- Chiliz has expanded its Fan Token ecosystem to Solana and Base, to improve access and liquidity.
- The integration uses LayerZero’s omnichain standard, ensuring a unified token supply across chains while avoiding risks linked to wrapped assets.
- The move strengthens Chiliz’s SportFi strategy by linking ecosystem growth to $CHZ supply and enabling Fan Tokens to be used across DeFi platforms.
Chiliz has expanded Fan Token to Solana and Base ecosystem as it moves from a single-chain setup to a broader, multi-chain model. This change aims to increase access, improve liquidity, and connect sports-based crypto assets with a wider user base.
The Chiliz Chain will remain the core layer for the expansion. It will continue to handle smart contracts, governance votes, and core asset logic. At the same time, Solana and Base will serve as distribution layers. These networks are expected to help crypto reach more users and integrate with existing crypto platforms.
Chiliz Expands Fan Tokens to Solana, Base
According to the official blog, this change is supported by the Omnichain Fungible Token standard from LayerZero. The framework allows crypto to move across chains and also keeping a single, unified supply. When a token is transferred, it is removed from the original chain and recreated on the new one. This checks duplication and keeps pricing consistent across markets.
The approach also reduces reliance on wrapped assets. Wrapped tokens usually represent a locked version of an asset held elsewhere. This model can create risks and split liquidity across different pools. Chiliz’s system avoids that by maintaining a direct link between tokens across all supported networks.
Security remains a key part of the design. The integration uses a multi-layer verification system. Several independent validators must approve transactions before they are completed to reduce the risk of a single point of failure, which has affected several cross-chain systems in the past.
People will thus be able to access Fan Tokens without going to a separate blockchain. This reduces friction and increases participation in the ecosystem.
The update also introduces a direct link between Fan Token activity and the $CHZ token. Chiliz has announced a buyback mechanism tied to ecosystem revenue. Ten percent of revenue generated from Fan Token sales across all chains will be used to buy $CHZ. These tokens will then be permanently removed from circulation.
This system connects platform growth with token supply. As activity increases across Solana and Base, the available supply of $CHZ decreases. This creates a feedback loop where higher use can impact token value over time.
The expansion also aligns with Chiliz’s push into the US market. The timing is associated with the upcoming FIFA World Cup in North America. The company is preparing its infrastructure to handle increased global attention during the event.
Fan Tokens for national teams such as Argentina and Portugal are already live. More partnerships, including US-based teams, are expected to follow. By operating on Base, Chiliz can connect with regulated entry points and a broader retail audience.
The move also changes how Fan Tokens can be used. On Chiliz Chain, their main use was tied to fan engagement and rewards. With access to external networks, these tokens can now be used in DeFi applications. Users can provide liquidity, earn fees, and explore lending options as they become available.
As a part of its long-term SportFi vision, Fan Tokens creates a financial system around sports assets. This includes combining fan participation with decentralized finance tools.
The rollout has already started. Tokens such as $CHZ and community asset $PEPPER are now available across chains. Major club tokens linked to teams like Paris Saint-Germain, Manchester City, and FC Barcelona will follow soon.
On Solana, access will be available through the Sunrise gateway and traded on platforms like Meteora and Jupiter. On Base, liquidity will focus on the Aerodrome.
Source: https://www.cryptonewsz.com/chiliz-expands-fan-tokens-to-solana-base/
