Hassan Maishera
Chainlink announced via X on Wednesday that Solv has integrated Chainlink CCIP across the Arbitrum, BNB Chain, Avalanche, and Ethereum mainnets. Solv will be leveraging CCIP’s token transfer capabilities to facilitate cross-chain transfers of SolvBTC, SolvBTC.BBN, and SolvBTC.ENA.
Solv chose CCIP as their preferred interoperability solution because Chainlink has the most proven track record of maintaining the highest standard of security and reliability in the blockchain industry. CCIP is the only interoperability solution achieving level-5 cross-chain security. Furthermore, CCIP is backed by the Risk Management Network, a separate, independent network that monitors and verifies cross-chain operations for suspicious activity. This additional layer of security is crucial given historical industry exploits, and the billions in user funds lost due to unreliable cross-chain infrastructure.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 1% over the past 24 hours and is trading at $10.56 at press time.
