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Coinbase, Chainlink Introduce Base-Solana Bridge to Link Ecosystems

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coindesk
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3 months ago
AI summarizes in 5 seconds.


A new bridge connecting Coinbase’s layer-2 network Base and the Solana blockchain is now live on mainnet, giving users and developers a way to move assets directly between the two ecosystems.

Secured by Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Coinbase, the Base-Solana bridge enables trading and usage of Solana-based tokens, including SOL and other SPL assets, on decentralized applications built on Base.

Early adopters include apps like Zora, Aerodrome, Virtuals, Flaunch, and Relay.

For users, this means they can now deposit Solana tokens into Base-based decentralized applications that integrate the bridge and begin trading or interacting with them without leaving the Base environment.

For developers, it opens up the ability to support native Solana assets natively within their applications.

"By leveraging Chainlink CCIP as the cross-chain infrastructure securing the Base-Solana Bridge, Base enables developers to build the most secure cross-chain applications and move the industry toward a reliable interoperability standard that is adopted by the largest financial institutions in the world," said Johann Eid, Chief Business Officer at Chainlink Labs.

"This is how onchain finance scales to securely support global markets and the hundreds of trillions in value they represent," Eid added.

The bridge, which is open-source and live on GitHub, allowing any team to integrate cross-chain support, marks a step toward a broader vision of interconnected blockchains and “always-on” capital markets. Solana is the first chain to be linked, with more expected to follow.

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