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The World network has seen an unprecedented surge of thousands of token clones originating from popular blockchains like Ethereum and Solana. This phenomenon began around September 26th, with a single address identified as 0x12…8c2B actively creating these tokens and adding liquidity paired with WLD on decentralized exchanges. The rapid deployment appears to be a direct consequence of World's recent integration with Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Data Streams.
Key Takeaways
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Thousands of token clones from Ethereum and Solana have appeared on the World network.
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The surge coincides with World's integration of Chainlink's CCIP and Data Streams protocols.
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This integration allows for automated token creation and cross-chain transfers.
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The move is seen as a step towards expanding World's ecosystem and linking identity with crypto payments.
Automated Token Creation and Liquidity
ForkLog observed that the address 0x12…8c2B has been systematically creating tokens within the World Chain. These tokens are then paired with WLD for liquidity on decentralized exchanges. Notably, these liquidity additions are executed in a single transaction and do not remain in the pools, suggesting an automated process. Data from Worldscan reveals over 5,000 such token creations, with examples including OKANE and DND10. Associated transactions involve adding liquidity to KULU-WLD pools, exchanging within these pools, and minting KULU tokens.
Chainlink Integration Fuels Expansion
This wave of token cloning follows World's announcement on September 25th regarding its integration of Chainlink's CCIP. This integration enables cross-chain transfers of the WLD token using the Cross-Chain Token (CCT) standard, allowing seamless movement between World Chain and Ethereum. Additionally, the adoption of Chainlink Data Streams empowers World developers to build secure DeFi markets within the ecosystem.
Chainlink's CCIP is designed to provide access to global markets, enhance asset utility and liquidity, and ensure robust security for cross-blockchain applications. The CCT standard, in particular, allows for the rapid, automated integration of new and existing tokens via CCIP in mere minutes, likely explaining the sudden proliferation of token clones.
World's Ecosystem Growth and Future Plans
Stephen Smith, VP of Engineering at Tools for Humanity, highlighted that World leverages Chainlink Data Streams to bolster secure markets around WLD and improve its liquidity. This integration is seen as a crucial step in unlocking the potential of secure cross-chain development and rapidly expanding World's global network.
The launch of these tokens is interpreted as part of World's broader strategy to expand its ecosystem and connect blockchain-based identity verification with cryptocurrency payments. The project has previously released World Chat, an application for communication and cryptocurrency transfers built on the World Network, and World App, a wallet facilitating easy crypto transactions after identity verification via Orb.
Sources
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