Chainlink CCIP cross-chain protocol has officially gone live on ZKsync’s Era Mainnet, marking a significant milestone in the ongoing partnership between Chainlink and ZKsync. This integration is a crucial step towards establishing a unified layer-2 ecosystem on Ethereum and expanding access to zero-knowledge technology within the blockchain space.
The collaboration between Chainlink and ZKsync aims to provide users with an additional entry point into the Elastic Chain ecosystem while empowering Web3 developers with the necessary infrastructure to develop feature-rich decentralized applications (dApps).
ZKsync, a member of Chainlink Scale, is committed to bridging the gap between decentralized finance (DeFi) and traditional finance (TradFi) through this integration. Marco Cora, Director at the ZKsync Foundation, emphasized the importance of transparent and secure cross-chain standards in facilitating the adoption of blockchain technology in traditional finance.
Chainlink CCIP offers developers the tools to build secure applications that can operate seamlessly across multiple blockchains. With programmable token transfers and arbitrary messaging capabilities, developers can create sophisticated cross-chain smart contracts that enhance the functionality and interoperability of blockchain applications.
Johann Eid, Chief Business Officer at Chainlink Labs, praised ZKsync for its rapid growth and development within the blockchain industry. He highlighted the successful integration of Chainlink Price Feeds in Aave V3’s launch on ZKsync Era, which laid the foundation for the incorporation of Chainlink CCIP into the platform.
The recent collaboration between Chainlink, Fidelity International, and Sygnum further demonstrates the potential of blockchain technology in traditional finance. Through this partnership, Fidelity International’s $6.9 billion Institutional Liquidity Fund successfully brought Net Asset Value (NAV) onchain, with Sygnum transferring $50 million of Matter Labs’ treasury reserves onto ZKsync.
Overall, the integration of Chainlink CCIP on ZKsync’s Era Mainnet represents a significant step towards advancing blockchain technology and increasing the adoption of decentralized finance solutions. As ZKsync continues to gain momentum in the zero-knowledge space, the collaboration between Chainlink and ZKsync promises to unlock new opportunities for developers and financial institutions seeking to leverage the power of blockchain technology.