March 4 News: Chainlink announced that it has integrated the wrapped Bitcoin token cbBTC into the Monad blockchain via its cross-chain interoperability protocol CCIP, expanding its cross-chain infrastructure capabilities. This integration allows over $5 billion worth of cbBTC to be directly used by decentralized finance (DeFi) applications on Monad without the need for third-party bridges, further strengthening Chainlink’s position in the cross-chain and institutional-grade infrastructure markets.
Each cbBTC token is pegged 1:1 with Bitcoin, ensuring that assets on Monad are fully aligned with the underlying Bitcoin value. As an EVM-compatible high-speed blockchain, Monad enables developers to directly build Bitcoin-based lending protocols and structured products. Keone Hon, co-founder of the Monad Foundation, stated that this integration allows developers to create Bitcoin financial applications without relying on external infrastructure, providing more flexibility and liquidity for the decentralized ecosystem.
This cross-chain integration is also part of Chainlink’s strategic efforts to drive revenue. By 2025, Chainlink has recovered up to $16 million in maximum extractable value (MEV) on the Aave platform through its Smart Value Recovery (SVR) mechanism, earning approximately $5.6 million in revenue. Additionally, the Chainlink Reserve mechanism has accumulated purchases of 2.3 million LINK tokens.
The layered security model of CCIP currently covers over 60 blockchains, with execution and monitoring functions separated to provide reliable security for institutional infrastructure. Chainlink’s total security value (TVS) accounts for about 64% of the oracle market, and its services have been deployed in tokenization pilot projects for companies such as UBS, Swift, Mastercard, and J.P. Morgan. Lido has migrated its cross-chain infrastructure to CCIP, while Aave continues to use Chainlink oracles in its lending markets.
The launch of cbBTC on Monad marks a continued expansion of Chainlink’s influence in cross-chain asset integration and institutional-grade DeFi applications, opening new possibilities for Bitcoin in multi-chain financial scenarios.
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