Chainlink has rolled out help for Coinbase wrapped Bitcoin (cbBTC), permitting customers on Monad to seamlessly bridge property with the Ethereum Layer-2 Base.
The cbBTC at present has over $5 billion in circulation, and Monad’s rising DeFi exercise may benefit from such liquidity, in accordance to Keone Hon, Co-Founder and Basic Supervisor of Monad Basis.
Hon added,
“cbBTC provides a serious new asset primitive for DeFi builders to design round. Via Chainlink CCIP, Monad builders can now carry Bitcoin-backed liquidity into quick, composable purposes whereas sustaining cross-chain safety because the ecosystem scales.”
Chainlink is likely one of the high oracle suppliers and has been punching above its weight within the sector, with many of the traction pushed by its essential bridge, the Cross-Chain Interoperability Protocol (CCIP).
However how massive is CCIP, and does its adoption trickle down to Chainlink [LINK] holders?
CCIP adoption nears $15 billion
CCIP is now stay throughout 77 chains and handles over 200 tokens. The protocol first debuted in 2023 and has since rolled out help to main blockchains and sidechains.
Over the interval, it has dealt with almost $15 billion in Cumulative Switch Quantity.
Supply: Chainlink
On the peak of October 2025, the bridge transferred almost $2 billion in month-to-month quantity.
Though traction declined in late 2025 amid the broader crypto market contraction, the bridge has remained a key lifeline for the oracle supplier.
Supply: Vercel
Notably, the majority of CCIP exercise elevated in 2025, driving over $1.7 million in whole charges for the protocol. And the first beneficiaries are LINK token holders.
What’s subsequent for LINK value?
Like most protocols, Chainlink additionally runs a token accrual program that buys LINK from the market and locks it. The charges generated by CCIP and different income streams fund this system, which boasted 2.3 million locked LINK as of press time.
On the value charts, nevertheless, LINK has been in lockstep with the broader bearish market sentiment. The altcoin has been consolidating tightly between $8 and $9.5 since February.
Supply: LINK/USDT, TradingView
Actually, the institutional demand for the altcoin has additionally remained muted in 2026.
The U.S Spot LINK ETFs noticed zero outflows however solely $28 million in inflows up to now two months, additional straining a powerful rebound for the altcoin. If weak demand persists, LINK may very well be dragged to the decrease vary of $8.2.
Ultimate Abstract
- Chainlink CCIP has rolled out help for Monad to allow seamless transfers of Coinbase wrapped Bitcoin (cbBTC) with Base.
- CCIP exercise has declined lately, however general cumulative switch quantity neared $15 billion.
