Solana and Coinbase’s Layer 2 Ethereum blockchain foundation have come together using Chainlink technology in a move to increase liquidity between the two networks.
Base said on Thursday it launched a bridge connecting it to Solana secured by Chainlink and Coinbase’s Cross-Chain Interoperability Protocol (CCIP), allowing for seamless asset transfers.
The bridge is now available on the mainnet for builders to integrate and deploy for anyone to use in applications including Zora, Aerodrome, Virtuals, Flaunch, and Relay.
Users will also be able to trade Solana (SOL) and many Solana-based assets on Base. Core developers can also integrate the bridge to support Solana assets, such as SPL tokens, natively in their applications.
Solana is the second largest blockchain by value locked, with $9 billion in assets, while Base is the sixth largest with $4.5 billion in assets, according to DefiLlama. Both blockchains are known for their goal of facilitating trade and offering low fees.
A milestone in cross-chain interoperability
The bridge is a technical milestone, as it links Ethereum Virtual Machine (EVM)-compatible chains with Solana’s non-EVM architecture.
Base is also positioning itself as a hub for multi-chain activity rather than competing solely within the EVM ecosystem, which could give it an advantage as users increasingly want access to assets on different chains without managing multiple wallets.
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Both Base and Solana have been primarily used for memecoin minting and trading due to their high yield and low transaction costs.
Activity on Solana has been declining for a year, with active addresses peaking at more than 6 million in November 2024 and subsequently falling to their current levels of 2.4 million, according to DefiLlama.
Base active addresses have also declined since peaking in June 2025; However, the blockchain transaction count has increased this year, reaching a monthly high of nearly 407 million in November.
SOL and LINK are trading lower that day
The Solana token price did not react to the news and fell 3% that day to below $140. SOL is now down over 50% from its January 2025 all-time high of over $293.
Chainlink (LINK) also fell about 3% on the day to $14.30. LINK is now down 73% from its 2021 all-time high of nearly $53, despite the recent launch of the first US spot LINK exchange-traded fund, as altcoins have underperformed so far this market cycle.
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