BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Chainlink Price Feeds To Power Solana (SOL) DeFi Protocol

by Dalmas Ngetich
Aug 8, 2022 - 12:00 am
in Blockchain
Chainlink Price Feeds To Power Solana (SOL) DeFi Protocol

Recently the Solana (SOL) network integrated the Chainlink services Into its ecosystem. This is not far-fetched because Chainlink is a decentralized Blockchain oracle system on the Ethereum (ETH) network.

It has a data feed system that tracks cryptocurrency asset performance. In addition, this price feed feature provides the easiest way to connect to smart contract real-life data, including prices.

https://twitter.com/chainlink/status/1556446846431776768?s=20&t=wD1wsrsN8nzdD4Hae8M_MA

This adoption will enable DeFi developers on the Solana (SOL) ecosystem to directly access feeds on their dApps. Currently, only seven price feeds are available on the network, including ETH/USD, USDC/USD, e.t.c.

But there may be additional feeds in the future. Depending on the developer’s choice, the feeds can either be used on-chain or off-chain. Before Solanas (SOL) adoption of Chainlink services,  a real estate platform that enables the investors to purchase tokenized shares of rental properties had already integrated the oracle services of chainlink.

This enabled them to make automated rental payments and distribution to token holders on the platform. Before integrating the Chainlink service on Solana (SOL), the cofounders of both platforms made an optimistic statement regarding the adoption.

Cofounder of Solana(SOL) Anatoly Yakovenko in June 2022, said the integration of Chainlink oracle on the network would be a massive help to DeFi developers on the platform. While Chainlink cofounder Sergey Nazarov, the same month, expressed his excitement about the integration and said the oracle network team Is anticipating their role in the Solana (SOL) ecosystem.

Further, it will be a giant leap forward for DeFi. Along with Solana (SOL), five other chains adopted chainlink Oracle and price feed services. Avalanche (AVAX), BNB chain, Ethereum (ETH), Polygon, and Metis are chains.

More chains may adopt chainlink oracle and price feed services shortly due to the several DeFi projects emerging now and then.

Tags: CryptoDeFiLINKSOL
Dalmas Ngetich

Dalmas Ngetich

His primary focus is on technical analysis (crypto is, obviously, *not* crypto without the twirls of price action), the magic of DeFi, and NFTs. He is specifically training his eyes and effort on DeFi—and how the tech is changing investment, opening up opportunities for everyone—and the possibilities of NFTs.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service