Ethereum

DeFi

Chainlink

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has officially launched on ZKsync’s Era mainnet, marking a pivotal milestone for the Layer 2 scaling solution that leverages zero-knowledge (ZK) technology. This move strengthens the cross-chain functionality and interoperability of decentralized applications (dApps) on ZKsync.
Chainlink CCIP is an industry-standard cross-chain protocol that enables secure and efficient communication across different blockchain networks. The integration with <a href="https://zksync.mirror.xyz/uIAomPx9k53Zcl2MrCcBQ8tH2XZbcGtVWyoRG_51y8c" rel="noopener noreferrer nofollow" target="_blank">ZKsync aligns</a> with the shared mission of creating a unified Layer 2 ecosystem on Ethereum while improving access to ZK technology.
<h3 class="wp-block-heading" id="span-style-font-weight-400-chainlink-ccip-enhances-zksync-with-cross-chain-interoperability-span">Chainlink CCIP enhances ZKsync with cross-chain interoperability</h3>
This latest integration provides an additional on-ramp for developers and users to join the Elastic Chain ecosystem, equipping Web3 developers with the infrastructure needed to build sophisticated, feature-rich dApps. As ZKsync is a part of the Chainlink Scale, this collaboration will further connect decentralized finance (DeFi) with traditional finance (TradFi) by offering a gateway for on-chain finance.
Developers building on ZKsync Era can now leverage <a href="https://blog.chain.link/ccip-programmable-token-transfers/" rel="noopener noreferrer nofollow" target="_blank">CCIP’s programmable token</a> transfers, which allow tokens to be sent cross-chain along with instructions for the receiving smart contract. In addition, the arbitrary messaging capabilities of CCIP enable developers to create cross-chain smart contracts capable of triggering actions across various blockchain networks. This capability will enhance interoperability and efficiency across decentralized systems, facilitating the growth of multi-chain ecosystems.
Johann Eid, Chief Business Officer at Chainlink Labs, remarked:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 ZKsync has quickly become a household name in blockchain, building an environment for developers and financial institutions looking to move on-chain. The integration of Chainlink CCIP is a natural next step in expanding multi-chain access. <cite>~Johann Eid</cite>
</blockquote>
<h3 class="wp-block-heading" id="span-style-font-weight-400-chainlink-drives-asset-tokenization-and-on-chain-financial-integration-span">Chainlink drives asset tokenization and on-chain financial integration</h3>
The integration arrives amid the growing trend of financial institutions moving on-chain via asset tokenization. Marco Cora, Director at the ZKsync Foundation, pointed out that as real-world assets are increasingly tokenized, “transparent and secure cross-chain standards are essential for the broader adoption of blockchains by traditional finance.” With the inclusion of CCIP, ZKsync offers a solution for securely bridging these assets across blockchains.
This move follows a<a href="https://www.sygnum.com/news/sygnum-and-fidelity-international-partner-with-chainlink-to-provide-fund-nav-data-onchain/" rel="noopener noreferrer nofollow" target="_blank"> recent collaboration</a> between Chainlink, Fidelity International, and Sygnum, where the trio brought Fidelity International’s $6.9 billion Institutional Liquidity Fund on-chain through asset tokenization, with $50 million in reserves integrated into ZKsync’s Era ecosystem.
Chainlink continues to stand out as the major player in decentralized computing platforms, securing over $15 trillion in on-chain transaction value. Nonetheless, its market supremacy is facing competition, from Pyth and WINlinkLink. Initially holding a 48.64% market share at the beginning of the year; Chainlink now possesses 46.46% of the Oracle market as its competitors gain ground.&nbsp;&nbsp;
With this CCIP integration, Chainlink continues to lead innovations in cross-chain solutions, providing the essential infrastructure for Web3 developers, DeFi platforms, and TradFi institutions looking to expand into blockchain technology.

Chainlink’s CCIP debuts on ZKsync, boosting cross-chain capabilities

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