Latest news with #crosschain
Globe and Mail
8 hours ago
- Business
- Globe and Mail
Colle AI Optimizes Asset Transfer Engines for Better NFT Routing Flow
Platform introduces intelligent enhancements to streamline cross-chain asset movement and improve NFT distribution performance Singapore, Singapore--(Newsfile Corp. - June 9, 2025) - Colle AI (COLLE), the AI-powered multichain platform for NFT creation, has rolled out major upgrades to its asset transfer engines, improving the flow and reliability of NFT routing across blockchain networks. This advancement marks another step in Colle AI's mission to simplify Web3 creation through intelligent infrastructure. The optimized transfer engine leverages adaptive routing logic to enhance NFT movement across chains like Ethereum, Solana, Bitcoin, XRP, and BNB Chain. It now auto-detects optimal pathways, adjusts to network conditions in real time, and dynamically balances fees and speed—giving users a seamless cross-chain experience with minimal technical overhead. With smarter synchronization and reduced latency, Colle AI's transfer upgrades empower creators to launch, move, and interact with NFTs without the delays and inconsistencies that often affect multichain platforms. Assets maintain integrity and availability across all networks with precision-engineered control built into the backend. This upgrade reflects Colle AI's continued focus on enabling frictionless NFT development and distribution. By optimizing the routing foundation, the platform strengthens its support for scalable projects, creator autonomy, and efficient asset liquidity in the evolving Web3 ecosystem. About Colle AI Colle AI leverages AI technology to simplify the NFT creation process, empowering artists and creators to easily transform their ideas into digital assets. The platform aims to make NFT creation more accessible, fostering innovation in the digital art space. Media Contact Dorothy Marley KaJ Labs +1 707-622-6168 media@ Social Media Twitter Instagram To view the source version of this press release, please visit
Yahoo
19-05-2025
- Business
- Yahoo
Chainlink CCIP Is Officially Live on Solana, Supercharging the Growth of Solana DeFi by Unlocking Access to $19B+ of Assets
Solana's lightning-fast speed meets Chainlink's battle-tested security and reliability—creating the ideal cross-chain experience for Web3 developers, dApp users, and institutions. Launch partners include Maple Finance and other leading projects SAN FRANCISCO, May 19, 2025 /PRNewswire/ -- Chainlink, the backbone of blockchain, announced today that Chainlink's Cross-Chain Interopability Protocol (CCIP) is officially live on Solana Mainnet—the first non-EVM chain to feature CCIP's v1.6 upgrade. CCIP is the standard for cross-chain interoperability, supporting 57+ blockchains and enabling the secure transfer of value and data across the EVM and SVM ecosystems. This integration enables projects, including Solv, Backed Finance, Shiba Inu, and more, to expand their existing CCIP-enabled tokens into the Solana ecosystem, leveraging the Cross-Chain Token (CCT) Standard. Joining them are new teams planning to adopt the CCT standard, including ElizaOS, The Graph, Maple Finance, Pepe, Zeus Network, and more. Together, these CCTs coming to Solana via CCIP represent a collective market cap of $19+ Billion. The launch of CCIP on Solana unlocks new opportunities for users and developers by providing the secure cross-chain infrastructure required for institutional-grade blockchain applications. Powered by the same decentralized infrastructure that has secured $75B in DeFi TVL at its peak and enabled $20T+ in transaction value, CCIP will help scale Solana adoption while maintaining the highest level of security and reliability. Solana is now connected to Arbitrum, Base, BNB Chain, Ethereum, Optimism, and Sonic via CCIP, with more to come. CCIP-enabled bridging apps such as Interport, OpenOcean, Transporter, and XSwap are integrating support for Solana. "Launching CCIP on Solana is a pivotal milestone for the industry as Chainlink's highly secure and reliable infrastructure provides users access to one of the fastest-growing ecosystems in Web3. Solana's high throughput, low fees, and large developer community make it an ideal environment for building next-generation, cross-chain applications. With CCIP, leading projects representing billions of dollars in market cap can now move assets into the Solana ecosystem, laying the foundation for an asset-rich ecosystem that attracts institutional capital, deepens liquidity, and expands the footprint of tokenized RWAs." — Johann Eid, Chief Business Officer at Chainlink Labs. This integration enables institutions already leveraging Chainlink to enter the Solana ecosystem, accelerating the adoption of Solana's tokenized RWA economy. Many of the largest DeFi communities and token developers within the EVM landscape can now expand their presence to Solana, accessing new users. Maple Finance is among the launch partners exploring new opportunities enabled by Chainlink CCIP on Solana. "The launch of Chainlink CCIP on Solana unlocks new growth pathways across one of the world's most prominent blockchain networks. As a leading on-chain asset manager, Maple depends on secure and scalable infrastructure to expand our product suite across the digital asset ecosystem. Interoperability is essential to unlocking institutional participation at scale, and we're proud to integrate Chainlink's Cross-Chain Token (CCT) standard—bringing syrupUSD to Solana and other leading ecosystems." — Joe Flanagan, Co-Founder at Maple Finance. ElizaOS is leveraging Chainlink CCIP on Solana to expand the cross-chain capabilities of autonomous AI agents. "CCIP and the CCT Standard allow us to extend agent capabilities and assets across leading blockchain ecosystems, while continuing to leverage Solana's high performance and efficiency. This integration brings us closer to a future where AI agents can transact, coordinate, and deliver value across chains leveraging trust-minimized infrastructure." — Shaw Walters, Founder of elizaOS. Beyond Solana support and broader non-EVM compatibility, the CCIP v1.6 upgrade also delivers lower transaction costs for users and a streamlined architecture that will power rapid, cost-effective scaling to hundreds of additional blockchains. The Chainlink CCIP integration builds on the existing suite of Chainlink services available on Solana, with Price Feeds live since June 2022 and Data Streams launching in October 2024. Chainlink now powers leading protocols on Solana, including GMX-Solana and Kamino Finance, which recently integrated Chainlink Data Streams. About ChainlinkChainlink is the standard for onchain finance, verifiable data, and cross-chain interoperability. Chainlink is unifying liquidity across global markets and has enabled over $20 trillion in transaction value across the blockchain economy. Major financial market infrastructures and institutions, such as Swift, Fidelity International, and ANZ Bank, as well as top DeFi protocols including Aave, GMX, and Lido, use Chainlink to power next-generation applications for banking, asset management, and other major sectors. Learn more by visiting View original content to download multimedia: SOURCE Chainlink Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
12-05-2025
- Business
- Associated Press
ICON Project Rebrands as SODAX, Migrating DeFi Infrastructure to Sonic
SODAX introduces seamless cross-chain swaps, lending, and borrowing across 12+ blockchains — deploying the first chain-agnostic Unified Liquidity Layer on Sonic. ZUG, May 12, 2025 (Bitwire) -- SODAX, the DeFi-native successor to ICON, one of the earliest and most recognized blockchains from the 2017 era, has officially begun migrating its core infrastructure to Sonic, a high-speed, EVM-compatible Layer 1. The milestone follows a successful validator vote to decommission the ICON chain, marking the first full L1 migration into the Sonic ecosystem. SODAX introduces a new intent-based execution that enables seamless swaps, lending, and borrowing across 12+ chains, all routed through protocol-owned liquidity and delivered via a composable SDK stack. Unlike most DeFi apps, SODAX lets users move between assets and blockchains seamlessly. Intent-based execution handles any need to bridge or wrap tokens in the backend. 'Our mission has always been to empower individuals by putting financial products directly in their hands - not just to store digital assets, but to actually use them independently of traditional financial institutions,' said Min Kim, founder of ICON and SODAX. 'With SODAX, we believe we've finally brought together the essential elements: lower fees, an improved user experience, and a platform designed from the ground up for self-custody and genuine financial utility.' Access the Press Kit: SODAX Brings Unified Liquidity Layer to Sonic 'ICON/SODAX brings something to Sonic that doesn't exist today — an intent-based execution layer spanning more than a dozen chains,' said Michael Kong, CEO of Sonic Labs. 'Done right, this can significantly improve the DeFi user experience. It's a meaningful addition to the Sonic builder ecosystem.' The move arrives as Sonic's momentum accelerates. Since rebranding from Fantom in late 2024, the network has gained ground as a serious DeFi-native L1, offering sub-second finality, EVM composability, and a Fee Monetization (FeeM) model that redistributes gas fees to builders. SODAX's arrival adds a high-utility product layer that complements Sonic's infrastructure focus. Unlike bridge-based protocols or rent-a-pool aggregators, SODAX routes native assets through Protocol-Owned Liquidity (POL) — enabling persistent, low-slippage access without relying on mercenary TVL or third-party bridges. Its Solver SDK uses intent-based routing to optimize every transaction across chains, abstracting gas, wrapping, and slippage. For users, assets stay native and costs stay low. For builders, SODAX offers a composable foundation that unlocks protocol fee streams and faster integration across wallets, DEXs, and DeFi apps. ICON Evolves from Infrastructure Layer to User-Focused DeFi ICON launched in 2017 with a bold vision to connect blockchains through interoperability standards like Blockchain Transmission Protocol (BTP) and xCall. Over time, however, its focus shifted from infra-first development toward DeFi usability — led by projects like Balanced and Hana Wallet, which helped validate real user demand. 'We built a layer one because we had to,' said Kim. 'Back then, there was no infrastructure for what we wanted to do. But the industry's matured, there are now plenty of options available, so we don't need to build everything ourselves. This allows us to focus where we have an edge: innovating and delivering products that people actually want to use.' SODAX is the result of that shift: modular execution that integrates directly with Uniswap, Cetus (Sui), Raydium (Solana), and other key dApps — Its Unified Liquidity Layer routing native assets with minimal slippage. 'The heart and soul of ICON is still very much the same. We're just focusing all our energy and attention on a goal that's still aligned with the interoperability infrastructure we've always believed in,' said Elise Shin, SODAX head of growth. ICON ($ICX) to Migrate Token to $SODA As a decentralized network, the validator vote formalizes ICON's evolution into a fully product-driven platform. $ICX token holders will be able to migrate to $SODA, a new governance and utility token with a fixed supply cap of 1.5 billion (changed from unlimited supply) and built-in deflationary mechanisms. 'There's a tremendous sense of excitement from our loyal community members who have supported us throughout our journey, and for good reason,' said Kim. 'Over the years, we've assembled a world-class team of experts across multiple disciplines from over a dozen countries, forged robust partnerships with industry-leading projects and companies, and, most importantly, developed technology and products that truly resonate with our partners and users. On top of that, we're extremely well-capitalized where we are better positioned than most top projects at a similar stage. All of this gives us every reason to feel confident and optimistic about what lies ahead.' About SODAX: Cross-Chain DeFi Platform on Sonic L1 SODAX is a cross-chain DeFi platform built on Sonic, enabling seamless swaps, lending, and borrowing across 12+ blockchains — all powered by the unified liquidity layer and intent-based execution. Built by the makers of the ICON public blockchain network, SODAX focuses on unified, user-facing products that simplify DeFi across ecosystems like Arbitrum, Stellar, Sui, and Cosmos. With integrations across Uniswap and Cetus (Sui), SODAX turns fragmented DeFi into a single, scalable experience. Learn more at Press Contact: Elaine Ramirez, [email protected] Twitter/X: @gosodax Press Kit:
