Hedera integrates Chainlink for cross-chain interoperability

Hedera has officially integrated the ChainLink cross interoperability protocol on its main one, allowing DAPPs that operate on several blockchains.

After integration, Hedera (Hbar)) Developers can now transfer tokens, send messages and launch actions between Hedera and more than 46 other blockchain networks, according to the official announcement Made on April 8.

CCIP is powered by ChainLink oracle Technology, which allows safe and secure communication between blockchains. The Oracle guarantees more than 20 billions of dollars in chain value, with support for well-known decentralized financing platforms like Aave (GHOST) and Lido Dao (Ldo))

This update is based on a partnership that began last year when the Hbar Foundation joined the ChainLink scale program, a decision that brought the ChainLink price flows and reserve proof services in Hedera.

Now, with CCIP Live, developers can take advantage of complete features and new tools such as the transversal token standard. CCT allows projects to emit tokens that can move easily between the channels while keeping control of their token contracts.

Despite recent developments in active active people and deffi, the total locked value has dropped, going from a peak of $ 213 million in January to $ 74 million in April 9. On the brilliant side, the volume of stablecoins on Hedera has more than doubled this year, from $ 38 million in January to 82 million dollars, according to Defillama data

Hbar Token, which feeds the Hedera network, is negotiated at around $ 0.1536 at the time of the press, with a market capitalization of $ 6.4 billion. THE price Fixed after a notable peak at the end of 2024, when it increased by 367% in the fourth quarter to a maximum of $ 0.27.

It is now negotiated at 73.20% below its summit of $ 0.567, which was reached in September 2021. Despite the significant drop in the Hbar price, analysts recently think partnerships And wider transversal integration will increase its price when market conditions improve.