Chainlink Deploys Cross-Chain Standard on Solana
Chainlink has expanded its Cross-Chain Interoperability Protocol (CCIP) to support SVM-based blockchains, including Solana. New documentation provides integration guides for developers to make SPL tokens cross-chain compatible. The update aims to improve on-chain attribution and composability across different blockchain ecosystems.
- This integration, announced around May 19, 2025, marks a significant milestone as Solana is the first non-EVM blockchain to be supported by Chainlink's CCIP. - The protocol now directly connects Solana to major EVM ecosystems, including Ethereum, Arbitrum, Base, Optimism, and BNB Chain. - Projects with a collective market capitalization of over $19 billion, such as Solv, Backed Finance, and Shiba Inu, are lining up to use CCIP to move their assets into the Solana ecosystem. - CCIP operates with a multi-layered security model that includes a separate Risk Management Network, designed to mitigate risks from exploits that have historically plagued other cross-chain bridges. - The protocol also incorporates Circle's Cross-Chain Transfer Protocol (CCTP), which provides a standardized and secure method for transferring native USDC between chains. - Since its mainnet launch in July 2023, CCIP has processed a total transfer volume of over $14 billion. - The underlying Chainlink oracle networks that power CCIP have a long track record, having enabled more than $20 trillion in total transaction value across the blockchain economy. - Demonstrating growing adoption prior to the Solana launch, CCIP's fee revenue saw a 180% increase in early 2024, rising from about $61,000 in January to over $171,000 by mid-March of that year.
