Chainlink Expands CCIP and Data Streams to TON
Chainlink has integrated its Cross-Chain Interoperability Protocol (CCIP) and Data Streams with The Open Network (TON), establishing itself as the main cross-chain infrastructure for Toncoin (TON). This enables Toncoin to securely move between TON and over 60 blockchain networks while creating liquidity opportunities and enhancing Web3 accessibility. Additionally, Chainlink's Data Streams deliver low-latency, verifiable market data to TON, supporting more efficient decentralized finance applications.
Oracles
Chainlink Expands to TON
Chainlink, the industry-standard oracle platform, has expanded its Cross-Chain Interoperability Protocol (CCIP) and Data Streams to The Open Network (TON). This integration connects TON to the global multi-chain economy, establishing Chainlink as the canonical cross-chain infrastructure for Toncoin (TON).
Cross-Chain Token Movement Enabled
By using the Chainlink Cross-Chain Token (CCT) standard, the integration enables secure movement of Toncoin between TON and more than 60 other blockchain networks. This facilitates seamless cross-chain token transactions while maintaining a high level of security.
New Liquidity and Ecosystem Connectivity
The connection allows assets and protocols already using CCIP to expand to TON, creating new liquidity opportunities and enhancing user access across the growing Web3 ecosystem. This positions TON as a connected environment where tokens and protocols can move seamlessly between chains.
Data Streams for Decentralized Finance
Chainlink is introducing its Data Streams infrastructure to TON, providing low-latency market data for decentralized finance (DeFi) applications. This technology supports sub-second price updates and delivers verifiable data sourced from global liquidity providers.
Enhanced Trading and Lending on TON
The integration of Data Streams supports more responsive and reliable trading and lending operations on TON. By improving data accuracy and update frequency, decentralized applications in the TON ecosystem can offer enhanced performance and user experiences.