According to recent reports, several other popular meme coins have been added to Chainlink services to be accessible and traded on various blockchain networks. Some of these tokens include Shiba Inu (SHIB), Turbo (TURBO), and Apu (APU). Leveraging the Chainlink Cross-Chain Token Standard (CCT), these tokens are now usable across 12 different blockchains, allowing them to operate beyond their original network and have utility in other networks as well. This enables wider distribution and usage of these tokens. On Monday, several other meme coins such as Catz Kitten (CAT), Coq Inu (COQ), Gotsius Maximus (GOAT), Hamster Combat (HMSTR), and MagiCoin (MOG) were also added to Chainlink’s asset list. The network utilizes an Oracle model where market data is continuously collected off-chain, then encrypted and validated before being used in blockchain networks. The CCT standard is safeguarded by Chainlink’s blockchain security and enables secure transfer of tokens from the main network, like Ethereum, to other networks through a locking and unlocking mechanism. Additionally, the burning and minting mechanism facilitates the transfer process between different networks and allows tokens to be utilized in various environments. At the time of writing this news, the LINK token on the Chainlink network is trading at around $23.98, marking a 7% increase from the previous day, with its market value reaching $15.29 billion. Alongside this price surge, the daily trading volume of LINK has also grown by over 40% to $1.32 billion. You can track the real-time prices of all tokens and cryptocurrencies on the momentary price page of digital currencies.
