Coinbase's Layer 2 network, Base, has launched a mainnet bridge to the Solana blockchain, facilitating direct asset transfers between the two ecosystems. This bridge, secured by Chainlink's Cross-Chain Interoperability Protocol (CCIP), enables users to trade SOL and other SPL tokens within Base-based decentralized applications. Initial integrations include platforms like Zora and Aerodrome.
Chainlink Labs' Johann Eid highlighted the initiative's goal to establish reliable interoperability standards, aiming to expand on-chain finance. The open-source bridge, beginning with Solana, is designed to enhance blockchain connectivity and support 'perpetually operating' capital markets.
Coinbase and Chainlink Unveil Base-Solana Bridge for Asset Transfers
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
