March 4 News: Chainlink announced that it has integrated the wrapped Bitcoin token cbBTC into the Monad blockchain via its cross-chain interoperability protocol CCIP, expanding its cross-chain infrastructure capabilities. This integration allows over $5 billion worth of cbBTC to be directly used by decentralized finance (DeFi) applications on Monad without the need for third-party bridges, further strengthening Chainlink’s position in the cross-chain and institutional-grade infrastructure markets.
Each cbBTC token is pegged 1:1 with Bitcoin, ensuring that assets on Monad are fully aligned with the underlying Bitcoin value. As an EVM-compatible high-speed blockchain, Monad enables developers to directly build Bitcoin-based lending protocols and structured products. Keone Hon, co-founder of the Monad Foundation, stated that this integration allows developers to create Bitcoin financial applications without relying on external infrastructure, providing more flexibility and liquidity for the decentralized ecosystem.
This cross-chain integration is also part of Chainlink’s strategic efforts to drive revenue. By 2025, Chainlink has recovered up to $16 million in maximum extractable value (MEV) on the Aave platform through its Smart Value Recovery (SVR) mechanism, earning approximately $5.6 million in revenue. Additionally, the Chainlink Reserve mechanism has accumulated purchases of 2.3 million LINK tokens.
The layered security model of CCIP currently covers over 60 blockchains, with execution and monitoring functions separated to provide reliable security for institutional infrastructure. Chainlink’s total security value (TVS) accounts for about 64% of the oracle market, and its services have been deployed in tokenization pilot projects for companies such as UBS, Swift, Mastercard, and J.P. Morgan. Lido has migrated its cross-chain infrastructure to CCIP, while Aave continues to use Chainlink oracles in its lending markets.
The launch of cbBTC on Monad marks a continued expansion of Chainlink’s influence in cross-chain asset integration and institutional-grade DeFi applications, opening new possibilities for Bitcoin in multi-chain financial scenarios.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Circle's moment of reversal: stock price doubles, on-chain transactions surpass USDT, precise positioning for Agent payments
Circle's stock price breaks through $110, reflecting the market's new valuation of its stablecoin business model. Recent financial reports show significant revenue growth, and in a high-interest-rate environment, Circle's profit prospects are optimistic. At the same time, USDC has surpassed USDT in liquidity, becoming an important tool for settlement and cross-border payments. The growth of AI Agent payments also indicates USDC's potential in the micro-payment sector, as Circle advances toward the infrastructure of the digital economy era.
PANews7m ago
Bitcoin Depot launches the enterprise-level financial services platform ReadyBucks
Gate News Announcement: On March 10, Nasdaq-listed Bitcoin ATM operator Bitcoin Depot announced the launch of its enterprise-level financial services platform ReadyBucks, providing working capital support for small businesses, gig economy workers, and independent contractors. According to Globenewswire, ReadyBucks is currently available in multiple states across the United States, with plans to gradually expand to more regions.
GateNews34m ago
Starknet will deploy the STRK20 framework, supporting privacy stablecoins and other assets.
Starknet is developing a privacy feature called STRK20, aimed at allowing teams to issue compliant protected stablecoins and other assets. It is expected to be deployed later this year, supporting the ERC-20 standard to ensure privacy of transactions and balances.
GateNews1h ago
World Liberty Financial Launches Governance Vote to Enable Staking for WLFI Holders
World Liberty Financial has put up its proposal to enable staking for WLFI holders to a vote that runs for the next seven days.
The proposal has received 99.2% backing, with 903 million tokens supporting it, while 5.8 million voted against it.
World Liberty Financial recently introduced a pr
CryptoNewsFlash1h ago
Comtus Holdings Pushes For Standardization Of Won Stablecoin Transfers
Comtus Holdings proposed a standardized framework for won-backed stablecoins in South Korea to enhance adoption and regulatory compliance. This initiative aligns with the ongoing discussions of the Digital Asset Basic Act, aiming to bolster domestic currency demand while ensuring user protection and financial stability.
Blockzeit1h ago
