Solana and Coinbase’s Ethereum layer-2 blockchain Base have been bridged collectively utilizing Chainlink’s expertise in a transfer to extend liquidity between the 2 networks.
Base said on Thursday that it launched a bridge connecting it to Solana secured by Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Coinbase, enabling seamless asset transfers.
The bridge is now dwell on mainnet for builders to combine, and rolling out for anybody to make use of in apps, together with Zora, Aerodrome, Virtuals, Flaunch, and Relay.
Customers may also be capable of commerce Solana (SOL) and plenty of Solana-based belongings on Base. Base builders also can combine the bridge to help Solana belongings, resembling SPL tokens, natively of their apps.
Solana is the second-largest blockchain by worth locked, with $9 billion in belongings, whereas Base is the sixth-largest with $4.5 billion in belongings, per DefiLlama. Each blockchains are identified for his or her goal to facilitate buying and selling and low charges.
A crosschain interoperability milestone
The bridge is a technical milestone, because it joins Ethereum Digital Machine (EVM)-compatible chains with Solana’s non-EVM structure.
Base can also be positioning itself as a hub for multichain exercise quite than competing solely throughout the EVM ecosystem, which might give it a bonus as customers more and more need entry to belongings throughout totally different chains with out managing a number of wallets.
Associated: Solana Mobile to roll out native token in January
Each Base and Solana have been primarily used for memecoin minting and buying and selling attributable to their excessive throughput and low transaction prices.
Exercise on Solana has been in decline for a 12 months, with lively addresses peaking at over 6 million in November 2024 and subsequently falling to their present ranges of two.4 million, according to DefiLlama.
Base lively addresses have additionally been in decline since peaking in June 2025; nevertheless, the blockchain’s transaction rely has risen this 12 months, hitting a month-to-month peak of practically 407 million in November.
SOL and LINK commerce down on the day
The worth of the Solana token didn’t react to the information and dipped 3% on the day to under $140. SOL is now down greater than 50% from its January 2025 all-time excessive of over $293.
Chainlink (LINK) additionally dropped round 3% on the day to $14.30. LINK is now down 73% from its 2021 all-time excessive of practically $53, regardless of the current launch of the primary US spot LINK exchange-traded fund, as altcoins have underperformed thus far this market cycle.
Journal: Animoca’s bet on altcoin upside, analyst eyes $100K Bitcoin: Hodler’s Digest
Cointelegraph by Martin Younger Base Launches Chainlink-Secured Bridge To Solana Blockchain cointelegraph.com 2025-12-05 04:00:50
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