<\/p>\n
Transporter leverages Chainlink\u2019s Cross-Chain Interoperability Protocol (CCIP), which is enjoying a recent surge in adoption.<\/p>\n
Chainlink is entering the competitive cross-chain bridging sector with the launch of its Transporter bridge.<\/p>\n
On April 11, Chainlink announced the launch of Transporter, a decentralized application for bridging tokens and messages across multiple networks built on top of Chainlink\u2019s Cross-Chain Interoperability Protocol (CCIP).<\/p>\n
Transporter allows users to transfer assets across Ethereum, Layer 2 networks Arbitrum, Base, Optimism, the Polygon PoS sidechain, and Layer 1 networks Avalanche, BNB Chain, and Wemix.<\/p>\n
\u201cTransporter makes it easier to utilize the security benefits of Chainlink CCIP for the transfer of large token value and critical messages across chains,\u201d said Sergey Nazarov, co-founder of Chainlink. \u201cHaving a secure way to move both value and data across chains is something the blockchain industry has needed for years and I\u2019m excited that Transporter is making that more accessible.\u201d<\/p>\n
Transporter marks Chainlink\u2019s entrance into the heavily populated cross-chain interoperability space. With the DeFi sector proliferating across multiple networks and Ethereum\u2019s Layer 2 sector rapidly expanding, popular bridges stand to earn sizable fees in exchange for facilitating cross-chain asset flows.<\/p>\n
However, bridges have also historically proved to comprise a honeypot attracting the efforts of hackers, with four cross-chain protocols ranking among the five largest DeFi exploits on record with combined losses of roughly $2.15 billion<\/a>, according to Rekt.<\/p>\n Chainlink said Transport boasts a \u201cdefense-in-depth security model\u201d underscored by its time-tested infrastructure, in addition to \u201c24\/7 global support.\u201d<\/p>\n The application was developed by Chainlink Labs in partnership with the Chainlink Foundation. Chainlink said that the venture capital firms Fourth Revolution Capital and Moonrock Capital are among a cohort of early Transporter users.<\/p>\n Transporter does not impose extra charges on top of the regular CCIP fees, which cover gas costs and fees for CCIP service providers.<\/p>\n The launch of Transporter expands access to Chainlink\u2019s CCIP, with CCIP\u2019s permissioned \u201cearly access\u201d mainnet launch taking place in July 2023.<\/p>\n The protocol is already enjoying widespread adoption among mainstream financial institutions and enterprises exploring blockchain, with CCIP playing a part in blockchain pilot programs carried out by Swift<\/a>, Vodafone<\/a>, and Australia and New Zealand Bank<\/a>. CCIP is also enjoying significant web3-native adoption, with Metis<\/a> and Polygon<\/a> recently announcing initiatives leveraging the protocol.<\/p>\nCCIP adoption spikes<\/h2>\n