Chainlink launches Transporter to facilitate secure cross-chain transfers

The application claims to be a cost-efficient solution for executing high-value token transfers across blockchains, ensuring users a secure transactional experience.

“Transporter makes it easier to utilize the security benefits of Chainlink’s CCIP for the transfer of large token value and critical messages across chains.”

Sergey Nazarov, Co-Founder of Chainlink

Transporter supports a wide range of blockchains, including Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX, marking Chainlink’s entry into the burgeoning realm of blockchain bridges.

According to DefiLlama data, existing bridges facilitated the transfer of approximately $12 billion in assets across various chains up to last month. Despite the role of such bridges in the digital asset economy, they have been vulnerable to exploits and hacks, underlining the need for secure solutions like Transporter.