A major step has come out in the world of Crypto and Blockchain. Chainlink has now made its powerful CCIP (Move-also Interoperability Protocol) live on Solana Community. This is the first time Chainlink’s ccip has become active on blockchain without a Non-Evm (Etreum Digital Device). Earlier, it was only being used on Etreums such as EVM-Supoported Networks.
After this integration, Solana’s power has increased further because now developers and projects have got a tool that can easily transfer data and digital assets between different blockchain networks, they also have no safety and speed compromise.
What does CCIP do?
CCIP i.e. Move-Chan Interoperability Protocol, which is a special feature of chainlink. Blockchain Connects together. Through this, it becomes easier to send digital assets, tokens and data from one network to another. This is exactly the same as we transfer money from one bank to another, but it is happening in the world of Web3.
Now that it has become active on Solana, it can create a safe and fast connection with networks like Etreum, Arbitrum, Bottom, Optimism, BNB Chain and Sonic.
Why is this integration for Solana?
Solana is a super fast and low cost blockchain community. But till now it did not have direct connection facility with EVM Networks like Etreum. Solana has also become part of multi-chain ecosystem with the arrival of CCIP of Chainlink.
This means that now projects on Solana will be able to easily transfer data and value from Ethereum or other networks. This will make dapps (decentralized programs) for developers and easier, especially for apps that run on more than one blockchain.
Which projects are going to be connected to Solana?
After this partnership of Chainlink and Solana, many big projects are now turning to Solana. These include:
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Maple finance: Who to his stabilcoin syrupusd via CCT (Move Chain Token) Standard Solana But is preparing to launch.
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Shiba inu: Popular Meme Token which will now take advantage of Solana’s fast network.
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SOLV and Subsidized Finance: Both these Defi Tasks are also preparing to bring assets on Solana with the help of CCP.
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Elizaos: This project will use ccip to expand its AI Brokers in multi-chain ecosystem.
The total market value of all these projects is around $ 19 billion (about ₹ 1.5 lakh crore), which is clear that in the coming time, the Solana EcoSystem is coming to the big level capital and liquidity.
Benefits of ccip model 1.6
Chainlink has launched a new version of CCIP 1.6, in which some important improvements have been made:
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Low transaction fees
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Better performance and scalance
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Fast integration on new blockchain
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With this, this technology has become even more economical and developer-friendly.
Pre -existing chainlink products and services are also active
Earlier, some services of Chainlink such as Value Feeds and Knowledge Streams were also present on Solana, which are used by projects like GMX-Solana and Kamino Finance. Now the joining of CCIP has made Solana even stronger and interrupted.
Conclusion
This new partnership of Solana and Chainlink can bring a big change in the world of Web3. Through the CCIP, Solana has now got the facility of a bridge that connects it to the rest of the large blockchain networks. This will provide new possibilities to developers, users will get better service and projects will get more capital and liquidity. If Solana takes full advantage of this technology, it can prove to be another major jump in Defi and Web3 Area.
