Chainlink Integration Paves the Way for TON’s Cross-Chain DeFi Expansion

• TON becomes a cross-chain hub, enabling Toncoin transfers across 60+ blockchains.
• Chainlink Data Streams provide real-time market feeds for DeFi applications.
• Partnership connects TON to Telegram’s 1B+ users for asset access.

Chainlink, the world-leading decentralized oracle network, has made a significant announcement about the extension of the Cross-Chain Interoperability Protocol (CCIP) and Data Streams to the TON network. This inclusion enables the Toncoin and other assets that support the Cross-Chain Interoperability Protocol to flow between multiple blockchains.

TON Becomes a Cross-Chain Hub with Chainlink Infrastructure

Now, with the Chainlink CCIP, the network has become a canonical gateway for the cross-chain transfer of assets. Using the Chainlink Cross-Chain Token (CCT) standard, Toncoin can safely and permissionlessly bridge between the network and more than 60 of the world’s largest blockchains. This enables tokens and protocols that are already utilizing the services of the Chainlink CCIP to access the network.

With this facilitating transactions and Data Streams delivering real-time market feeds, the developers and users of the network finally have the required infrastructure to create complex DeFi solutions that can interplay perfectly across multiple chains and markets. Access to the growing network of CCIP brings unparalleled liquidity and composability to Web3.

In addition to the integration of CCIP, data streams from Chainlink are now live on the network and offer low-latency and high-frequency market data. This enables sub-second price updates from trustworthy sources worldwide. This provides secure, transparent, and very responsive trading, lending, and derivatives services to the users of the network.

Also Read: TON Network Proves Real Value With 3M+ USDT Transactions

Chainlink Integration Boosts TON’s Layer-1 Blockchain Reach

For the TON network, the partnership represents an extension of their reach as a Layer-1 blockchain since it enables connectivity to the Telegram network of 1 billion+ users through the availability of their wallet and mini-app functionality. This serves as a gateway for the entry of CCIP-denominated assets.

This also represents a milestone in the development of the open, composable, and interconnected Web3. Through the integration of Chainlink’s trusted oracle network and the high-performing and vast user base of the TON network, both aim to provide scalable and user-friendly blockchain solutions to millions of users across the world.

TON Gains Momentum Following Chainlink Integration

In terms of market performance, the TON price is also boosted by this partnership. At the time of writing, TON is trading at $2.23, marking a 3.30% surge over the last 24 hours and 3.94% over the last week.

Source: CoinMarketCap

Moreover, its 24-hour trading volume has also increased 3.93% to $209.37 million, reflecting emerging optimism among traders and investors. The token’s market capitalization also remains strong at $5.63 billion, placing the TON among leading altcoins in the market.

Also Read: TON Network Surpasses $1 Billion in USDT Adoption Within Six Months