The Chainlink Standard has become the core solution for Hedera as the leading Enterprise-Grade Public Chain for decentralized economies after the implementation of the Chainlink Cross-Chain Interoperability Protocol (CCIP) on his main network. It offers developers access to secure applications with interoperability options for cross-chain. The Hedera team has announced that this integration serves to expand the Defi and RWA ecosystems.
With support for 46 block chains Chainlink CCIP, Hedera developers enables transactions to carry out tokens, as well as sending and implementing message promotions between different chain platforms. The implementation of CCIP will reinforce Defi and tokenized RWA systems by creating a safe stream of liquidity from blockchain to blockchain for users. Director of developer Advocacy Greg Scullard at HashGraph acknowledged that safe blockchain interimability is crucial for the growth of Defi and the tokenized RWA ecosystem.
The reliability and security of Chainlink’s Oracle networks have been demonstrated on the market by supporting more than $ 20 trillion on-chain transactions, as well as $ 75 billion in total Defi value that has been locked at its peak. The continuous operation of CCIP ensures error-free execution with cross-chain transactions, which serves as an important basis for the use of the growing ecosystem of Hedera.
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