In February, Chainlink traveled to Washington, D.C., where Sergey Nazarov met with U.S. government representatives to discuss blockchain policy and financial system innovation.
Nazarov sat down with U.S. Representative Bryan Steil, Chairman of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, who shared his views on how the U.S. could become a leader in global web3 adoption.
“As we look to web3, what we should want as policymakers is for this development to occur here,” Steil said. “There’s broad bipartisan interest in the space and I actually think you’re going to see that continue to grow.”
Nazarov also spoke with the recently appointed Counselor to the Secretary of Treasury for Digital Assets, Tyler Williams, who outlined key technology and policy decisions that would put America at the forefront of blockchain innovation.
Williams emphasized the new administration’s “aggressive time frame” to recover from a period of “regulatory morass” on digital assets and highlighted bipartisan interest in blockchain technology like Chainlink Proof of Reserve (PoR) in advancing digital asset adoption.
“I think it may end up being one of the great use cases that Washington wakes up and sees,” he said.
“If you can cryptographically prove that you have custody and ownership over the assets that you say you do, and you can do it in a very real-time instantaneous manner, that’s pretty powerful. And you can see how that would be transposed into many different aspects of traditional finance as well.”
On stage with Ripple’s David Schwartz, Uniswap Labs’ MC Lader, and Blockdaemon’s Konstantin Richter at the inaugural Ondo Summit in New York City, Nazarov explained why he believes traditional finance (TradFi) will ultimately become DeFi’s biggest customer and how Chainlink-powered tokenized real-world assets (RWAs) will positively transform public understanding of the blockchain industry.
Nazarov also appeared on an episode of the New Era Finance podcast, where he and host Michaël van de Poppe went in-depth on numerous topics from how Chainlink unlocks crypto’s next multi-trillion-dollar phase of adoption to how the Chainlink Runtime Environment (CRE) could cut the time to develop complex cross-chain applications from years to days or hours.
Adoption of the Chainlink Standard, which supports a spectrum of RWA and stablecoin issuers from top DeFi protocols to some of the world’s largest financial institutions, continued to accelerate in February.
Decentralized data management platform Instruxi integrated the Chainlink standard for verifiable data and offchain compute into its Space and Time (SxT) Adapter and Beacon Functions Contract to unlock web3 applications that provide reserve verification and integrate a range of real-world data sources.
Soneium, the Ethereum layer-2 created by Sony Block Solution Labs, integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP), Data Feeds, and Data Streams on mainnet, giving developers the necessary tools to build next-gen web3 applications that reach Sony’s global audience.
Solve, the largest Bitcoin staking protocol with $2B+ TVL, deepened its PoR integration to enhance the transparency of its total protocol TVL and help realize the full potential of over $1 trillion in Bitcoin assets by driving the adoption of DeFi on Bitcoin (BTCFi).
Corn, a Bitcoin-centric Ethereum layer-2 powered by Arbitrum, adopted the Chainlink standard by integrating CCIP to enable secure cross-chain token transfers for BTC assets that accelerate BTCFi adoption.
CCIP also powered the cross-chain expansion of GHO, Aave’s algorithmic U.S. dollar-pegged stablecoin, to Base, the Ethereum layer-2 incubated by Coinbase. The GHO Cross-Chain Architecture now leverages CCIP’s Cross-Chain Token (CCT) standard to enable broader use cases for decentralized stablecoin applications.
To help the Chainlink community access current, accurate data on CCIP’s cross-chain activity, TheLinkMarine launched a significant improvement to chainlinkecosystem.com, an independent resource for tracking Chainlink integrations.
“The CCIP Metrics Dashboard is a major step forward in making cross-chain interoperability data more transparent and accessible,” he told Chainlink Today.
“As institutional adoption of blockchain accelerates, transparency is becoming increasingly crucial – especially with the wave of TradFi use cases expected to go live in 2025 and beyond.”
Created in collaboration with Chainlink Labs, the dashboard provides real-time insights into CCIP’s adoption, allowing developers, enterprises, and financial institutions to track onchain activity, monitor transaction volumes, and gain a deeper understanding of how CCIP is facilitating secure cross-chain value transfer.
“I’m incredibly proud that Chainlink has trusted chainlinkecosystem.com as the home of official CCIP metrics,” said TheLinkMarine.
“It has been a pleasure to collaborate on this initiative, ensuring the dashboard delivers accurate, accessible, and actionable insights. This level of visibility will be essential as CCIP integrates into regulated financial systems, helping both industry participants and regulators navigate the evolving blockchain landscape with confidence.”
View the entire Chainlink ecosystem in one place.