DexLab integrates Chainlink’s CCIP to enable XLAB token transfers between Solana and BNB Chain, expanding DeFi access through cross-chain interoperability.
Author: Sahil Thakur
DexLab has enabled cross-chain transfers of its native token, XLAB, between Solana and BNB Chain, leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This marks a significant move for the Solana-based project as it expands its interoperability across major blockchain ecosystems.
DexLab is a decentralized token creation and trading platform built on Solana. It offers tools like a no-code Token MintingLab, a decentralized exchange (DEX), and a launchpad for new projects. Since launching, DexLab has powered the creation of over 50,000 tokens, including several meme coins like BONK and SLERF.
Its native token, XLAB, plays multiple roles in the ecosystem. These include paying for transaction fees, staking to support validator operations, and participating in governance.
Recent market data indicates that XLAB is the active token ticker, with a circulating supply of around 351.67 billion and a total supply capped at 5 trillion. However, some sources still reference the older DXL ticker, pointing to a prior token migration.
With Chainlink CCIP now live on Solana, DexLab has confirmed that XLAB tokens can be bridged between Solana and BNB Chain. This expands utility and flexibility for token holders across ecosystems, particularly for users seeking lower fees or broader exchange access.
Chainlink’s CCIP provides a standardized, secure framework for cross-chain messaging and token movement. It’s already in use by several top-tier projects like Hedera and World Chain. DexLab’s integration means that XLAB now joins the growing list of tokens utilizing CCIP’s infrastructure for seamless, programmable transfers.
The bridge allows XLAB holders to access BNB Chain-based DeFi platforms while remaining connected to Solana’s high-speed infrastructure.
Despite the technical advancement, sentiment around XLAB remains cautious. The token has seen steep price declines over the past week over 66% at the time of writing.
Uncertainty about the DXL vs. XLAB naming, low recent trading activity on centralized exchanges, and the broader crypto market slump have all weighed on momentum. However, the new cross-chain feature could spark renewed interest.
DexLab continues to iterate on its original mission: making token creation and trading simple and accessible. The platform has plans to introduce a hybrid trading engine combining automated market maker (AMM) and central limit order book (CLOB) systems.
Chainlink’s CCIP is expected to play a key role in this vision. By enabling secure, real-time asset transfers across chains, it reduces fragmentation and gives Solana-based assets like XLAB a pathway to interact with EVM-compatible DeFi infrastructure.
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