Chainlink Expands Integrations with Base, Boosts Developer Access to Price Feeds

Chainlink Expands Integrations with Base, Boosts Developer Access to Price Feeds

Chainlink, a decentralized oracle network, has extended its integrations to a total of 12 projects by partnering with Base, a Coinbase-incubated layer-2 network. This collaboration opens up new opportunities for developers building on the layer-2 blockchain, granting them access to Chainlink Data Feeds and other web3 services. With its native integration into Base, Chainlink offers developers the necessary tools to migrate existing applications and explore innovative use cases within the platform’s hyper-scalable layer-2 environment.

With the addition of Base to its list of integrations, Chainlink now supports a wide range of projects, including Ethereum, Arbitrum, Avalanche, BNB Chain, and Polygon. This strategic move enhances Chainlink’s market presence and strengthens its position as a leading provider of price data solutions for developers. By expanding its integrations, Chainlink effectively broadens its user base and solidifies its reputation for security, reliability, and usability.

Jesse Pollak, the creator of Base and Head of Protocols at Coinbase, has acknowledged the value of Chainlink Price Feeds for developers. The integration of Chainlink Price Feeds into Base equips developers with the necessary tools to migrate their applications onto the platform seamlessly. Moreover, this collaboration empowers developers to experiment with novel use cases within Base’s hyper-scalable layer-2 environment. By offering developers easy access to Chainlink’s price data solutions, Base ensures that users have the resources they need to thrive and innovate within the ecosystem.

Base has been available for developer testing for several months, but it wasn’t until August 9th that the network was officially launched to the public. Since then, Base has garnered positive feedback and witnessed high user engagement. The total value bridged to Base has already exceeded $212 million, highlighting the enthusiasm surrounding the platform. Additionally, within a week of its launch, Base’s total value locked in the blockchain reached an impressive $205 million, indicative of the platform’s rapid growth and adoption.

The collaboration between Chainlink and Base marks another milestone in the growth of decentralized finance (DeFi) ecosystems. By expanding its integrations, Chainlink strengthens its position as the go-to provider for price data solutions, offering developers the resources they need to thrive in a rapidly evolving landscape. With its native integration into Base, Chainlink empowers developers to explore new use cases within a hyper-scalable layer-2 environment. The positive reception of Base since its mainnet launch underscores the platform’s potential and sets the stage for further growth and innovation within the DeFi space.

Crypto

Articles You May Like

The Recent Selling Pressure on Bitcoin: An Analysis
The Aftermath of Gemini’s Settlement with the NYAG
The Importance of Recovery Plans for Issuers of Asset-Referenced and E-money Tokens
The Great Ethereum Withdrawal: A Sign of Price Recovery?

Leave a Reply

Your email address will not be published. Required fields are marked *