While digital assets recover from the latest dip , the Chainlink team has supercharged the community with bullish news. The Oracle platform revealed that the Cross-Chain Interoperability Protocol (CCIP) version 1.5 upgrade went live on the mainnet. Chainlink @chainlink · Follow The Chainlink CCIP v1.5 upgrade is now live on mainnet for all developers.This release empowers devs to take their tokens cross-chain in a self-serve manner, deploy Cross-Chain Tokens (CCTs) across 20+ blockchains in minutes, & much more.Full details ↓ 2:30 am · 15 Jan 2025 960 Reply Copy link Read 44 replies That allows all devs to interact with new features for enhanced development activities. For instance, developers can leverage the updated functionalities to move their assets cross-chain. Moreover, they can deploy cross-chain tokens across multiple blockchain platforms within minutes. Chainlink’s CCIP is an interoperability protocol that developers can leverage to build top-notch applications that send messages, tokens, or both across different chains. The new cross-chain token standard Notably, the latest upgrade introduced the cross-chain token standard, which, according to Chainlink, Enables token developers to integrate new and existing tokens with CCIP in a self-serve manner in minutes. Cross-chain tokens offer developers complete control and ownership, zero-slippage transfers, and improved programmability. Source – Chainlink The CCIP v1.5 upgrade marks a vital milestone for enhancing developer experience. It streamlines integrating CCIP across dApps and onboarding existing and new tokens to the cross-chain token standard. Chainlink representative Zach Rynes has already tested the new system. He used the latest CCIP version to create a CLG cross-chain token within minutes and moved it between Base and Arbitrum L2s. Zach Rynes | CLG @ChainLinkGod · Follow Chainlink CCIP v1.5 is awesome 🔥I just created a Cross-Chain Token called $CLG in a couple minutes and transferred it between @base and @arbitrum Fully permissionless and no coding required, just used the new CCIP Token Manager to create the token and @transporter_io to… 5:03 am · 15 Jan 2025 582 Reply Copy link Read 46 replies Chainlink further boosted the CCIP developer experience with improvements. For instance, the updated CCIP SDK “enables devs to integrate CCIP and create a token transfer fronted dApp with just a few lines of code.” LINK price outlook Chainlink’s native coin traded at $20.79 after gaining nearly 6% within the past day. Chart by Coinmarketcap . LINK has remained on investor radar due to its potential post-consolidation breakout. With the current gains, the altcoin displays upside momentum within a downward wedge setup. Overcoming the crucial resistance at $23.90 might trigger significant surges toward mid-December peaks above $30. Chainlink’s potential breakout Chainlink price has printed lower lows and lower highs inside a descending wedge – a structure linked with upside breakouts. LINK price approaches the pattern’s apex, adding credence to the anticipated explosive move. Stability above $23.90 could welcome smooth rallies to $30 – where the altcoin could witness renewed buyer interest. Nevertheless, failure to close above the resistance might extend Chainlink’s consolidation, denting the projected bullish case. LINK’s ecosystem developments and broad market sentiments will shape the alt’s trajectory in the upcoming sessions. On-chain data displays a favorable stance for Chainlink. Firstly, active addresses increased by nearly 1% within the past day, indicating amplified user activity on the blockchain. Moreover, LINK sees increased interest from large-scale investors, signaling trust in its future potential. Santiment data shows whales have accumulated 1.35 million tokens in the past 24 hours. Ali @ali_charts · Follow Whales have bought 1.35 million #Chainlink $LINK over the past 24 hours, shows on data from @santimentfeed . 6:49 am · 15 Jan 2025 307 Reply Copy link Read 12 replies Bulls will likely leverage Trump’s inauguration optimism to stabilize LINK prices above $23.90 for solid moves to $30 in the upcoming sessions. The post LINK price jumps as Chainlink's CCIP upgrade goes live with Cross-Chain Token standards appeared first on Invezz
