Chainlink Oracles Become Available on Ethereum Scaler Arbitrum One

U.S. dollar-denominated price feeds are available now, with support for new price pairs to follow.

Aug 12, 2021 at 4:00 p.m. UTC
Updated Sep 14, 2021 at 1:39 p.m. UTC

Oracles from Chainlink, a provider of data feeds to smart contracts, have been integrated into Ethereum scaling solution Arbitrum One.

  • Chainlink's U.S. dollar-denominated price feeds are available now, with support for new price pairs to follow, according to an announcement shared with CoinDesk Thursday.
  • Arbitrum says it is addressing a common request from smart-contract developers, who require high-quality data from financial markets to power decentralized exchanges, futures and options platforms and algorithmic stablecoins.
  • The Chainlink feeds provide Arbitrum with high-frequency price updates allowing assets to be valued on-chain and in real time.
  • Arbitrum says developers will be able to receive the same data quality and reliability as on the Ethereum base layer, but at lower cost and with more frequent updates.
  • Arbitrum One is the network's beta mainnet.
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