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Chainlink Price Feeds Now Live on Solana
The first non-EVM chain supported by Chainlink will offer seven price feeds for the Solana DeFi ecosystem.
Chainlink is expanding to Solana.
The blockchain oracle network said Friday that developers who build decentralized finance (DeFi) applications on the Solana mainnet can now incorporate seven of Chainlink’s price feeds into their products.
STORY CONTINUES BELOW
Popular DeFi projects such as Aave, Compound and dYdX already use Chainlink’s data services. Chainlink’s launch on Solana, however, makes it the first non-Ethereum Virtual Machine (EVM) chain supported by the network.
Chirag Dhull, head of product marketing at Chainlink Labs, told CoinDesk the “high throughput architecture” of Solana will help the price feeds obtain data at “high speeds and low costs.”
Chainlink’s services have brought 2.6 billion data points to blockchain applications, Dhull said. In February, Bank of America (BAC) attributed the growth of DeFi’s total value locked to Chainlink’s services accelerating mass adoption.
Solana-native projects such as Francium, Tulip and Apricot Finance have committed to integrate Chainlink’s price feeds. After the initial launch on Solana, Chainlink plans to offer more price feeds and services to developers. It will later release a "cross-chain interoperability protocol" for developers building on Solana to execute smart contracts across different blockchains.
Cam Thompson
Cam Thompson was a Web3 reporter at CoinDesk. She is a recent graduate of Tufts University, where she majored in Economics and Science & Technology Studies. As a student, she was marketing director of the Tufts Blockchain Club. She currently holds positions in BTC and ETH.
