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Chainlink price feeds are now available on the Solana Mainnet

Chainlink price feeds are now available on the Solana Mainnet
Ankish Jain
Jun 03, 2022, 15:42 PM
  • Chainlink's decentralised price feeds are now available on Solana's mainnet
  • Solana developers can use Chainlink's decentralised oracles to create improved DeFi applications
  • Developers can access seven pricing feeds initially, with hundreds more to follow

In a press release issued on Friday, the major oracle supplier Chainlink stated that its pricing oracle networks had gone live on the Solana Mainnet.

As a result of this collaboration, developers on Solana will have access to seven distinct Chainlink price feeds, including those for the BTC/USD, ETH/USD, and USDC/USD trading pairs, to create enhanced decentralised apps (dApps) on the blockchain. Moreover, hundreds more new pricing streams will become accessible in the coming months.

Anatoly Yakovenko, co-founder of Solana, mentioned: 

Meanwhile, Sergey Nazarov, co-founder of Chainlink, mentioned: 

In the following months, Chainlink is anticipated to provide Solana developers access to hundreds of more pricing feeds and databases and other popular Chainlink services.

Among these services are Proof of Reserve for asset attestation, Keepers for event-driven and time-based automation, and Verifiable Random Function (VRF) for randomisation, a service used by hundreds of teams to mint millions of NFTs equitably.

Later this year, Chainlink hopes to release the Cross-Chain Interoperability Protocol (CCIP), a new worldwide standard for decentralised inter-blockchain communications, data, and token transfers.

With CCIP, Solana users and developers will be able to transfer tokens and execute smart contracts across several blockchains via Chainlink oracle networks, facilitating the development of cross-chain apps.

Popular DeFi projects like Aave, Compound, and dYdX already use Chainlink's data services. However, Chainlink's activation on Solana makes it the network's first non-EVM (non-Ethereum Virtual Machine) chain.

Chainlink is now the industry-leading solution for extremely precise and tamper-resistant market data and secure off-chain computations. Since its debut, the Chainlink Network has powered over 980 oracle networks and safely delivered over 2.6 billion data points to on-chain applications.