Sonic Labs, formerly Fantom, announced that the Chainlink’s cross-chain interoperability protocol has launched on the Sonic Network. Chainlink’s integration with Sonic allows developers to leverage the capabilities and benefits of the oracle network’s infrastructure. According to the announcement, developers can now use the technology to build and deploy decentralized applications available on Sonic and other blockchain networks.
Along with CCIP, Sonic Labs has implemented Chainlink data streams and data feeds. This development follows Sonic’s participation in Chainlink’s SCALE program in September 2024. Key benefits of the integration include increased network security, programmable and cross-chain tokens, and arbitrary messaging.
The Chainlink standard has already been adopted by major financial institutions and platforms, including Fidelity International, Swift, and ANZ Bank. The protocol has also been integrated with leading DeFi projects such as Lido, Aave, and GMX. Sonic’s Ethereum L1 virtual machine launched its mainnet in December 2024. The blockchain supports 10,000 transactions per second with finality in less than a second.
Image: freepik
Designed by Freepik
Read the full article here
