Ethereum

Starknet

DeFi

Chainlink

<ul> 
 <li><strong>Ethereum scaling network Starknet has launched Chainlink Data Feeds on its mainnet to enable developers to build scalable and secure DeFi applications.</strong></li> 
 <li><strong>Starknet has been working with Chainlink for over a year as a member of the SCALE ecosystem where its tokens covered some of the operating costs for Chainlink’s oracle nodes.</strong></li> 
</ul>  
<p>Starknet, a secure scaling technology catering to the Ethereum community, has integrated Chainlink Data Feeds on its mainnet, ushering in a new era for its DeFi community.</p> 
<p><iframe title="Chainlink Data Feeds Launch on Starknet, Enhancing DeFi Development" width="788" height="443" src="https://www.youtube.com/embed/oPHOHJfDmrI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<p>Starknet <a href="https://x.com/Starknet/status/1811431608689533396" target="_blank" rel="nofollow noopener">announced</a> the integration on Thursday, calling on its community to leverage Chainlink’s “highly secure, reliable, and accurate data” while building their dApps.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw">#Chainlink</a> Price Feeds are now live on <a href="https://twitter.com/Starknet?ref_src=twsrc%5Etfw">@Starknet</a> mainnet, a layer-2 validity rollup on <a href="https://twitter.com/ethereum?ref_src=twsrc%5Etfw">@ethereum</a> developed by <a href="https://twitter.com/StarkWareLtd?ref_src=twsrc%5Etfw">@StarkWareLtd</a>.</p> 
 <p>How the industry-standard data solution unlocks next-gen DeFi apps on Starknet <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/E08P1xjclO">https://t.co/E08P1xjclO</a> <a href="https://t.co/JOz93zvYGD">pic.twitter.com/JOz93zvYGD</a></p> 
 <p>— Chainlink (@chainlink) <a href="https://twitter.com/chainlink/status/1811431063069356358?ref_src=twsrc%5Etfw">July 11, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Chainlink Data Feeds are reliable and decentralized sources of off-chain data, such as prices of assets in the real world, that power unique smart contracts use cases, such as in DeFi. These feeds are powered by independent and reputable Sybil-resistant node operators and aggregate their data from multiple premium APIs. While they are built on Chainlink, the feeds are blockchain agnostic and power applications across dozens of blockchains, as we have previously <a href="https://www.crypto-news-flash.com/cronos-integrates-with-chainlink-price-feeds-to-provide-data-to-defi-apps/" target="_blank" rel="noopener">reported</a>.</p> 
<p><a href="http://starkware.co/starknet" target="_blank" rel="nofollow noopener">Starknet</a>, on the other hand, is a permissionless Validity-Rollup on the Ethereum network that enables decentralized applications to scale massively. It relies on ZK-STARK technology and is one of two solutions built by StarkWare; the other is <a href="http://starkware.co/starkex">StarkEx</a>.</p> 
<p>Starknet has been a big hit on the Ethereum ecosystem. As we <a href="https://www.crypto-news-flash.com/starknet-strk-surges-to-fourth-largest-ethereum-layer-2-tvl-exceeds-1-3-billion/" target="_blank" rel="noopener">reported</a> in February, it hit $1.3 billion in total value locked, the fourth-largest among Ethereum Layer 2s.</p> 
<h3 id="starknet-and-chainlink-to-power-dapps">Starknet and Chainlink to Power dApps</h3> 
<p>Blockchain applications rely on smart contracts. However, whether on Ethereum, its L2s like Starknet or other L1s, smart contracts are unable to natively access real-world data. For instance, if a smart contract is predicated on the price of ETH, it has no way of keeping up with changes in the trading market. This is the challenge that Chainlink solves, offering a bridge between the real world and the on-chain world.</p> 
<p>Since the beginning of 2022, Chainlink’s Data Feeds have facilitated over $12 trillion, delivering over 12 billion data points onchain.</p> 
<p>Johann Eid, Chainlink Labs’ Business Officer, <a href="https://www.prnewswire.com/news-releases/chainlink-data-feeds-are-now-live-on-starknet-accelerating-defi-development-and-ecosystem-adoption-through-the-chainlink-scale-program-302194631.html" target="_blank" rel="nofollow noopener">commented</a> that the company “is pleased to support the Starknet ecosystem with the native integration of Chainlink Data Feeds, enabling developers to build highly secure and scalable DeFi applications.”</p> 
<p>He added:</p> 
<blockquote>
 <p>With hyper-reliable, accurate, and decentralized market data natively accessible onchain, developers can create next-gen applications on Starknet.</p>
</blockquote> 
<p>On behalf of Starknet Foundation, CEO Diego Oliva said that integration is critical to his organization’s mission of providing developers with “highly secure, reliable, and accurate data will unlock a host of advanced&nbsp;DeFi&nbsp;use cases and drive the adoption of the Starknet ecosystem.”</p> 
<p>It’s not the first collaboration between Starknet and Chainlink. Early last year, its developer StarkWare <a href="https://www.prnewswire.com/news-releases/starkware-partnering-with-chainlink-labs-to-accelerate-ecosystem-growth-and-expand-app-development-on-starknet-301739603.html" target="_blank" rel="nofollow noopener">announced</a> that it had joined the Chainlink SCALE program. Under this partnership, Starknet tokens would be used to cater to some operating costs for Chainlink’s oracle nodes.</p> 
<p>LINK <a href="https://www.crypto-news-flash.com/marketcap/" target="_blank" rel="noopener">trades </a>at <span style="color: #ff0000;">$12.59</span>, dipping by<span style="color: #ff0000;"> 2%</span> in the past day.</p> 
<div class="cryptoboxes" id="mcw-435411" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="chainlink" data-symbol="LINK" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Chainlink Data Feeds Go Live on Starknet, Boosting DeFi Development

Table of Contents

Crypto News Flash

Other articles published on Jul 12, 2024

Ripple XRP and ICP Get New CME Group Crypto Indices for Daily Settlement Prices

Zeebu on the Rise: Hits $3B Transaction Volume and New All-Time High

Whales Increase Dogecoin Activity

Animoca Token Is LIVE: How To Buy MOCA On Bitget?

Investors Turn to MoonBag as MBAG Price Climbs in Presale, Polygon and Injective Experience Losses

ZAP Token Protocol Soars to $100 Million Valuation with Latest Funding Round!

Join our free newsletter for daily crypto updates!