TLDR:
- Sonic Labs (formerly Fantom) has integrated Chainlink’s cross-chain interoperability protocol (CCIP) on its mainnet, enabling developers to build cross-chain applications
- Former US President Trump purchased $4.7 million worth of LINK tokens ahead of his inauguration on January 20, 2025
- LINK token is up 19.28% over the past week despite a recent 2.4% dip, trading at $25.57
- Sonic’s blockchain supports 10,000 transactions per second and recently adopted Circle’s bridged USDC standard
- CoinCodex projects LINK to reach $31 by end of January 2025, with a potential maximum of $39
Chainlink’s cross-chain interoperability protocol (CCIP) has gone live on the Sonic mainnet, marking another expansion for the oracle network’s infrastructure. Sonic Labs, which previously operated as Fantom, made the announcement as part of its ongoing efforts to enhance blockchain connectivity.
The integration allows developers to build and deploy decentralized applications that can operate across multiple blockchain networks. Along with CCIP, Sonic Labs has incorporated Chainlink’s Data Streams and Data Feeds into its ecosystem, providing developers with additional tools for creating blockchain applications.
Sam Harcourt, business development lead at Sonic Labs, emphasized the demand from their developer community for Chainlink integration. “Developers in the Sonic blockchain ecosystem asked for Chainlink, and we’re thrilled that it’s now live on Sonic mainnet,” Harcourt stated, highlighting how the integration enables new cross-chain use cases.
The implementation follows Sonic’s entry into the Chainlink SCALE program in September 2024. This partnership has resulted in enhanced network security features, programmable cross-chain tokens, and arbitrary messaging capabilities for the Sonic network.
Sonic’s blockchain infrastructure has shown promising technical capabilities since its mainnet launch in December 2024. The network can process 10,000 transactions per second with sub-second finality, positioning it as a high-performance blockchain solution.
In a move to expand its financial capabilities, Sonic recently adopted Circle’s bridged USDC standard. The integration, implemented through the Sonic Gateway, aims to increase developer activity on the platform. The blockchain has also seen progress in DeFi integration, with a proposal for Aave v3 passing its initial check stage in December.
Chainlink’s protocol has garnered support from major financial institutions. Notable adopters include Fidelity International, Swift, and ANZ Bank, demonstrating the protocol’s appeal to traditional finance. The technology has also been integrated with leading decentralized finance projects such as Lido, Aave, and GMX.
Meanwhile, Chainlink’s native token LINK has experienced price movement in January 2025. Despite a recent 2.4% decrease, the token has maintained a 19.28% gain over the past seven days, trading at $25.57.
Former US President Donald Trump made headlines in the crypto space by purchasing $4.7 million worth of LINK tokens before his inauguration on Monday, according to data from Arkham Intelligence. This high-profile investment has drawn attention to the token’s market performance.
The token’s market analysis from CoinCodex suggests potential price targets for January 2025. The platform projects an average price of $31 for LINK before the month ends, with a possible maximum of $39, representing a 53% increase from current levels.
Chainlink’s collaboration with traditional finance companies like JPMorgan and BNY Mellon has strengthened its position in the tokenization sector. These partnerships have contributed to the protocol’s growth trajectory in early 2025.
The integration with Sonic adds to Chainlink’s expanding network of blockchain partnerships. The collaboration enables developers to access Chainlink’s oracle network features while building on Sonic’s high-performance infrastructure.
Sonic’s technical specifications demonstrate its capability to handle large transaction volumes. With 10,000 transactions per second and rapid finality, the blockchain positions itself as a scalable solution for decentralized applications.
The adoption of Circle’s USDC standard by Sonic represents another step in building out its financial infrastructure. This integration aims to provide developers with stable currency options for their applications.
Market analysis indicates continued interest in LINK tokens. Trading data shows the token maintaining its upward trend despite short-term price fluctuations in the broader cryptocurrency market.
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