Chainlink CCIP 2.0 goes live
Banks wanting to shuffle regulated assets from one chain to another just got a lane for it. Chainlink's CCIP 2.0 is up, and the cross-chain protocol is holding over $84 billion in value while it does the job. The buildout brings institutional verification into the mix, plus controls on how fast things move and KYC and anti-money laundering baked straight in. Wrapped Bitcoin, Coinbase's Bitcoin and kBTC are all heading to the network. Amazon Web Services, Google Cloud and Infosys sit among the partners and infrastructure operators behind it. Swift links banks to Chainlink's ledger, which is the part that matters if you care about traditional finance actually touching this stuff. Here's the wrinkle though. Announcements tend to shove token prices around harder than real usage ever does, so whether any of this shows up in the token is its own question. Mindshare carries more weight than utility right now, maybe more than people want to admit. Social sentiment, community size, how active that community is, the ratios between holders, that's the stuff worth watching to read these markets. Announcements and utility are two different animals lol
Transcript (en)
Chainlink launching CCIP 2.0. Chainlink and their cross-chain interoperability protocol strikes again. Again. In this case, the upgrade adds institutional verification, speed controls, and built-in KYC and anti-money laundering tools. it's now securing 84 billion plus dollars in token value with wrapped bitcoin coinbase's bitcoin and kbitcoin all migrating over and banks and issuers care about this because it aims to move regulated assets across chains more safely so they have a whole video here from their chief business officer but it has music on it so i won't necessarily get that play at four here but this is this is awesome I mean you can see some of the supporters and the people that are partners within all of this including some of the infrastructure operators with Amazon Web Services and Google Cloud Infosys we just talked about you know just a week ago as well partnering up with Chainlink And so yeah here we are I mean they continuing to chug along The cross-chain interoperability protocol is a massive piece of where this technology is headed in terms of like how it ties back into the traditional financial infrastructure. And so, you know, stay hip, folks. So what do you think this plays into the token? and the value of it well listen i don't want these guys coming at me again but they will but i mean i think uh look chain link secures value through uh the staking of the token oh my goodness these guys got so mad at me for saying proof of stake Like, that is a proof of stake mechanism. Okay, brother. Like, that is what it means. You're actually the one who's not abstracting enough away of what proof of stake means. So come at me another time. But anyways. Let's go. He's staying on business. Everyone's just so fucking angry. But yeah so any value that moving across the network should create more demand for the Chainlink token I also think that we over-index on the need for utility for raising the prices of assets. I think Mindshare plays a way bigger role than people realize. A way bigger role. Because these are communities, right? And so if people buy into the fact that this is all happening, I think that a lot of people will just like, oh, that's a big deal. And they want to get associated with it and even just believe that they'll figure out the value accruing mechanism over time too. You know what I mean? Totally. I mean, it's so fascinating to watch how like announcements do or do not move tokens sometimes. Yeah, it's crazy. And I don't think we've had the metrics as we've talked about before to truly gauge these markets. And I think that I want to be, I want to try to like make some of those metrics over time. I think we can do that. Like to think about the social sentiment, the, uh, like the size of the community, the act, the activity and involvement of the community and like ratios in terms of what their connections mean kind of deal Yes Yes Like the the ratios of like I think about the volume as well of the token Like how much of it is How much of okay. I won't spill that I guess. But it's like you could see on chain like what size of the investors are. You know what I mean? Yes. So. And that tells you a lot about the psychographics of the person who's there right? And what do they care about? what are their incentives? What is their access to information, right? And RD, I wouldn't say that Mindshare plays a bigger role than utility per se. I think it plays a way bigger role than people appreciate is what I would say. I mean, as it stands today, I think it does. Yeah. I'm just, everyone hates on me for everything when I say shit like this. So I'm covering my own bases. I will 100% back you on that today, Ben. Like, none of the stuff bro all these announcements like dude these announcements moving the market also points to the fact that like the utility doesn't actually matter yet like i don't think it does man look at meme coins chain link links banks to swifts blockchain ledger if you're a link marine be sure to follow us because we talk about chain link in all of its glory here on memes and
