Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is the industry standard for cross-chain digital asset and data transfer. Leading DeFi protocols and decentralized exchanges as well as traditional financial institutions are integrating CCIP to unlock new use cases and markets for tokenized assets with unique onchain utility.
Today, Mode, an Ethereum layer-2 that rewards users for contributing to the network’s growth, announced it natively integrated CCIP as its canonical cross-chain infrastructure to support a broad range of use cases in the realm of decentralized finance (DeFi) and tokenized real-world assets.
As the industry-standard decentralized computing platform, Chainlink has enabled over $12 trillion in transaction value throughout the web3 economy. CCIP is among a comprehensive suite of Chainlink services that are critical for creating and securing tokenized assets throughout their entire life cycle across multiple blockchains.
Developers on Mode can now access CCIP’s Programmable Token Transfer and Arbitrary Messaging capabilities to eliminate liquidity silos and unlock new markets and use cases for tokenized assets. Leveraging Chainlink’s time-tested oracle infrastructure and a separate Risk Management Network that independently monitors cross-chain functions for suspicious activity, CCIP achieves the highest level of cross-chain security.
“Choosing the only interoperability solution with level-5 security as canonical cross-chain infrastructure can accelerate the long-term growth and adoption of Mode,” said James Ross, Core Contributor at Mode, in an official announcement. “We’re thrilled to integrate Chainlink CCIP to enable Mode to securely interoperate across the multi-chain ecosystem and provide Mode developers the ability to leverage CCIP’s advanced features in a single, future-proof integration.”
“We’re excited that Mode has chosen to natively integrate Chainlink CCIP as its canonical cross-chain infrastructure,” said Johann Eid, Chief Business Officer at Chainlink Labs. “Supported by CCIP’s defense-in-depth security, Mode can provide a more seamless developer and user experience in its ecosystem while helping to accelerate the adoption of its layer-2 network.”
To learn more about Mode, visit their website, X, Telegram, and Discord.