Chainlink Launches Transporter Bridge for Cross-Chain Tokens

Author: James Hunt, The Block; Translator: Deng Tong, Golden Finance

Decentralized computing platform Chainlink has launched a bridge application for transferring crypto tokens and messages between blockchains, powered by its cross-chain interoperability protocol.

The "Transporter" application was built in collaboration with the Chainlink Foundation and developer Chainlink Labs to provide a user-friendly interface for submitting and monitoring cross-chain transactions on CCIP.

“Transporter makes it easier to transfer large tokens and critical messages across chains using the security benefits of Chainlink’s CCIP,” said Sergey Nazarov, co-founder of Chainlink. “The blockchain industry has needed a secure way to move value and data across chains for years, and I’m excited that Transporter is making it easier to do so.”

Multi-Chain Support

Transporter initially supports token transfers across multiple blockchain networks, including Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, and Polygon. It charges no additional fees beyond existing transaction fees and CCIP service provider fees.

Venture capital firms Fourth Revolution Capital and Moonrock Capital are early users of the application.

Nomatic, an anonymous investor at Fourth Revolution Capital, said: "I expect Transporter to quickly become the standard for cross-chain support for high-value use cases."

"We are excited to witness the launch of Transporter, and we hope it will play an important role in bringing secure cross-chain connectivity to a large user base across the blockchain ecosystem," added Simon Dedic, CEO of Moonrock Capital.

Chainlink also launched a new CCIP token transfer tool on Thursday, enabling native ETH to be transferred across chains via a pool of WETH tokens. This marks the first time that a lock and unlock mechanism has been implemented for CCIP.

Chainlink launched CCIP in early access on Avalanche, Ethereum, Optimism, and Polygon in July 2023. In January of this year, it also integrated Circle's Cross-Chain Transfer Protocol (CCTP) with CCIP for USDC stablecoin transfers across different blockchains.