Hedera has formally built-in Chainlink’s Cross-Chain Interoperability Protocol on its mainnet, enabling dApps that work throughout a number of blockchains.
Following the combination, Hedera (HBAR) builders can now switch tokens, ship messages, and provoke actions between Hedera and greater than 46 different blockchain networks, as per the official announcement made on Apr. 8.
CCIP is powered by Chainlink’s oracle know-how, which allows secure and safe communication between blockchains. The oracle secures greater than $20 trillion in on-chain worth, with help for well-known decentralized finance platforms like Aave (AAVE) and Lido DAO (LDO)
This replace builds on a partnership that began final yr when the HBAR Basis joined Chainlink’s SCALE program, a transfer that introduced Chainlink’s value feeds and proof-of-reserve providers to Hedera.
Now, with CCIP reside, builders can benefit from full cross-chain options and new instruments just like the Cross-Chain Token customary. CCT lets tasks situation tokens that may transfer simply between chains whereas protecting management of their token contracts.
Regardless of latest developments in real-world belongings and DeFi, Hedera’s whole worth locked has dropped, falling from a peak of $213 million in January to $74 million as of Apr. 9. On the intense facet, the quantity of stablecoins on Hedera has greater than doubled this yr, from $38 million in January to $82 million, as per DeFiLlama data
HBAR token, which powers the Hedera community, is buying and selling at about $0.1536 at press time, with a market capitalization of $6.4 billion. The price has corrected after a notable spike in late 2024, when it elevated 367% in This autumn to a excessive of $0.27.
It’s now buying and selling 73.20% beneath its all-time excessive of $0.567, which was attained on September 2021. Regardless of the numerous drop in HBAR’s value, analysts imagine that latest partnerships and wider cross-chain integration will increase its value when market circumstances enhance.
