Shiba Inu (SHIB) Layer-2 Blockchain Network Shibarium Partners with Chainlink (LINK) to Bring Cross-Chain Interoperability and Advanced Data Integration

Shibarium, Shiba Inu's Layer-2 blockchain network, has partnered with Chainlink to bring cross-chain interoperability and advanced data integration

Shiba Inu’s Layer-2 blockchain network, Shibarium, has announced a new partnership with Chainlink to bring cross-chain interoperability and advanced data integration to its growing decentralized ecosystem.

This integration will see Shibarium adopt Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and the Cross-Chain Token (CCT) standard, enabling SHIB, LEASH, and BONE assets to operate seamlessly across 12 blockchains.

According to Johann Eid, Chief Business Officer at Chainlink Labs, following Shiba Inu’s adoption of CCIP as Shibarium’s canonical cross-chain solution and the CCT standard, the ecosystem could realize enhanced capabilities and increased adoption.

The CCT standard facilitates token transfers through lock-and-mint and burn-and-mint mechanisms, enabling assets to move securely from Ethereum to other blockchains and back.

As part of the collaboration, Shibarium has also integrated Chainlink Data Streams to supply premium, high-frequency market data. This service provides liquidity-weighted bid-ask spreads and sub-second execution speeds, boasting low latency and high transparency. By leveraging this proven infrastructure, Shibarium aims to support efficient and secure DeFi market operations.

“By integrating CCIP and the CCT standard, SHIB, LEASH, and BONE will, for the very first time, span multiple chains with unparalleled security, reliability, and inbuilt burn mechanisms. This milestone paves the way for more innovative multi-chain applications, driving broader adoption and igniting a new era of growth and possibility for the Shiba Inu ecosystem,” said Kaal, a technology expert at Shiba Inu.

This integration adds to the series of upscales in the Shibarium blockchain. Recently, it enhanced user privacy with a new encryption step. Before that, it had also hinted at a fork with the Shibarium Bridge upgrade.

Shiba Inu is among the major blockchain initiatives leveraging Chainlink’s technology to enhance their ecosystems. Hedera recently integrated Chainlink Data Streams to bolster its DeFi and real-world asset (RWA) capabilities, enabling the development of scalable financial applications with secure data inputs.

Coinbase’s Project Diamond also utilizes Chainlink’s CCIP to facilitate seamless tokenized asset transfers across blockchains, targeting institutional investors.

In the DeFi sphere, Trump’s World Liberty Financial adopted the Chainlink standard to expand its ecosystem. These integrations reflect Chainlink’s role as a unifying force in innovation, fostering secure and interoperable financial systems.

However, the latest partnership between Shiba Inu and Chainlink reflects a broader trend of blockchain ecosystems embracing interoperability and advanced data solutions to remain competitive. By adopting the CCT standard and Chainlink’s novel infrastructure, Shiba Inu aims to drive widespread adoption and innovation within its ecosystem.

Despite this development, Shiba Inu’s native token, SHIB, has fallen nearly 10%, currently trading at $0.00002188.