Chainlink data feeds go live on Sonic: A DeFi game-changer

By
Kent Tenix
Senior Crypto Journalist
Kent brings extensive experience in finance and the digital asset space, backed by a strong foundation in Computer Science following her arts degree. She is an...
- Senior Crypto Journalist
Disclaimer: Cryptocurrencies are a high-risk asset class. This article does not constitute investment advice and is provided for informational purposes only. You could lose all of your capital.
Chainlink
Created by Taqi Khan from BTCRead

Chainlink CCIP is now live on Sonic’s mainnet, formerly known as Fantom. The development represents a massive breakthrough for Sonic Labs, which reportedly joins the Chainlink Scale program. The integration exposes developers to secure cross-chain token transfers, data messaging, and high-frequency market data.

CCIP will grant developers rich functionality for seamless interactions between Sonic and other blockchains. The CCIP standard of the cross-chain token, CCT, makes integrating tokens much easier with improved security and zero slippage. CCIP supports arbitrary messaging, enabling developers to build cross-chain smart contracts and innovative decentralized applications.

Sonic Labs implemented Chainlink Data Feeds to deliver high-performance, low-latency market data. This would also empower the performance of top-tier DeFi applications on-chain. Consequently, this will offer premium and verifiable data to developers on the Sonic platform, ensuring frictionless experiences for end-users and thus precipitating better ecosystem growth.

Programmable transfers enabled by Chainlink infrastructure

Underpinning this is Chainlink’s approach to defense-in-depth security with DONs that have secured billions in DeFi and trillions of dollars of on-chain transactions. The network of CCIP continuously confirms all operations for them to be validated, thus setting a new global standard for cross-chain security.

Sonic empowers developers with programmable token transfers, reducing even the most complex multi-chain operations to one atomic instruction. It unlocks complete cross-chain lending, NFT transfers, and DeFi innovation.

By adding more Chainlink infrastructure, the adoption of Sonic gets a boost to join a multi-chain ecosystem. One on which developers can further develop, ensuring secure, scalable, and future-proof applications. This new integration demonstrates Sonic Labs’ commitment to blockchain interoperability and to building out the Web3 landscape.

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Kent brings extensive experience in finance and the digital asset space, backed by a strong foundation in Computer Science following her arts degree. She is an expert at crafting compelling financial narratives using data-driven analysis. Her insightful coverage of crypto news, Web3, and digital asset development keeps readers engaged and well-informed.
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