, messaging, and interoperability between Sonic and other blockchains. Chainlink CCIP Launches on Sonic, Enhancing Cross-Chain DeFi Applications In a recent press statement , Sonic Labs confirmed the deployment of Chainlink CCIP on its mainnet. This integration provides developers with tools to enable cross-chain token transfers and messaging functionalities. Chainlink CCIP supports seamless interoperability for building high-performance DeFi applications. More so, the integration allows developers to transfer tokens and execute function calls between Sonic and other blockchains. This development addresses the increasing demand for multi-chain solutions, making cross-chain interactions secure and efficient for decentralized applications. Additionally, Sonic Labs has also integrated Chainlink Data Feeds and Data Streams. These tools offer reliable, low-latency market data essential for DeFi applications. Developers can use this data to power dApps with accurate and real-time information. Chainlink Data Streams enhance the user experience by enabling fast on-chain execution, comparable to centralized exchanges. This infrastructure supports scalable and reliable application development on Sonic. Notably, Sonic Labs joins the growing list of developers leveraging Chainlink Data Feeds to enhance their applications. Recently, Aptos integrated Chainlink’s decentralized oracle network to ensure secure and scalable off-chain data for dApps. This collaboration will meet the increasing demands of the Web3 ecosystem with tamper-proof data solutions. Enhanced Scalability and Cross-Chain Capabilities The integration of Chainlink CCIP with Sonic supports the blockchain’s high throughput of 10,000 transactions per second and sub-second finality. This capability is critical for ensuring efficient cross-chain operations and supporting large-scale DeFi applications. Chainlink CCIP is designed to be future-proof, allowing the integration of additional blockchain networks and token standards. This flexibility ensures that developers on Sonic can adapt to emerging trends and build innovative applications. Head of Blockchain Partnerships at Chainlink Labs, Thodoris Karakostas, commented, “Developers can now build high-performance, cross-chain applications on Sonic that drive the industry towards mass blockchain adoption.” Moreover, just this month, Sonic Chain surpassed the $100 million TVL milestone, showcasing rapid ecosystem growth. The achievement comes within six weeks of the Sonic Genesis block going live, showing strong user adoption. The post Chainlink CCIP Goes Live on Sonic To Power DeFi Applications: Details appeared first on CoinGape .

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