LINK Soars As Chainlink CCIP Goes Live On Base, Trading Volume Surges by 110%
Chainlink (LINK) is experiencing a surge in both price and trading volume as its Cross-Chain Interoperability Protocol (CCIP) goes live on Base. The last 24 hours have seen a remarkable 135% increase in trading volume, signaling a growing investor interest in LINK.
The latest boost follows the recent announcement that the CCIP, a protocol facilitating cross-chain applications and services, is now operational on Base. LINK’s price has responded positively to the news, witnessing a notable 15% rise on the weekly chart and a 6% increase on the daily chart. As of the latest update, LINK is trading at $7.82, expecting further gains.
Developers on Base now have access to a secure and user-friendly interoperability protocol, allowing them to build cross-chain applications seamlessly. The CCIP, powered by Chainlink’s decentralized oracle networks, offers a proven track record of securing substantial sums and facilitating over $8 trillion in on-chain transaction value.