Main highlights:
- Chainlink integrates CCIP and data streams with TON.
- TON can now capture real-time, sub-second price data for faster and more reliable DeFi execution.
- Graph (GRT) also uses CCIP.
Chainlink extends Cross-Chain Interoperability Protocol (CCIP) and data streams to the TON blockchain, marking a major step in TON’s growth as a fast, connected DeFi network. This move will allow TON to be securely moved between over 60 major blockchains without manual approval using Chainlink’s Cross-Chain Token (CCT) standard, helping TON to become a vital link in the global multi-chain economy.
Additionally, Chainlink Data Streams brings ultra-fast real-time market data to TON, allowing developers to build responsive apps containing complex cross-chain financial instruments faster.
Key features of Chainlink and TON integration
This integration will see Chainlink’s oracle technology used as Toncoin’s main cross-chain system. This means that TON and Toncoin are now connected to Chainlink’s large blockchain network that supports CCIP, making it easy for projects and tokens that already use CCIP to connect to TON.
This cross-chain link will allow TON to provide access to new markets, increased liquidity, and more users across the Web3 ecosystem. This allows assets and protocols to be moved effortlessly between chains, making it easier for projects to collaborate and share liquidity.
Thodoris Karakostas, Director of Blockchain Partnerships at Chainlink Labs, said: The data stream that CCIP powers TONCoin’s cross-chain transfers through the Cross-Chain Token (CCT) standard and provides low-latency price data gives TON developers and users the infrastructure to build and use advanced DeFi applications that can scale across chains and markets. By connecting TON to CCIP’s growing network of supported chains, we are enabling new levels.” Improving cross-chain liquidity and composability across the Web3 ecosystem
Real-time market data with Chainlink data streams
With CCIP, Chainlink’s data stream technology provides fast, real-time price data to the TON blockchain. These data streams deliver prices within a second, rather than a delayed or slow feed. This platform uses trusted sources and secure verification, so your information will never be tampered with. This will enable TON to support rapid trading, lending and derivatives activities while ensuring transparency and security are maintained.
Data Stream uses a pull-based system (meaning apps on TON can request market data exactly when they need it and instantly validate it). This differs from the old Oracle model of always pushing data even if it is not needed or required. By sending data only when necessary, your TON app will perform better and be faster.
This development affected the price of the token. At the time of writing, the token price was $2.26, up 5.75% in the past 24 hours, according to CoinMarketCap.
Strategic significance of TON and Chainlink
TON, a high-speed Layer 1 blockchain that is deeply connected to Telegram’s massive user base of over 1 billion people, is now heavily promoted through Chainlink’s proven oracle and cross-chain systems.
TON Foundation’s Glenn Brown said, “Chainlink’s integration with CCIP and Data Streams marks a major milestone in TON’s evolution. Chainlink provides the secure, battle-tested infrastructure needed to enable seamless cross-chain transfers and data-driven DeFi on a global scale.”
At the same time, The Graph (GRT) also adopted Chainlink’s CCIP to become a cross-chain token. This upgrade allows GRT to safely move between Arbitrum, Base, Avalanche, and then supports Solana.
This development is also impacting the price of the GRT token. At the time of writing, the token price was $0.06267, up 3.77% in the past 24 hours, according to CoinMarketCap.
This integration allows GRT to be used across multiple major blockchains, making it easier for developers and users to access tokens and expand the reach of The Graph.
Also read: Ethereum price eyes major support as network activity reaches record high