Chainlink's Cross Chain Interoperability Protocol (CCIP) revenues have increased by 180% in the last two months, driven by increased adoption of the multi-chain bridging platform.

CCIP fee income, which totaled about $61,000 in January, rose to more than $171,000 in the first two weeks of March.

On the other hand, the total cumulative revenue of the cross-chain protocol launched in July 2023 reached $377,724, according to Dune Analytics.

“CCIP growth rate is robust and fully in line with expectations,” LinkPool, Chainlink staking technology providers and creators of the Dune dashboard stated.

Ethereum layer-2 protocol Arbitrum is the largest source of CCIP network fees at 28% of the total, followed by Base at 24%.

CCIP implemented a number of integrations to increase adoption. These include the Metis layer-2 network, auditing platform Code4rena, stablecoin issuer Circle, and Wemade, one of South Korea's largest game developers. In 2022, it partnered with SWIFT for a proof-of-concept token transfer project.

Chainlink also generates revenue from network node operators, a small portion of LINK staking, network revenue sharing, and enterprise products. Its total cumulative revenue is $373 million, mostly from oracle feeds, according to Dune.

LINK prices hit their highest levels in more than two years, reaching $21.71 on March 11. Prices returned to this level on March 14, falling below $20 at the time of writing.