Chainlink Launches Transporter Application for cross-Chain Token Transfers

Chainlink continues to enhance its interoperability protocol, CCIP, with new features. This time, the project introduces the Transporter application, facilitating large-value token transfers and critical messages across blockchains.

Chainlink Launches Transporter Application for Cross-Chain Token Transfers

Decentralized computing platform Chainlink has unveiled a new bridge application enabling the transfer of tokens and messages across different blockchains. The application is powered by Chainlink's Cross-Chain Interoperability Protocol (CCIP), launched in July 2023.

Developed in collaboration between Chainlink Foundation and Chainlink Labs, the Transporter application aims to provide a user-friendly interface for sending and monitoring cross-chain transactions on CCIP.

Co-founder of Chainlink, Sergey Nazarov, shared with the press:

"The Transporter enhances the use of Chainlink CCIP's security benefits to facilitate the seamless transfer of large token values and critical messages across chains.

Having a secure way to move both value and data across chains is something the blockchain space has needed for years, and I'm thrilled that Transporter is fulfilling that mission."

Initially, Transporter supports token transfers across chains including Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, and Polygon. Transactions incur no additional fees beyond current gas fees and CCIP service provider fees.

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

A partner at Fourth Revolution Capital commented:

"We expect Transporter to quickly become an industry standard for high-value cross-chain transfers."

Meanwhile, the CEO of Moonrock Capital noted:

"We're delighted to witness the launch of Transporter, a service we anticipate playing a significant role in providing secure cross-chain connectivity for the expanding user base of the blockchain ecosystem."

Chainlink has also revealed a new token transfer tool enabling the cross-chain transfer of native Ether tokens through WETH tokens. This marks the integration of token lock and unlock mechanisms into CCIP for the first time.