DefiLlama data shows. However, bridges often are targets of exploits and hacks, carrying risks of losses for users.
Read more: What Are Blockchain Bridges and How Do They Work?
\"Having a secure way to move both value and data across chains is something the blockchain industry has needed for years,\" Chainlink co-founder Sergey Nazarov said in a statement. \"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.\"
Transporter was built on top of Chainlink\'s Cross-Chain Interoperability Protocol (CCIP), a piece of tech that has been a key component behind Chainlink\'s partnership with SWIFT, a closed network used by banks to make international money transfers.
The platform also offers global support and a real-time visual tracker to follow the status of transfer between chains. It charges the regular fee of using CCIP, which covers the cost of executing the transaction on the destination blockchain and the fees paid to CCIP service providers.
\"I expect that Transporter will quickly establish itself as the standard for cross-chain enablement for high-value use cases,” said Nomatic, an investor at venture capital firm Fourth Revolution Capital, which was one of the early users of the bridge.