Decentralized pricing oracles from Chainlink are now accessible on Solana, letting developers obtain trustworthy, real-time price data for seven distinct trading pairs, with hundreds more to emerge in the future.
Those working on the high-throughput blockchain now have an additional building block at their disposal.
A news statement sent out by the main Oracle supplier on Friday announced the launch of its pricing oracle networks on the Solana Mainnet. First, developers will have access to seven distinct Chainlink pricing feeds, including those for the Bitcoin to US Dollar, Ethereum to US Dollar and US Dollar to Canadian Dollar trading pairings, in order to create better-decentralised blockchain apps. In the following months, hundreds of pricing feeds will be made accessible.
Sergey Nazarov, Chainlink’s co-founder, had this to say about the integration: “The Chainlink connection with Solana is a big leap forward for the type of scalable, institutional-grade, DeFi apps that can only be created on Solana since it provides the most dependable and highest quality data to the already lightning-fast Solana blockchain. “We expect Chainlink’s position in the Solana ecosystem to grow as we integrate more pricing feeds and further off-chain services,” said the Solana team.
DeFi co-founder Anatoly Yakovenko said that Chainlink’s introduction to the network would “provide DeFi developers access to the most extensively used oracles in blockchain” and allow them to “create new DeFi dapps and products.” Solana-based DeFi initiatives, including yield aggregators Francium and Tulip, money market Paricot Finance, and the stablecoin protocol UPFI, have already agreed to use Chainlink’s price feeds.
It also said that it plans to add more of its services, like Proof-of-Reserve service for asset attestations, Keepers and Verifiable Random Functions for event-driven and time-based automation, to Solana.
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