Chainlink

Since the start of 2024, the industry has experienced two significant cross-chain hacks resulting in nearly $90M in losses. To bring financial institutions onchain and scale digital assets, Chainlink emphasizes a security-first approach. Chainlink's Cross-Chain Interoperability Protocol (CCIP) has reached the highest level of cross-chain security and meets enterprise-grade requirements. The security architecture of CCIP was the deciding factor for MetaRisk Labs and Redacted Cartel in selecting Chainlink's solution for their cross-chain operations.

Chainlink CCIP now supports cross-chain USDC transfers through an integration with Circle Cross-Chain Transfer Protocol (CCTP). The CCIP's defense-in-depth infrastructure ensures a high level of security for these transfers.

Abyss World, a fantasy action role-playing game (ARPG), has joined Chainlink BUILD to gain enhanced access to Chainlink's oracle services and technical support. In return, Abyss World will make a percentage of its total native token supply available to Chainlink service providers. The long-term vision of Abyss World is to build a seamless gaming universe in Nordinia, offering true in-game ownership and a multi-genre, platform-spanning experience. As part of BUILD, Abyss World will receive benefits such as access to Chainlink CCIP and new product releases.

Chainlink CEO Sergey Nazarov predicts that we will start to see the convergence of decentralized finance (DeFi) and traditional finance (TradFi), with banks, asset managers, and TradFi becoming the largest customers of DeFi protocols.

Chainlink is sponsoring the Avalanche Frontier: Decentralized Consumer Application Hackathon. Participants have the opportunity to share in $10K of Chainlink prizes by using Chainlink CCIP and/or Functions in a consumer-facing app on Avalanche.

Banks are using Chainlink Cross-Chain Interoperability Protocol (CCIP) to transact with each other across different blockchain networks, a development never seen before in the industry. This signifies the growing adoption and exploration of onchain finance.

Sergey Nazarov, the founder of Chainlink, believes that the approval of Bitcoin ETFs will lead to an influx of traditional institutions participating in crypto. Similar to when PayPal launched cryptocurrency buying options or banks started offering crypto custody, the approval of Bitcoin ETFs is expected to attract large financial firms like BlackRock and Fidelity to actively participate in the crypto markets.

This blog provides eight essential considerations for dApp developers when choosing a cross-chain service, helping them avoid vendor lock-in.

Kunji Finance is joining Chainlink BUILD to gain access to Chainlink's oracle services and technical support for its copy trading platform. In return, Kunji Finance will make 3% of its token supply available to Chainlink service providers. Kunji Finance aims to attract Web3 users through decentralized copy trading.

Ledgity Yield has joined Chainlink BUILD to gain enhanced access to Chainlink's industry-leading oracle services and technical support for its institutional-grade stablecoin yield protocol. In return, Ledgity Yield will make 4% of its total native token supply available to Chainlink service providers. Ledgity Yield aims to be the leading solution for users to earn yield on stablecoins, and as part of BUILD, they will receive benefits such as access to Proof of Reserve and CCIP integration, as well as early access to Chainlink product releases.