Shibarium has announced a partnership with Chainlink to adopt its blockchain interoperability standard Cross-Chain Token (CCT) with the vision of expanding and strengthening the Shiba Inu ecosystem.
Shiba Inu, a project initially known as a memecoin, has demonstrated a remarkable ability to adapt and grow, now integrating advanced technologies such as Chainlink, which allow for unprecedented interoperability in the blockchain world.
This collaboration, announced by Chainlink developers, expands Shiba Inu’s reach and strengthens its competitiveness in the cryptocurrency market.
Thanks to this alliance, SHIB, BONE and LEASH tokens will be available on 12 blockchains, facilitating secure and efficient transfers between different blockchain networks. This integration not only improves efficiency and security in transactions, but also positions Shiba Inu for broader adoption in an increasingly interconnected digital ecosystem.
Shiba Inu, Shibarium, and Chainlink Interoperability Protocols
Shibarium, a Layer 2 blockchain network built on Ethereum, has adopted Chainlink’s blockchain interoperability standard, CCIP, as its canonical infrastructure. This integration will allow Shiba Inu assets to be accessible across multiple platforms, opening the door to a variety of decentralized applications (dApps) and financial services.
Johann Eid, Chief Business Officer at Chainlink Labs, commented that the integration of Chainlink CCIP as Shibarium’s canonical cross-chain solution and the memecoin project’s adoption of the CCT standard will significantly enhance the project’s capabilities, propelling the project to broad adoption across its digital ecosystem.
Kaal, a Shiba Inu technology expert, also stressed that this integration opens the door to innovative multichain applications that will strengthen the adoption of the ecosystem. This means that users will be able to interact with SHIB, BONE and LEASH on different blockchains, improving the liquidity and functionality of these assets.
“By partnering with Chainlink, we are not just choosing an industry standard, but setting a bold new course for the Shiba Inu ecosystem.”, said Kaal,
Additionally, the recent partnership with Chainlink includes the adoption of Chainlink Data Streams, a tool that provides low-latency market data. This technology will allow Shibarium to benefit from premium, high-frequency data, which is crucial to improving performance in DeFi markets, where data speed and accuracy are essential for transactions.
What are Chainlink CCIP and CCT?
Chainlink Cross-Chain Interoperability Protocol (CCIP) and Cross-Chain Tokens (CCT) are technologies developed by Chainlink that facilitate interoperability and secure transfer of tokens between different blockchainsThese tools are crucial to expanding and strengthening crypto ecosystems, allowing for greater flexibility and efficiency in multi-chain operations.
In this sense, CCIP is a protocol designed to allow the communication and the data and asset sharing between different blockchains. This protocol provides a robust and secure infrastructure that allows developers to build multi-chain applications that can interact seamlessly and reliably.
On the other hand, Chainlink's Cross-Chain Tokens (CCT) are Native cross-chain assets secured by the Chainlink Cross-Chain Interoperability Protocol (CCIP). These tokens offer developers self-service deployment capabilities, full control and ownership, and zero-slippage transfers. Additionally, they feature a security architecture backed by Chainlink’s decentralized oracle networks (DONs), which have secured over $75.000 billion in DeFi and enabled over $17 trillion in on-chain transaction value since the beginning of 2022.
Chainlink’s CCIP and CCT are innovative technologies that significantly improve interoperability and security in the crypto ecosystem. These solutions allow tokens and data to flow efficiently and securely between different blockchains, facilitating the integration and expansion of crypto ecosystems.
For projects like Shiba Inu, which seek to integrate and expand their ecosystems across multiple blockchain networks, CCIP and CCT are fundamental tools. By adopting these technologies, Shiba Inu not only Improves the connectivity and security of your tokens SHIB, BONE and LEASH, but also opens new opportunities for innovation and growth in your network.
Oracle innovation comes to Shibarium
The Shibarium Network, designed to improve the scalability, speed, and cost-effectiveness of transactions within the Shiba Inu ecosystem, will greatly benefit from the integration of Chainlink CCIP and CCTs, enabling the creation of more efficient and secure cross-chain applications.
The adoption of Chainlink CCIP and Data Streams will also support the development of efficient and secure DeFi markets, expanding the Shibarium network and encouraging wider adoption of its ecosystem. This move will not only benefit Shiba Inu users but will also contribute to the advancement of blockchain technology in general.
