<

Chainlink Enables Real-Time Integration on Polygon’s zkEVM

In a move set to revolutionize decentralized finance (DeFi), developers building on Polygon’s zkEVM will now have seamless access to Chainlink’s data feeds. This collaboration marks a pivotal moment in bridging the gap between on-chain applications and real-world data, potentially reshaping the landscape of decentralized applications.

Chainlink, a leading blockchain data-oracle project renowned for its robust and reliable data infrastructure, has extended its support to developers leveraging Polygon’s layer 2 zero-knowledge rollup. This alliance opens up avenues for integrating critical real-time data into smart contracts, including asset prices, reserve balances, NFT floor prices, and L2 sequencer health.

The significance of this partnership lies in its ability to empower developers working on Polygon’s zkEVM to weave these data feeds into their on-chain applications. Marc Borion, CEO of Polygon Labs, emphasized the transformative impact of this functionality. Borion remarked, “This functionality is set to unlock the deployment of several significant DeFi protocols on Polygon zkEVM early next year.”

The integration of real-world data feeds into decentralized applications has long been a challenge. However, with Chainlink’s expertise and infrastructure combined with Polygon’s scaling solutions, this barrier is being dismantled. Developers can now seamlessly access and incorporate crucial external information into their applications, enabling a new era of DeFi innovation and functionality.

This development paves the way for a myriad of possibilities within the DeFi ecosystem on Polygon. Liquidity protocols and decentralized exchanges stand to benefit immensely from this integration. By utilizing Chainlink’s data feeds, these protocols can make more informed, data-driven decisions, enhancing efficiency, reliability, and trustworthiness.

The broader implications of this collaboration extend beyond the immediate impact on DeFi applications. It sets a precedent for the integration of reliable off-chain data into various blockchain-based ecosystems, potentially inspiring similar collaborations across the industry.

Chainlink’s decision to provide its data feeds to developers on Polygon’s zkEVM underscores the growing synergy between prominent projects within the blockchain space. Such collaborations not only amplify the capabilities of individual platforms but also contribute to the maturation and evolution of the entire blockchain and DeFi landscape.

Read more:

Join us on Telegram

Follow us on Twitter

Follow us on Facebook

Follow us on Reddit

You might also like

LATEST NEWS

LASTEST NEWS