On Thursday, Chainlink announced via X that Silo, a leading lending protocol on Sonic with over $506M in TVL, is going cross-chain. Silo has adopted Chainlink CCIP and the Cross-Chain Token (CCT) standard to enable secure transfers of its SILO token across Arbitrum, Ethereum, and Sonic Labs.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is down 1% over the past 24 hours, trading at $15.81.