NEW: @Chainlink launches CCIP 2.0 allowing companies to layer their own security verifiers on top of cross-chain transfers, directly addressing the single-verifier vulnerability blamed for April's $292M Kelp DAO bridge hack.

What is Chainlink CCIP? Chainlink's (@chainlink) Cross-Chain Interoperability Protocol, or CCIP, is designed to let applications communicate across different blockchain networks. Put simply, CCIP acts as a secure messaging and transfer layer between otherwise disconnected blockchains. Here's how it works: (1) It moves data between blockchains CCIP allows smart contracts on one blockchain to send messages to smart contracts on another network. That means an application can trigger an action on a different chain without requiring users to manually move between ecosystems. (2) It can transfer tokens across networks CCIP also supports cross-chain token transfers. Projects can use token pools and other mechanisms to move assets between supported chains while maintaining controlled supply across networks. (3) It lets you combine messaging and asset movement A major feature of CCIP is that developers can send arbitrary messages, transfer tokens, or do both in a single cross-chain transaction, rather than needing separate systems for each. (4) It uses Chainlink's decentralized oracle infrastructure CCIP relies on Chainlink's decentralized oracle network to validate and deliver cross-chain messages. The system uses multiple independent components to help verify transactions and protect against failures or manipulation. (5) It adds programmable token transfers CCIP is not limited to simply sending an asset from one chain to another. Developers can attach instructions to transfers, allowing receiving applications to automatically perform actions when tokens arrive. This could make cross-chain lending, payments, trading, and other DeFi applications easier to build. (6) It is designed for multiple blockchain environments CCIP supports communication across different blockchain ecosystems rather than forcing applications to operate within a single network. That matters as liquidity, users, and applications become increasingly fragmented across chains. The bigger idea is simple. Blockchains were originally built as separate networks, but users and capital increasingly need to move between them. CCIP is Chainlink's attempt to provide the infrastructure for that movement. If cross-chain applications continue expanding, secure interoperability could become one of the most important layers in the blockchain stack.

JUST IN: CCIP is now moving $10.75B in annualized volume across rollups, based on the trailing seven-day average. @chainlink's interoperability layer has become the default bridge for cross-chain messaging on rollups.

Tokens moving across chains with Chainlink CCIP will earn bigger borrowing limits on Kamino After a security review, @kamino said assets that move between chains using @chainlink CCIP will qualify for higher deposit caps and loan-to-value ratios, meaning users can borrow more against them. The Solana lending protocol pointed to CCIP’s default setup, where 16 independent node operators verify each cross-chain transfer. Tokens whose issuers set up their own cross-chain checks face heavier review, lower caps and, in some cases, rejection or delisting. Kamino also said it can already pause markets for some cross-chain assets on Solana when it spots warning signs such as unbacked supply.