Chainlink CCIP Brings Coinbase Wrapped BTC to Monad, Unlocking Over $5B in Bitcoin-Backed Liquidity

Chainlink's Cross-Chain Interoperability Protocol (CCIP) now supports Coinbase Wrapped BTC (cbBTC) on Monad, enabling more than $5 billion in Bitcoin-backed liquidity to flow into the Monad DeFi ecosystem, Monad announced Monday. The integration allows cbBTC holders to move tokens directly into Monad-based applications, with early adopters Curvance and Neverland launching cbBTC markets for lending, borrowing, trading, and structured products on the EVM-compatible layer-1 blockchain. Chainlink CCIP uses multiple tiers of decentralized validation and Coinbase's Cross-Chain Token standard to help preserve wrapped asset supply integrity across networks. LINK traded at $8.99, up about 5%, with support at $8.83 and resistance in the $9.20–$9.50 range, while Chainlink ETFs have absorbed 1.16% of total LINK supply.