Ethereum

Core

Bitcoin

Impact

Chainlink

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 The position of Chainlink as the first and most robust Oracle service in the blockchain ecosystem is about to be solidified following the <a href="https://twitter.com/ChainLinkGod/status/1681118318567243776?s=20" rel="noopener noreferrer nofollow">launch</a> of its core productivity tool, the Cross-Chain Interoperability Protocol (CCIP), on the mainnet. 
 <h2 id="chainlink-ccip-benefits">Chainlink CCIP benefits</h2> 
 <a href="https://u.today/chainlink-functions-debuts-on-avalanche-avax-details" rel="noopener noreferrer nofollow">card</a> 
 While the overall function of the Chainlink CCIP is to enhance the efficiency of its operations, it generally brings to life a number of additional benefits targeted to users across the board. One key role the CCIP will play is to help bring together the complex and numerous Layer 1 and Layer 2 protocols, as well as emerging sidechains and subnets. 
 As detailed by top Chainlink educators, data and value must flow freely to truly interoperate, a function that the CCIP is now designed to play to <a href="https://u.today/chainlink-activity-on-rise-link-shows-bullish-tendencies" rel="noopener noreferrer nofollow">boost</a> its existing capabilities. 
 <blockquote class="twitter-tweet"> 
 2/ Web3 today consists of hundreds of independent L1 chains, L2 rollups, appchains, sidechains, subnets, and more launching every weekTo create a truly interoperable Web3 ecosystem, data and value needs to be able to move seamlessly between chainsThis is where bridges come in— ChainLinkGod.eth (@ChainLinkGod) <a href="https://twitter.com/ChainLinkGod/status/1681118323080323073?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 18, 2023</a> 
 </blockquote> 
 The emergence of CCIP will also help to mitigate the security challenges associated with cross-chain bridges in the Web3.0 world. With more than $2.6 billion exploited in DeFi bridges to date, the CCIP, with its advanced securities capabilities, will find robust use. 
 The creation of a sophisticated tool like the CCIP is expected to come with a complex user experience; however, the reverse is the case. The CCIP comes with a simple plug-and-play solution to transfer tokens on-chain. The protocol's advantages are innumerable, and other side perks include Timelocked upgradability, smart execution, Active Risk Management (ARM) and programmable token transfers. 
 <a href="https://u.today/chainlink-moves-millions-of-link-in-support-of-oracle-accessibility" rel="noopener noreferrer nofollow">card</a> 
 <h2 id="impact-on-link">Impact on LINK</h2> 
 The entirety of the Chainlink CCIP launch on the mainnet is driving a very unique surge in the value of the LINK token. At the time of writing, LINK is changing hands at a price of $7.10, up by 7.02% over the past 24 hours. 
 The <a href="https://u.today/chainlink-link-setting-pace-for-bullish-growth-heres-reason" rel="noopener noreferrer nofollow">growth of LINK</a> becomes more appreciable when the performance of other top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) is brought into focus. While LINK is up today, Bitcoin is down by 0.78%, and Ethereum has plummeted by 1.20%. 
 The <a href="https://u.today/chainlinks-link-market-performance-shows-unexpected-tendencies" rel="noopener noreferrer nofollow">sentiment surrounding</a> the CCIP is driving the LINK surge with further upside in the long term.
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Chainlink (LINK) Debuts This Core Product on Mainnet: Details

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