By integrating CCIP as the official cross-chain protocol powering its canonical token bridge, Metis can securely interoperate with the multi-chain ecosystem, reduce cross-chain transaction times to Ethereum, and provide enhanced developer capabilities such as programmable token transfers.
As a part of this integration, the Metis bridge interface will be upgraded to leverage Chainlink CCIP as the official cross-chain infrastructure to power the canonical Metis token bridge, with an initial focus on bridging leading stablecoins from Ethereum mainnet onto the Metis network. Over time, additional blockchain networks and tokens are expected to be supported to further accelerate the growth of the Metis ecosystem. Additional information on the migration will be provided in the near future.
Metis selected CCIP to power its official canonical token bridge following extensive research into all cross-chain interoperability options available on the market. Chainlink has the most proven track record of maintaining the highest standard of security and reliability in the Web3 industry, having enabled over
Furthermore, CCIP is backed by the Risk Management Network—a separate, independent network that continually monitors and verifies cross-chain operations for erroneous activity. This defense-in-depth approach to security is particularly important given that over
“We’re excited that Metis has chosen Chainlink CCIP as its canonical token bridge infrastructure,” stated
By integrating CCIP to power its canonical token bridge, the Metis ecosystem also gains access to a number of additional benefits for its developers and users, including faster token transfers from Metis to Ethereum (from seven days down to minutes), a standardized interface for interacting across chains, and access to Programmable Token Transfers—a CCIP-native feature where tokens can be transferred along with instructions for their use on destination chain (e.g., depositing stablecoins into a lending market upon arrival).
Additionally, integrating CCIP exposes the Metis ecosystem to both Chainlink’s expansive and engaged Web3 developer ecosystem, as well as the surging capital markets interest and adoption surrounding the Chainlink platform.
“Security and user experience are our top priorities when it comes to the infrastructure securing the canonical Metis token bridge, and Chainlink CCIP’s defense-in-depth security architecture and advanced capabilities are unparalleled,” said
Ultimately, integrating Chainlink CCIP for secure and scalable cross-chain interoperability will help Metis drive long-term network adoption and become a more attractive environment for building secure and scalable Web3 apps.
About Chainlink
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.
About Metis
Metis is redefining blockchain’s potential with its innovative Ethereum Layer 2 network. Focusing on accessibility, scalability, and security, our platform empowers the transition of applications, businesses, and communities to a new digital, decentralized, and open economy. Metis makes blockchain simple for everyone, ensuring fast, secure, and affordable transactions. Join Metis in pioneering a future where blockchain technology is within everyone’s reach, paving the way for a more inclusive digital world.
Learn more about Metis by visiting metis.io and start building on Metis metis.io/dev/
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SOURCE Chainlink; Metis