Shiba Ino It has taken an important step forward with participation chain link to enhance cross-chain performance and data integration across its ecosystem, according to Dec. 19 Statement.
This partnership introduces advanced interoperability features and positions the Shiba Inu network for wider adoption.
Unlocking cross-chain potential
This collaboration integrates Chainlink's Cross-Chain Token (CCT) standard into the Shiba Inu ecosystem and enables its tokens – SHIB, LEASH, and bone– For seamless operation across 12 blockchains.
The lock-and-mint system can transfer these assets from Ethereum to other chains. Meanwhile, burning and minting mechanisms ensure smooth token movement across all supported networks.
The Shiba Inu network also benefits from the integration of Chainlink's on-chain interoperability protocol.CCIP) to it EthereumBlockchain based on layer 2, Shibarium.
It enables developers to create secure, rich, and scalable on-chain applications. These improvements increase the usability of Shibarium and increase its reliability as a blockchain solution.
In addition, Shiba Inu has leveraged Oracle's low-latency market data through Chain data flow. The service offers premium, high-frequency data with features such as liquidity-weighted bid-ask spreads and sub-second execution speeds.
Yohan Eid, Chief Commercial Officer at China Link Laboratory, said:
“The integration of Chainlink CCIP as Shibarium's conventional chain-link solution and Shiba Inu's adoption of the CCT standard will enhance its capabilities and drive wider ecosystem adoption.”
He added that the Chainlink standard for cross-chain interoperability and Chainlink Data Streams unlocks innovation that expands the Shibarium network and supports the development of efficient and secure DeFi markets.
Kaal, a developer in the Shiba Inu ecosystem, highlighted the importance of this partnership. He explained that this collaboration will enable SHIB-related tokens to span multiple chains, paving the way for innovative multi-chain applications.
He outlined several projects that can now be developed in the memecoin ecosystem using Chainlink technology. expresses:
Imagine automated insurance payouts that react to real-time events, dynamic lending markets driven by global economic indicators, frictionless on-chain liquidity pools, and tokenized assets priced with real-time accuracy – the future is abandoned and Shib DeFi will never be the same. .”
