In a strategic move to enhance liquidity, Solana and Coinbase’s Ethereum layer-2 blockchain Base have bridged their networks using Chainlink’s technology.
On Thursday, Base announced the launch of a bridge linking it to Solana, secured through Chainlink’s Cross-Chain Interoperability Protocol (CCIP), facilitating smooth asset transfers.
The bridge is now operational on the mainnet for developers to integrate, and it will soon be available for users on various applications, including Zora, Aerodrome, Virtuals, Flaunch, and Relay.
Users will have the ability to trade Solana (SOL) and a variety of Solana-based assets on Base. Additionally, Base developers can incorporate the bridge to natively support Solana assets, such as SPL tokens, in their applications.
Ranked by value locked, Solana stands as the second-largest blockchain with $9 billion in assets, while Base is the sixth-largest, holding $4.5 billion, according to DefiLlama. Both platforms are recognized for their trading facilitation and minimal fees.
A significant crosschain interoperability advancement
The bridge represents a technical milestone, connecting Ethereum Virtual Machine (EVM)-compatible chains with Solana’s non-EVM structure.
By positioning itself as a central hub for multichain activity, Base aims to tap into the growing user demand for asset accessibility across diverse chains without multiple wallet management.
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Both Base and Solana have been predominantly utilized for minting and trading memecoins due to their high throughput and low costs.
Solana has seen a decline in activity over the past year, with active addresses peaking at over 6 million in November 2024, now reduced to about 2.4 million, per DefiLlama.
Likewise, Base’s active addresses have decreased since their peak in June 2025; however, the blockchain’s transaction count has surged this year, reaching a monthly high of nearly 407 million in November.
SOL and LINK prices decline
The price of Solana didn’t respond positively to the news, dropping 3% to below $140. SOL is down over 50% from its January 2025 peak of more than $293.
Chainlink (LINK) also saw a decline of around 3% today, settling at $14.30. LINK has dropped 73% from its all-time high in 2021 of nearly $53, despite the recent launch of the first US spot LINK exchange-traded fund, as altcoins have been underperforming throughout this market cycle.
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