Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is the industry standard for cross-chain digital asset and data transfer. Leading DeFi protocols and DEXs as well as traditional financial institutions are integrating CCIP to unlock new use cases and markets for tokenized assets with unique onchain utility.
Today, permissionless Ethereum layer-2 network Metis announced CCIP is now live as its canonical cross-chain infrastructure. The initial integration allows secure cross-chain messaging and transfers of the LINK token between Ethereum and Metis, with new lanes facilitating cross-chain transfers of additional tokens expected in the future.
As the industry-standard decentralized computing platform, Chainlink has enabled over $12.5 trillion in transaction value through a comprehensive set of decentralized oracle services. CCIP allows tokens and messages to be transferred simultaneously via Programmable Token Transfers and achieves the highest level of cross-chain security with a separate Risk Management Network that independently monitors for suspicious activity.
Metis was among the first members of Chainlink Scale, a program designed to accelerate the growth of blockchain and layer-2 ecosystems through services such as CCIP.
“CCIP will unlock a whole host of cross-chain use cases for the Metis ecosystem, transforming DeFi, DAOs, and more,” said Johann Eid, Chief Business Officer at Chainlink Labs, in an official announcement.
“With Chainlink CCIP now live as Metis’ canonical cross-chain infrastructure, developers can unlock an array of transformative cross-chain use cases,” added Metis co-founder Kevin Liu. “With cross-chain applications underpinned by the industry-standard CCIP, liquidity is set to flow into Metis’ ecosystem and help scale DeFi.”
Metis is also now supported on Transporter, Chainlink’s highly secure, CCIP-powered app for bridging tokens and messages across blockchains. With Transporter, users can securely transfer tokens to Metis, further boosting liquidity throughout the Metis ecosystem.
To learn more about Metis, visit their website, X, Telegram, Discord, and GitHub.