Securing tens of billions of total value across hundreds of applications on over a dozen blockchains, Chainlink is the market-leading solution for highly accurate, tamper-proof market data and secure off-chain computing. Comprised of independent, geographically distributed, Sybil-resistant oracle nodes managed by world-class DevOps teams from organizations such as Deutsche Telekom’s T-Systems, Swisscom, The Associated Press, LexisNexis, and more, the Chainlink network now powers more of 980 oracle networks and has securely delivered more than 2.6 billion data points to on-chain applications since its launch. With data sourced from premium APIs and authenticated through a three-tier aggregation system, Chainlink is trusted by some of the blockchain industry’s most valuable DeFi applications, such as Aave, Compound, dYdX, Synthetix, Sushi, Nexus Mutualand more.
“By delivering the most reliable, highest quality data to the already lightning-fast Solana blockchain, Chainlink’s integration with Solana is a big step forward for the kind of scalable, institutional-grade DeFi applications that cannot. only be built on Solana,” said Sergei Nazarov, co-founder of Chainlink. “Chainlink is now the most robust and comprehensive oracle network on the Solana blockchain, and we expect its role in the Solana ecosystem to grow as we integrate more price feeds and additional off-chain services.”
At launch, several popular Solana-based DeFi projects pledged to adopt Chainlink, including yield aggregation apps Francium and Tulip, lending protocol Apricot Finance, stablecoin UPFI and others.
Yaniv Houco-founder and CTO at Apricot Finance, said: “We chose to support our lending business with Chainlink Price Feeds because of their unparalleled security and proven performance. Now Apricot can push the boundaries of innovation DeFi on Solana while being backed by the most secure, reliable and proven market data solution available.”
In the coming months, Chainlink is expected to provide Solana-based developers with access to hundreds of additional price feeds and datasets, as well as other popular Chainlink services such as Reserve evidence for the heritage certificate, Guardians for event and time-based automation, and Verifiable random function (VRF) for random, a service already used by hundreds of teams to fairly mint millions of NFTs.
Later this year, Chainlink also plans to launch the Cross-Chain Interoperability Protocol (CCIP), a new global standard for decentralized cross-blockchain messaging, data, and token movement. With CCIP, Solana users and developers will be able to move tokens and execute smart contracts across different blockchains through the use of Chainlink oracle networks, enabling the creation of cross-chain applications.
Chainlink is the industry standard for creating, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations to enable feature-rich applications. Chainlink currently secures tens of billions of dollars in DeFi, insurance, gaming, and other major industries, and provides global enterprises and major data providers with a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain link or by reading the developer documentation at docs.chain.link. To discuss an integration, contact an expert.
Solana is the most successful blockchain in the world. It gives developers the confidence to build for the long haul by providing predictable scaling without compromising security or composability. Solana’s performance is driven by intra-shard parallelism, which is capable of processing thousands of smart contracts at once, and Proof of History, an innovation in distributed timing that unlocks low-latency, sub-target finality. second across the world state. To learn more, please visit https://solana.com/.
SOURCE chain link