The Graph Teams with Chainlink’s CCIP to Crack Cross-Chain GRT Transfers—Will TradFi Keep Up?

Decentralized data protocol The Graph just turbocharged its interoperability game. By integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP), GRT token holders can now shuttle assets across blockchains without begging centralized exchanges for permission. Finally.

No more silos, no more bottlenecks—just seamless transfers. The move pressures legacy finance to either adapt or watch crypto eat another slice of their lunch. Again.

Chainlink’s oracle network brings battle-tested security to the table, while The Graph’s indexing prowess ensures data integrity. Together, they’re cutting through cross-chain chaos like a hot knife through institutional FUD.

Will banks pretend this isn’t happening? Probably. But for once, their denial might actually be bullish—for crypto.

The Graph plots to make GRT a cross-chain token

The Graph announced on Wednesday that it would adopt the Chainlink Cross-Chain Interoperability Protocol (CCIP) to deploy GRT bridges across Arbitrum, Base, and Solana. With this move, The Graph plans to expand the GRT token’s functionality in cross-chain staking, delegation, and query fee payments over the layer-2 projects. 

Cautiously, the Graph indicates that the potential functionalities will depend on successful GRT bridge infrastructure. 

The Graph (@graphprotocol), a blockchain data platform that has served over 1.2 trillion requests, is adopting Chainlink CCIP and making its native token GRT a Cross-Chain Token (CCT).

Users will be able to transfer the $1B+ market cap token across @arbitrum, @base, and @solana.… pic.twitter.com/at9m0HwRZy

At the time of writing, the Graph holds a market capitalization of $1.14 billion. 

GRT rally holds firm, targets $0.13 breakout

GRT token trades at $0.1180 with an intraday gain of 3.15% on Thursday, at the time of writing. Stacking over the 3.25% surge on Wednesday, the recovery rally in the altcoin surpasses the 100-day Exponential Moving Average (EMA) at $0.1136. 

The altcoin is up 77% from the year-to-date low at $0.0663, creating a support trendline with higher lows. As the uptrend gains momentum, the price action nears the critical resistance zone encapsulating the $0.13 mark. 

The Relative Strength Index (RSI) at 59, with a bounce back from the midline, shows a resurgence of underlying bullishness. Further up, the Moving Average Convergence/Divergence (MACD) line is close to surpassing its signal lines to trigger a bullish crossover. This will offset the recent negative fallout, suggesting the re-entry of bulls. 

A potential breakout of the $0.13 supply zone could propel the GRT spot price to $0.1551, aligning with the 50% Fibonacci level. The Fibonacci retracement extends over the 79% crash from the $0.3366 trough peak to $0.714 between December 6 and April 8. Notably, the 200-day EMA at $0.1376 could be a minor hurdle for the breakout rally. 

GRT/USDT price chart. Source: Tradingview

Conversely, a reversal from $0.13 might retest the 100-day EMA at $0.1136, followed by the next 50-day EMA support at $0.1039.