{"id":256809,"date":"2024-03-01T00:41:45","date_gmt":"2024-02-29T19:11:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=256809"},"modified":"2024-03-01T00:41:45","modified_gmt":"2024-02-29T19:11:45","slug":"metis-integrates-chainlinks-ccip-to-boost-ecosystem-growth-and-cross-chain-capabilities-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/metis-integrates-chainlinks-ccip-to-boost-ecosystem-growth-and-cross-chain-capabilities-crypto-news\/","title":{"rendered":"Metis integrates Chainlink\u2019s CCIP to boost ecosystem growth and cross-chain capabilities – Crypto News"},"content":{"rendered":"

Ethereum<\/a> Layer-2 network Metis<\/a> has integrated Chainlink\u2019s<\/a> Cross-Chain Interoperability Protocol (CCIP)<\/a> technology to propel ecosystem growth, according to a Feb. 29 statement shared with CryptoSlate<\/em>.<\/p>\n

The CCIP integration will give Metis access to a robust token bridge infrastructure that enhances its cross-chain capabilities<\/a>. It will also improve user and developer experiences while accelerating Layer-2<\/a> adoption in the industry.<\/p>\n

Chainlink Labs Chief Business Officer Johann Eid said:<\/p>\n

\n

\u201cBy securely interoperating cross-chain via CCIP, Metis is able to provide a more seamless developer and user experience in its ecosystem while helping to accelerate the adoption of its layer-2 network.\u201d<\/p>\n<\/blockquote>\n

Integration benefits<\/h2>\n

According to the statement, Chainlink\u2019s CCIP will serve as the \u201ccanonical token bridge infrastructure\u201d for the Metis token bridge.<\/p>\n

Initially, the integration will facilitate bridging Ethereum-based stablecoins to Metis, with further tokens and blockchains added later in the pipeline. The move is poised to significantly enhance the stablecoin ecosystem on the Layer-2 network.<\/p>\n

DeFillama data<\/a> illustrates the importance of this development, revealing a modest $41 million market capitalization for stablecoins on the Metis network compared to Ethereum\u2019s $73 billion. The CCIP integration would open Metis to Ethereum\u2019s vast stablecoin volume<\/a> \u2014 amplifying its market presence.<\/p>\n

Besides that, the collaboration offers Metis a suite of benefits, including accelerated token transfers, a standardized cross-chain interface, and access to Programmable Token Transfers. Metis also stands to gain from Chainlink\u2019s robust Web3 developer community and established presence in the capital markets.<\/p>\n

Furthermore, Metis executive lead Tom Ngo said that CCIP\u2019s cutting-edge security architecture and adoption by major industry players<\/a> were the main reasons it chose Chainlinkin its decision-making process. He added:<\/p>\n

\n

\u201cSecurity and user experience are our top priorities when it comes to the infrastructure securing the canonical Metis token bridge, and Chainlink CCIP\u2019s defense-in-depth security architecture and advanced capabilities are unparalleled.\u201d<\/p>\n<\/blockquote>\n

The post Metis integrates Chainlink\u2019s CCIP to boost ecosystem growth and cross-chain capabilities<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum Layer-2 network Metis has integrated Chainlink\u2019s Cross-Chain Interoperability Protocol (CCIP) technology to propel ecosystem growth, according to a Feb. 29 statement shared with CryptoSlate. The CCIP integration will give Metis access to a robust token bridge infrastructure that enhances its cross-chain capabilities. It will also improve user and developer experiences while accelerating Layer-2 adoption […]<\/p>\n","protected":false},"author":2,"featured_media":256810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-256809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=256809"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256809\/revisions"}],"predecessor-version":[{"id":256811,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256809\/revisions\/256811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/256810"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=256809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=256809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=256809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}