The Graph Enhances GRT Token with Chainlink’s cross-Chain Capabilities
The Graph, a popular indexing and query protocol, has embraced Chainlink’s interoperability standard. This move allows the Graph’s native token, GRT, to traverse multiple blockchains seamlessly.
By adopting Chainlink’s interoperability protocol,The Graph aims to expand GRT’s reach.Users can now bridge GRT across various networks,including Solana,Arbitrum,and Base. This integration is a notable step toward boosting GRT’s utility and accessibility.
Support for Solana is particularly noteworthy. It not only strengthens the SOL ecosystem but also benefits the broader blockchain community.The graph team believes this will foster deeper collaboration with Solana’s developers and users.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) will introduce new features like cross-chain staking and query fee payments. Developers can now use GRT to pay for queries on layer 2 chains. Though, these features depend on The Graph’s prosperous deployment of the bridging infrastructure.
Chainlink’s CCIP is gaining traction in the crypto industry. It recently went live on Solana’s mainnet, unlocking access to over $18 billion in assets. This move is expected to accelerate decentralized finance growth on the Solana network.
Other platforms, like Lombard, have also integrated CCIP. Lombard’s Bitcoin liquid staking token, LBTC, has gained traction with Aave’s support.
Launched in 2018, The Graph provides a platform for developers to build decentralized applications across various networks, including Ethereum, Solana, and Arbitrum.
