Hedera has made quite the entrance, integrating Chainlink’s Cross-Chain Interoperability Protocol on its mainnet. Picture it: dApps prancing across multiple blockchains, much like a fine ballet, but with fewer tutus and more tokens!
Now, dear developers of Hedera (HBAR), you can transfer tokens, send messages, and even initiate actions with over 46 other blockchain networks. All thanks to an official announcement on April 8—because what’s more thrilling than blockchain gossip, right?
Powered by the ever-so-dashing Chainlink oracle, this CCIP enables safe and secure communication between blockchains. Think of it as the butler of blockchain—securing over $20 trillion in on-chain value, catering to guests like Aave (AAVE) and Lido DAO (LDO). Quite the social circle!
Exciting news! @chainlink’s Cross-Chain Interoperability protocol (CCIP) is now live on Hedera mainnet.
Developers can leverage the Chainlink standard to build secure apps that transfer tokens, send messages, and trigger actions across 46+ blockchains – further connecting the…
— Hedera (@hedera) April 8, 2025
This delightful update continues the partnership that began last year when the HBAR Foundation joined Chainlink’s SCALE program. It’s a love story that’s brought Chainlink’s price feeds and proof-of-reserve services to Hedera. A romance in the blockchain world if there ever was one!
With CCIP now strutting its stuff, developers can enjoy the full cross-chain features alongside new tools like the Cross-Chain Token standard. This little gem allows projects to issue tokens that hop nimbly between chains while still keeping a firm grip on their token contracts. How splendid!
However, let’s not mince words; despite these whirlwind developments in real-world assets and DeFi, Hedera’s total value locked has taken a nosedive, plummeting from a dazzling $213 million in January to a mere $74 million as of April 9. But hold on to your hats—stablecoin volume on Hedera has doubled this year, soaring from $38 million in January to a chiming $82 million. Hip hip hooray, indeed!
As for our friend HBAR, trading at approximately $0.1536 at present, it boasts a market cap of $6.4 billion. Although it has corrected quite a bit after a festive spike in late 2024, which saw a staggering 367% increase in Q4 to a high of $0.27. Quite the rollercoaster ride!
Alas, it’s now fluttering 73.20% below its all-time high of $0.567, achieved back in September 2021. But worry not, for analysts maintain their optimism—a wave of recent partnerships and broader cross-chain integration may just lift its spirits once market conditions decide to play nice again!
Read More
- OM/USD
- Carmen Baldwin: My Parents? Just Folks in Z and Y
- Jellyrolls Exits Disney’s Boardwalk: Another Icon Bites the Dust?
- Solo Leveling Season 3: What You NEED to Know!
- Disney’s ‘Snow White’ Bombs at Box Office, Worse Than Expected
- Solo Leveling Season 3: What Fans Are Really Speculating!
- Despite Strong Criticism, Days Gone PS5 Is Climbing Up the PS Store Pre-Order Charts
- Jelly Roll’s 120-Lb. Weight Loss Leads to Unexpected Body Changes
- The Perfect Couple season 2 is in the works at Netflix – but the cast will be different
- Netflix’s Dungeons & Dragons Series: A Journey into the Forgotten Realms!
2025-04-09 14:15