The blockchain oracle network said Friday that developers building decentralized finance (DeFi) applications on the Solana mainnet are now seven of Chainlink’s price feeds can integrate into their products.
Popular DeFi projects like Aave, Compound and dYdX are already using Chainlink’s data services. However, Chainlink’s launch on Solana makes it the first non-Ethereum Virtual Machine (EVM) chain to be supported by the network.
Head of product marketing Chirag Dhull told CoinDesk that Solana’s “high-throughput architecture” will help price feeds deliver data at “high speed and low cost.” to obtain.
Chainlink’s services have brought 2.6 billion data points to blockchain applications, Dhull said. In February, Bank of America attributed DeFi’s Total Value Locked (TVL) growth to Chainlink’s services accelerating mass adoption.
Solana-native projects like Francium, Tulip, and Apricot Finance have committed to integrating Chainlink’s price feeds. After the initial launch on Solana, Chainlink plans to offer developers more price feeds and additional services. Later, the Cross-Chain Interoperability Protocol will be introduced for developers building on Solana to run smart contracts across chains.
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