Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is the industry standard for digital asset and data transfer used by leading blockchains, layer-2s, DeFi protocols, and traditional financial institutions to unlock new use cases and markets for crypto, stablecoins, and tokenized assets.
Today, Bitlayer, the first Bitcoin (BTC) layer-2 built on the Bitcoin Virtual Machine (BitVM) model, announced it adopted the Chainlink standard by integrating CCIP as its canonical cross-chain infrastructure. Developers on Bitlayer can now use CCIP to build secure cross-chain applications that drive the adoption of DeFi on BTC (BTCFi.)
Leveraging Chainlink’s battle-tested decentralized oracle network, which has enabled over $19 trillion in transaction value across 20+ blockchains, CCIP achieves the highest level of cross-chain security and features a separate Risk Management Network that independently monitors for suspicious activity. The new CCIP v1.5 upgrade allows developers on supported blockchains to turn any ERC-20-compatible token into a Cross-Chain Token (CCT).
Innovations such as the Finality Stack BTC verification layer and RtEVM high-performance transaction processing engine allow Bitlayer to offer trust-minimized BTC bridging, EVM compatibility, and unlimited throughput without compromising BTC’s security. CCIP-powered cross-chain applications on Bitlayer are poised to broaden BTCFi’s user base and help unlock trillions of dollars in BTC liquidity.
“Chainlink CCIP enables Bitlayer developers to build secure, feature-rich cross-chain applications that expand the BTCFi economy,” said Bitlayer co-founder Charlie Hu in an official announcement.
Johann Eid, Chief Business Officer at Chainlink Labs, added, “It’s great to see that the Chainlink standard is now live on Bitlayer, whose efforts to ensure Bitcoin-equivalent security and next-level scalability act as a positive force for the greater BTCFi ecosystem.”
To learn more about Bitlayer, visit their website, X, Telegram, Discord, and GitHub.