Chainlink Cross-Chain Standard Goes Live on Backed Finance
Chainlink Cross-Chain Standard Goes Live on Backed Finance
🔗 Backed's Multi-Chain Adventure Begins
Backed Finance has activated Chainlink's cross-chain interoperability standard, marking a significant development in tokenized real-world assets (RWAs).
- The integration enables bToken transfers across 5 different blockchain networks
- Implementation includes CCIP (Cross-Chain Interoperability Protocol), Proof of Reserve, and Data Feeds
- These features enhance utility, liquidity, and interoperability of tokenized assets
This builds on Backed's September 2023 commitment to Chainlink's infrastructure, expanding their existing use of Price Feeds and Proof of Reserve systems.
Coinbase Adopts Chainlink Proof of Reserve for $4.6B+ cbBTC
Coinbase has implemented Chainlink's Proof of Reserve (PoR) system to enhance transparency for over $4.6 billion worth of cbBTC reserves. The integration enables real-time verification of cbBTC reserves directly on-chain, with data published on both Base and Ethereum networks. Key points: - Verifiable reserve data available through dedicated feeds on Base and Ethereum - Part of growing trend in BTCFi (Bitcoin-backed DeFi) adoption - Follows industry movement toward greater transparency in digital asset backing This development comes amid increasing adoption of Chainlink PoR by major platforms for real-time verification of various digital assets, including ETFs, stablecoins, and tokenized funds.
Chainlink Chromion Hackathon Countdown: $230K+ Prize Pool
The Chainlink Chromion Hackathon is set to begin in two days, offering developers the opportunity to compete for prizes totaling over $230,000. Key sponsors include: - Avalanche (AVAX) - AWS Cloud - ElizaOS - Ondo Finance The event aims to accelerate blockchain innovation and development of onchain solutions. **Registration is still open** for developers looking to participate and contribute to building the future of Web3. [Register now](https://chain.link/hackathon) to secure your spot.
MUX Protocol Integrates Chainlink Data Streams on Arbitrum
MUX Protocol, a perpetual DEX aggregator, has implemented Chainlink Data Streams on their V3 platform on Arbitrum. This integration brings significant improvements: - Sub-second market data delivery - Enhanced trade execution speed - Improved conditional order processing The implementation marks a technical upgrade for MUX's derivatives aggregator, which combines their leveraged trading protocol with their native trading system. *This update builds on MUX's previous Chainlink integration announced in December 2023.*
Chainlink Rewards Season Genesis Update: 47% of LINK Stakers Have Claimed SXT
Chainlink's Season Genesis rewards program continues with 47% of eligible LINK stakers claiming their share of 100M SXT tokens. The claims represent 60% of available SXT tokens in this initial season. Key points: - Claims remain open until August 6, 2025 - 44% of SXT stakers received tokens - Program launched May 8, 2025 - Total allocation is 2% of SXT supply Eligible LINK stakers can claim their portion at [rewards.chain.link](https://rewards.chain.link/)
AI Agents: The Next Frontier in Blockchain Innovation
Former Google AI Lead and Chainlink Advisor @lmoroney explores how blockchain technology can enhance AI agent workflows. Key points: - AI agents are transforming crypto through automation and enhanced efficiency - Decentralized AI economies enable autonomous trading and resource management - DeFi systems benefit from AI-driven optimization in yields and liquidity - Interoperability improvements through AI agents make blockchain more accessible Challenges include scalability, regulatory clarity, and transparency. The integration of blockchain, oracles, and zero-knowledge proofs could provide solutions for trustworthy AI agent operations. Read more: [Building Trust in AI Agentic Workflows](https://blog.chain.link/building-trust-in-ai-agentic-workflows/)