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Chainlink's CCIP Protocol Sees $7Bn in Migrated Assets, But Token Price Lags

Guavy AI Editorial Team
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Chainlink's Cross-Chain Interoperability Protocol (CCIP) has seen significant adoption, attracting $7.2Bn in migrated assets since May.

This growth has not yet reflected in Chainlink's price, which sits at $8.38, down -2.5% over the past seven days.

The disparity between CCIP's rapid adoption and LINK's valuation raises questions about how CCIP fee revenue influences demand for the token.

Chainlink's Q2 review showed a 353% year-over-year increase in quarterly volume to $4.9Bn, with $110B secured across its services.

The company has been gaining traction, with high-profile migrations like Mantle's Super Portal shifting from LayerZero to Chainlink.

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