Chainlink's CCIP has witnessed an exponential rise in usage and fees in 2024, however the native token LINK remained below par.
CCIP sees increased demand in bull marketdashboard. The total fees collected in April already topped $52,000 as of this writing, which was more than the monthly revenue in January.
For the curious, CCIP is a global standard used for sending and receiving data and tokens across blockchains. Think of it as a bridge connecting different networks seamlessly. Well, the logical explanation for this could be that fees on CCIP don’t accrue value to the token holders, rather they are entirely collected by node operators.
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