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

Jamie Crawley is a CoinDesk news reporter based in London.

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.



Read more about
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

Trending

1
CoinDesk - Unknown
The Curious Case of Coinbase's India Communications Strategy

Reverberations remain from the company's ill-fated Indian launch.

Reverberations remain from the company's ill-fated Indian launch.

CoinDesk - Unknown
2
CoinDesk - Unknown
First Mover Asia: Crypto Carbon Trading Is Racing to Clean Up Its Act; Cryptos Drop Even as Stocks Rise

Carbon credit protocols have had a difficult time in recent months but have been working to improve the way they operate; bitcoin outperformed other major cryptocurrencies in Thursday trading.

Carbon credit protocols have had a difficult time in recent months but have been working to improve the way they operate; bitcoin outperformed other major cryptocurrencies in Thursday trading.

CoinDesk - Unknown
3
CoinDesk - Unknown
Terra Devs Need a Home. Other Blockchains Are Courting Them

Armed with multimillion-dollar ecosystem funds, chains like Polygon and Kadena are trying to woo coders whose work is endangered by Terra’s meltdown.

Armed with multimillion-dollar ecosystem funds, chains like Polygon and Kadena are trying to woo coders whose work is endangered by Terra’s meltdown.

CoinDesk - Unknown
4
CoinDesk - Unknown
Circle Recommends Against a Digital Dollar, and Ethereum Beacon Chain Suffers Longest ‘Reorg’ in Years

The most valuable crypto stories for Thursday, May 26, 2022.

The most valuable crypto stories for Thursday, May 26, 2022.

CoinDesk - Unknown