Monday, 17 June 2024

Crypto News

APT price jumps after integration of Chainlink’s CCIP and data feeds into Aptos

Aptos Labs, Microsoft partner to accelerate Web3 adoption

  • Aptos (APT) integrates Chainlink’s CCIP and data feeds, boosting its dApp development.
  • APT price rises by 3.14% to $9.41; market cap increases by 3.17% to $4.1 billion.
  • Aptos has become the first Move-based blockchain to join Chainlink’s SCALE program.

Aptos (APT) has seen a notable increase in its market performance following the announcement of its integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and data feeds.

Revealed during the Consensus 2024 event in Austin, Texas, this strategic integration marks a significant milestone, making Aptos the first blockchain utilizing the Move programming language to incorporate Chainlink’s advanced services.

Impact on Aptos (APT) price

The announcement of the integration has had a positive impact on Aptos’ market metrics with the price of APT rising by 3.14%, reaching $9.41 at the time of writing.

This upward trend has also been reflected in its market capitalization, which surged by 3.17% to $4,105,772,619, elevating its market rank to 26 despite the 24-hour trading volume experienced a decline of 5.67% to $124,523,283.

What does the Aptos, Chainlink collaboration entail?

The collaboration between Aptos and Chainlink is poised to enhance the development of decentralized applications (dApps) on the Aptos network.

By joining Chainlink’s SCALE program, Aptos developers will gain increased access to a suite of Chainlink services, significantly expanding their toolkit for building secure, scalable, and feature-rich dApps.

Chainlink’s CCIP plays a crucial role in facilitating communication between independent blockchains, a growing necessity in the proliferating digital asset ecosystem.

By enabling seamless data exchange across different networks and with external systems, Chainlink aims to solve one of the key challenges in blockchain interoperability.

Notably, Chainlink’s CCIP has been instrumental in its partnership with SWIFT, the global banking messaging system, demonstrating its efficacy in connecting diverse systems.

Aptos, founded by former employees of Meta, focuses on delivering low-cost transactions and high throughput. It leverages the Move programming language, originally developed for Meta’s now-defunct crypto project, Diem.

The integration with Chainlink is expected to provide significant benefits to the Aptos ecosystem, driving innovation and…

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