Solana and Coinbase’s Ethereum layer-2 blockchain Base have been interconnected through Chainlink’s technology, aimed at enhancing liquidity between both networks.
Base announced on Thursday the launch of a bridge linking it to Solana, secured by Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Coinbase, facilitating smooth asset transfers.
The bridge has gone live on the mainnet for builders to integrate, with a rollout for users in apps such as Zora, Aerodrome, Virtuals, Flaunch, and Relay.
Users will have the ability to trade Solana (SOL) and various Solana-based assets on Base. Developers on Base can also utilize the bridge to support native Solana assets, including SPL tokens, within their applications.
Currently, Solana ranks as the second-largest blockchain by value locked, boasting $9 billion in assets, while Base stands sixth with $4.5 billion, according to DefiLlama. Both blockchains are recognized for their focus on facilitating trading and maintaining low fees.
A crosschain interoperability milestone
The bridge represents a significant technical advancement, connecting Ethereum Virtual Machine (EVM)-compatible chains with Solana’s non-EVM framework.
Base is positioning itself as a central hub for multichain activities instead of solely competing within the EVM ecosystem, potentially benefiting as users increasingly seek access to assets across different chains without the hassle of managing numerous wallets.
Related: Solana Mobile to launch native token in January
Both Base and Solana have largely been utilized for memecoin minting and trading due to their high transaction speeds and low costs.
Solana has experienced a year-long decline in activity, with active addresses peaking over 6 million in November 2024, dropping to current levels of 2.4 million, as per DefiLlama.
Base active addresses have also seen a decline since their peak in June 2025; however, the blockchain’s transaction counts have surged this year, achieving a monthly high of nearly 407 million in November.
SOL and LINK trade lower on the day
The price of the Solana token did not respond to the news, falling 3% to below $140. SOL is now down over 50% from its January 2025 all-time high of more than $293.
Chainlink (LINK) also experienced a 3% decline, trading at $14.30. LINK is down 73% from its 2021 all-time high of nearly $53, despite recent developments such as the first U.S. spot LINK exchange-traded fund, as altcoins have struggled during this market cycle.
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