Sonic Labs Joins Chainlink Scale to Integrate Data Feed and CCIP Into Sonic Network

Sonic Labs has announced a strategic partnership with Chainlink (LINK), joining Fantom to integrate the Chainlink Data Feed and Cross-Chain Interoperability

Sonic Labs, formerly known as Fantom, has announced a strategic partnership with Chainlink (LINK) to integrate the Chainlink Data Feed and Cross-Chain Interoperability Protocol (CCIP) into the Sonic Network.

This collaboration will provide Sonic ecosystem developers with the necessary tools to build feature-rich on-chain applications using Chainlink’s cutting-edge solutions. Notably, developers will also gain access to high-quality, low-cost Oracle services, with Sonic covering the Chainlink Oracle network operating costs for some time before transitioning to the app user fee.

Sonic Labs highlighted Chainlink’s CCIP as a renowned protocol that adheres to the highest security and reliability standards in the blockchain industry. As previously reported by CNF, Chainlink CCIP is the only interoperability solution with level-five cross-chain security.

Moreover, CCIP is supported by a risk management network that continuously monitors and verifies cross-chain operations for suspicious activities.

According to Michael Kong, CEO of Sonic Labs, Chainlink offers an industry-standard Oracle service that could benefit its developers.

We joined Chainlink Scale because it’s one of the most popular ways to make industry-standard Oracle services available to Sonic developers. Chainlink Data Feeds will enable the development of high-quality DeFi applications, while CCIP will provide secure and reliable blockchain interoperability for the Sonic ecosystem. Developers asked for Chainlink, and we have it.

Key Benefits and Features of Chainlink CCIP

Based on our review of the Sonic Labs report, Chainlink CCIP boasts four crucial merits and features that position it above competitors.

The first is its seamless integration, ensuring that developers only integrate the CCIP Router on-chain to begin the application-building process.

The second is its scalable architecture. CCIP eliminates the need for developers to write custom codes for chain-specific integration, implying that users would be able to interact with multiple blockchains from a single interface.

The third is that it is extendable and future-proof. As Sonic Labs states, the protocol supports continuous updates, including the introduction of advanced functionalities and the addition of an extra layer of defense-in-depth approaches to security.

Finally, its consensus and messaging layer is powered by the decentralized oracle network of Chainlink, which has enabled over $14 trillion in on-chain transaction value and secured tens of billions of dollars for smart contracts.

Commenting on this, Johann Eid, Chief Business Officer of Chainlink Labs, expressed his excitement about the collaboration.

We’re excited that Sonic Labs has joined the Chainlink Scale program and that Chainlink Data Feeds and CCIP are being integrated into Sonic. By empowering Sonic developers with increased access to Chainlink services, they’re able to build secure, scalable, and fully-featured on-chain apps.

At press time, LINK was trading at $10.29 after declining by 9.7% in the last seven days.