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Chainlink CCIP

Blockchain interoperability protocols are important for the Web3 ecosystem and traditional systems that need to interact with different blockchains. These protocols are the foundation for building blockchain abstraction layers, allowing traditional backends and dApps to interact with any blockchain network through a single middleware solution. Without a blockchain interoperability protocol, Web2 systems and dApps would need to build separate in-house implementations for each cross-chain interaction that they want to use, which is a time-consuming, resource-intensive, and complex process.

Blockchain interoperability protocols provide the following capabilities:

  • You can transfer assets and information across multiple blockchains.
  • Application developers can leverage the strengths and benefits of different chains.
  • Collaboration between developers from diverse blockchain ecosystems enables the building of cross-chain applications to serve more users and provide additional features or products for them.

The Chainlink Cross-Chain Interoperability Protocol (CCIP) provides these capabilities and enables a variety of use cases.

Common use cases

Chainlink CCIP enables a variety of use cases:

  • Cross-chain lending: Chainlink CCIP enables users to lend and borrow a wide range of crypto assets across multiple DeFi platforms running on independent chains.
  • Low-cost transaction computation: Chainlink CCIP can help offload the computation of transaction data on cost-optimized chains.
  • Optimizing cross-chain yield: Users can leverage Chainlink CCIP to move collateral to new DeFi protocols to maximize yield across chains.
  • Creating new kinds of dApps: Chainlink CCIP enables users to take advantage of network effects on certain chains while harnessing compute and storage capabilities of other chains.

Read What Are Cross-Chain Smart Contracts to learn about cross-chain smart contracts and examples of use cases they enable.

Supported Networks

See the Supported Networks page for a list of supported networks and contract addresses.

What's next

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