Chainlink’s Cross Chain Interoperability Protocol (CCIP) has seen a significant growth in income in recent months, reaching 180%.
In January, CCIP’s total fee revenue was around $61,000. However, in just the first half of March, this sum jumped to more than $171,000.
According to Dune Analytics, CCIP’s total income since its start in July 2023 is already $377,724.
LinkPool, the inventors of the Dune dashboard and manufacturers of Chainlink staking technology, confirm that CCIP’s growth rate continues strong and matches expectations.
Arbitrum, an Ethereum layer-2 protocol, is the leading contributor to CCIP network fees, accounting for 28% of the total, followed by Base (24%).
CCIP’s recent integrations, which include the Metis layer-2 network, auditing tool Code4rena, stablecoin issuer Circle, and South Korea’s leading game developer Wemade, are targeted at increasing acceptance. Furthermore, its collaboration with SWIFT in 2022 on a proof-of-concept token transfer project illustrates its growing reach and utility in blockchain.
