Ethereum Layer 2 venture Taiko has named Chainlink Data Streams as its official oracle infrastructure, introducing sub-second, tamper-proof market data throughout its rollup community.
The combination, announced Wednesday, is designed to speed up DeFi utility growth on Taiko’s primarily based rollup structure, which depends on Ethereum validators for transaction sequencing and censorship resistance.
Chainlink oracles, which have already secured greater than $100 billion in decentralized finance (DeFi) exercise, have facilitated over $25 trillion in transaction worth. By embedding Chainlink’s infrastructure into its ecosystem, Taiko goals to give builders entry to liquidity-weighted bid-ask spreads, versatile reporting schemas, and institutional-grade market data.
The combination additionally permits macroeconomic data, together with figures from the US Division of Commerce, to be posted onchain.
Taiko Chief Working Officer Joaquin Mendes mentioned adopting Chainlink ensures the community has “safe, high-fidelity market data” that may help superior monetary merchandise reminiscent of lending protocols and derivatives platforms.
Mendes emphasised the venture’s alignment with Ethereum’s decentralization ethos and its ambition to appeal to institutional capital.
Chainlink Labs’ Chief Enterprise Officer Johann Eid mentioned the partnership positions Taiko to “unlock important DeFi innovation” whereas offering establishments with dependable infrastructure. Past DeFi, the collaboration is framed as a step towards enabling tokenized real-world property and enterprise sensible contract functions.
This can be a growing story.
This text was generated with the help of AI and reviewed by editor Jeffrey Albus earlier than publication.
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