Coinbase, Chainlink Introduce Base-Solana Bridge to Link Ecosystems

A brand new bridge connecting Base, the Coinbase-incubated layer 2, and the Solana blockchain is now dwell on the mainnet, permitting customers and builders to maneuver belongings straight between the 2 ecosystems.

Secured by Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Coinbase, the Base-Solana bridge permits the buying and selling and use of Solana-based tokens, together with SOL and different SPL belongings, on decentralized purposes constructed on Base.

Early adopters embody apps resembling Zora, Aerodrome, Virtuals, Flaunch and Relay.

For customers, this implies they’ll now deposit Solana tokens into Base-based decentralized purposes that combine the bridge and might commerce or work together with it with out leaving the Base surroundings.

For builders, it gives the power to assist native Solana belongings inside their purposes.

“By deploying Chainlink CCIP because the cross-chain infrastructure that secures the Base-Solana Bridge, Base permits builders to construct probably the most safe cross-chain purposes and transfer the business towards a trusted interoperability commonplace adopted by the world’s largest monetary establishments,” mentioned Johann Eid, Chief Enterprise Officer at Chainlink Labs.

“That is how onchain finance scales to securely assist world markets and the lots of of trillions of worth they characterize,” Eid added.

The bridge, which is open-source and dwell on GitHub, permitting any group to combine cross-chain assist, marks a step towards a broader imaginative and prescient of interconnected blockchains and ‘always-on’ capital markets. Solana is the primary chain to be linked, and extra are anticipated to comply with.