Chainlink announced at the SmartCON 2024 that its Cross-Chain Interoperability Protocol (CCIP) is now live on ZKsync’s Era Mainnet. This integration will improve cross-chain interoperability and connect decentralized finance (DeFi) with traditional finance (TradFi), providing a gateway for institutions to enter the blockchain space.
Developers can now safely build on ZKsync Era and help grow the multi-chain ecosystem by using CCIP directly. Chainlink is a technology that helps connect blockchains with the real world. It allows smart contracts (self-executing programs on a blockchain) to get data from outside the blockchain, like weather information, stock prices, or sports scores.
By doing this, Chainlink helps smart contracts become more useful and reliable. It acts like a bridge, making sure that the data coming into the blockchain is correct and secure, so developers can build apps that work with real-world information.
ZKsync is a technology that helps make using blockchains faster and cheaper. Blockchains are like digital ledgers that keep track of things like money, but they can be slow and expensive when too many people are using them.
ZKsync solves this by bundling many transactions together and processing them off the main blockchain, then sending a summary back. This makes everything run smoother, faster, and costs less to use, while still keeping things safe and secure.
It’s especially useful for apps like decentralized finance (DeFi), where people trade and manage digital assets without needing a bank.
ZKsync is part of Chainlink Scale, and this update is important because it aims to link decentralized finance (DeFi) with traditional finance (TradFi) as more real-world assets are being tokenized.
Johann Eid, the Chief Business Officer at Chainlink Labs, stated that ZKsync has rapidly established itself as a key player in the blockchain industry, creating a strong ecosystem for developers and financial institutions aiming to transition onchain.
He expressed excitement about the recent launch of Aave V3 on ZKsync Era, which included integrating Chainlink Price Feeds through the Scale program.
He highlighted that this collaboration naturally led to integrating Chainlink CCIP, enabling seamless multi-chain access as ZKsync Era gains traction in the zero-knowledge space.
Marco Cora, Director at the ZKsync Foundation, explained that as more financial institutions transition to on-chain systems, the tokenization of real-world assets is expanding rapidly. He emphasized the importance of transparent and secure cross-chain standards to support the broader adoption of blockchains in traditional finance.
Additionally, Tokemak, a decentralized liquidity-providing and market-making protocol, has upgraded to Chainlink CCIP to enable the secure transfer of LST statistics across Ethereum and Base blockchains. It has also integrated automation and price feeds to improve the reliability and efficiency of its Autopilot system.
