Chainlink Launches Transporter App for Secure Cross-Chain Token Transfers

Chainlink has launched Transporter app to enable cross-chain transfer of cryptocurrencies across 8 networks including Ethereum and Polygon.

Transporter aims to provide secure token bridging, addressing bridge hacks which accounted for 50% of DeFi value hacked.

Transporter promises real-time visibility into status of cross-chain transactions to give users peace of mind.

Transporter aims to improve user experience by making bridging seamless and avoiding opacity.

On launch, VC firms Fourth Revolution Capital and Moonrock Capital will adopt Transporter, seeing it as a new standard for cross-chain transactions.