"The price of LINK seems like it has the potential to go higher in the future."
Oracle data dominant Chainlink (LINK) which successfully launched the Cross-Chain Interoperability Protocol (CCIP) on the Mainnet today has supported the network Avalanche (AVAX), Ethereum (ETH), Optimism (OP), Polygon (MATIC), Synthetic (SNX) and Aave in its early access phase.
The new development is not only aimed at preventing flash-loan attacks but also other threats behind the protocol.
According to Sergey Nazarov, co-founder of LINK said that CCIP creates a standard communication system between different chains while in the public blockchain sphere, it will be used to connect DeFi applications with several other chains.
Commenting Nazarov again, his team can create a private-public dynamic that will provide access to traditional finance or the crypto market to generate trillions of dollars in profits.
Pleased to be informed that LINK has entered into agreements with some of the biggest players in the traditional financial space such as Swift, BNY Mellon, Citigroup and BNP Parabens as the Bitcoin (BTC) spot application issue is on the rise.
The string, Nazarov is of the view that the collaboration can give banks access to real-world asset tokens, where they can engage in the blockchain world through various methods.
While he also emphasized that the move is indeed a game changer for global finance as CCIP will unify the fragmented global financial system just as TCP/IP unifies the internet.
Following the latest news of LINK, its price managed to jump by 6.17% at the level of $7.12 in the last 24 hours with a market capitalization of $3 billion and then gained around 15.38% during the last week.
