Monad, a Layer 1 blockchain constructed for prime efficiency and appropriate with the Ethereum Digital Machine (EVM), has formally joined Chainlink’s SCALE program. Via the partnership, Monad will implement Chainlink’s oracle companies, together with information feeds, information streams, and the cross-chain CCIP protocol, on its testnet. Which means builders constructing on Monad could have entry to extra correct and dependable market information with out counting on third events.
By offering tamper-proof worth and market data, this integration can improve person belief and pave the way in which for wider adoption. Chainlink’s information feeds allow information supply at a low price and with diminished latency. For DeFi initiatives that want velocity and effectivity, this can be essential answer. CCIP, alternatively, permits for cross-chain transfers of tokens with particular directions on the goal blockchain.
CAP has already used Chainlink oracles on Ethereum to make sure that the cUSD worth stays clear and can’t be manipulated. CAP’s actions are a real-life instance of how Chainlink can immediately construct belief in DeFi initiatives. On the time of writing, LINK is buying and selling at $14.61, up 11.83% within the final 24 hours, pushing the market cap previous the $9 billion mark.
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