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Chainlink Price Feeds Now Available on Optimistic Ethereum

The feeds will be native to Optimistic Ethereum, providing developers with low-cost price updates in real time.

Sep 1, 2021 at 4:00 p.m. UTC
Updated Sep 1, 2021 at 4:46 p.m. UTC

Price feeds from smart contract data provider Chainlink are now available on layer 2 scaling solution Optimistic Ethereum (OΞ).

  • The link will allow developers to build decentralized finance (DeFi) apps using Chainlink feeds, known as oracles, which provide on-chain data for crypto prices aggregated from hundreds of exchanges.
  • The integration will allow DeFi applications to migrate to OΞ with minimal changes to their code, according to an announcement shared with CoinDesk Wednesday.
  • Chainlink’s price feeds will be native to OΞ, providing developers with low-cost price updates in real time.
  • Chainlink aims to provide the same data quality and reliability as on the Ethereum base layer, but at lower cost and with more frequent updates. In August, its U.S. dollar-denominated price feeds became available on Ethereum scaling solution Arbitrum One.
  • Following the integration, Chainlink plans to expand OΞ support to other oracle products, such as Chainlink Keepers, a network of node operators offering decentralized off-chain computation.


DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Jamie Crawley is a CoinDesk news reporter based in London.

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