Chainlink has upgraded its Smart Value Recapture (SVR) system on the Ethereum mainnet, introducing parallel auctions with Flashbots and Titan. This enhancement, known as orderflow auction multiplexing, aims to reduce delays, increase recapture rates, and eliminate reliance on a single provider. The SVR system, which targets oracle-extractable value during liquidation events, now supports multiple orderflow auctions, boosting competition and revenue for DeFi protocols like Aave.
In a related development, Chainlink's Cross-Chain Interoperability Protocol (CCIP) achieved a record 80,428 daily active addresses during the week of May 6. This surge was driven by DeFi protocol migrations following security incidents, with notable migrations including Kelp DAO and Lombard. The increased activity underscores Chainlink's growing role in enhancing security and efficiency across blockchain networks.
Chainlink Enhances SVR System on Ethereum, CCIP Hits Record Activity
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