According to ChainCatcher, Sean Chung, head of blockchain cooperation at Chainlink Labs, mentioned in his speech at the "Web3 Insight Summit" today that the transaction funds involved in cross-chain blockchains are actually larger than those in the DeFi field. However, the lack of interoperability between chains has caused the crypto market to face a huge liquidity fragmentation problem, and innovation on the chain has been stifled.
The interoperability protocol CCIP that Chainlink Labs is building is connecting various applications, public chains and private chains to realize the interconnected Web3. Currently, CCIP has achieved more than $10 trillion in TVE (Transaction Value Enabled), with more than 12.5 billion data points delivered on its chain, and has reached cooperation with more than 12 large global financial institutions such as Swift.