The Swell team chose Chainlink’s CCIP due to its proven reliability in cross-chain solutions thus enabling mainstream adoption of swETH used in facilitating liquid staking.
The Swell protocol has over $124 million in total value locked (TVL), which has grown exponentially since the Shapella upgrade that enabled the withdrawal of staked Ether.
Swell network, a non-custodial liquid staking protocol on the Ethereum (ETH) ecosystem, has announced a strategic partnership with the Chainlink (LINK) network to help in the cross-chain solution. According to the announcement, Swell protocol has integrated with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to help enable secure cross-chain interoperability across the Ethereum network and the leading layer two (L2) scaling solution Arbitrum (ARB).
Through the integration with Chainlink’s CCIP, the Swell protocol has significantly upgraded its cross-chain token transfer mechanism from LayerZero’s OFT standard. Moreover, Chainlink

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