Stellar Expands DeFi Reach With Chainlink Data Feeds, Data Streams, and CCIP Integration

  • Stellar blockchain’s integration with Chainlink enables developers and institutions to securely connect their assets to the wider DeFi ecosystem, leveraging Chainlink’s infrastructure.
  • With $5.4 billion in quarterly RWA payment volume and a DeFi ecosystem that has tripled in size this year, Stellar is expanding its role as a bridge between tokenized real-world assets and DeFi.

Stellar, the Layer-1 blockchain network focused on institutional-grade tokenized assets, has recently joined the Chainlink SCALE program. As part of this development, it will integrate Chainlink’s Data Feeds, Data Streams, and CCIP (Cross-Chain Interoperability Protocol).

By integrating Chainlink’s data and interoperability solutions, Stellar provides developers with the essential infrastructure to build next-generation cross-chain applications. Thus, it helps to enhance DeFi, tokenized assets, and institutional on-chain finance at scale.

Stellar Unlocks New Capabilities Through Chainlink Integration

The integration of Chainlink CCIP will enhance interoperability within the Stellar ecosystem. This will enable developers and institutions to connect Stellar-based assets with the wider DeFi market securely.

CCIP’s consensus mechanism is powered by Chainlink’s Decentralized Oracle Network (DON) infrastructure. This infrastructure currently secures over $100 billion in DeFi total value locked (TVL) and supports trillions of dollars in on-chain transaction volume.

By leveraging this proven infrastructure, Stellar developers will gain access to a reliable, production-grade interoperability standard already adopted by major protocols and asset issuers.

In recent developments, blockchain platform Chainlink has been expanding its footprint, with 17 different on-chain integrations, as mentioned in our previous story.

This integration will also allow Stellar to expand its role and further strengthen its position as a bridge between real-world assets (RWAs) and DeFi. The network has emerged as a leader in tokenized treasuries, processing $5.4 billion in RWA payment volume last quarter, while its DeFi ecosystem has expanded more than threefold since the start of the year.

Speaking on the development, Johann Eid, Chief Business Officer, Chainlink Labs, said:

With the decision to integrate CCIP, Data Feeds, and Data Streams, Stellar is enabling its ecosystem to access the secure and reliable infrastructure needed to support institutional-grade tokenization and seamless cross-chain applications. This collaboration significantly accelerates.

Leveraging the CCIP Architecture

CCIP enables secure cross-chain token transfers without requiring changes to existing token contracts. Through cross-chain tokens (CCT), developers can use pre-audited token pool contracts to make any ERC-20 compatible token transferable across multiple blockchains or create custom token pool contracts for specific use cases.

Since CCTs are token-agnostic, no CCIP-specific coding is required. Built-in safeguards such as configurable rate limits and Smart Execution ensure reliable transaction processing even during periods of network congestion.

Designed for scalability, CCIP’s modular architecture allows for ongoing expansion. It supports new blockchains, tokens, and future security upgrades. This approach positions the Stellar ecosystem to interoperate with a growing range of DeFi protocols seamlessly.

Source: https://www.crypto-news-flash.com/stellar-expands-defi-reach-with-chainlink-data-feeds-data-streams-and-ccip-integration/?utm_source=rss&utm_medium=rss&utm_campaign=stellar-expands-defi-reach-with-chainlink-data-feeds-data-streams-and-ccip-integration