Supra Oracles Launch on IOTA EVM

Boosting Data Integrity and Availability

TL;DR:

Supra Oracles has integrated IOTA EVM, boosting data accuracy and timeliness. This update supports a wide array of DLT networks and introduces real-time data for smart contracts, elevating the development of high-performance dApps across multiple sectors. This step fortifies IOTA’s infrastructure, ensuring high availability and fostering innovation in complex financial and trading applications.

DApp builders need frictionless access to timely and accurate data for a host of reasons: from ensuring real-time decision-making (especially important for decentralized finance), and smart contract execution to improved user experience, security, and overall efficiency. Therefore we are pleased to announce the integration of Supra Oracles, enhancing the IOTA EVM infrastructure. This integration strengthens the commitment to improving the efficiency and reliability of our product suite, further enriching the capabilities of decentralized applications (dApps).

Supra Oracles is an important building block in bolstering the resilience of the network. By seamlessly incorporating real-time and verifiable data into smart contracts, builders and innovators gain an important tool to build robust and performant dApps.

Supra is a first-party oracle service, with the goal of providing efficient and reliable solutions for decentralized applications, such as DEXs, lending protocols, and derivatives platforms. Supra currently supports more than 85 networks including BNB Chain, Ethereum, Optimism, Sui, and many more. Price updates are pushed in sub-second intervals, ensuring perfect data availability.

With the integration of Supra’s oracle services, IOTA EVM gains access to an important part of the infrastructure, adding redundancy to assure uninterrupted up-time, which is pivotal for a top-notch and thriving ecosystem. This partnership empowers developers and builders with the necessary tools to create innovative products and services, from advanced trading systems to extensive financial services platforms.