Since its launch in 2019, Chainlink has offered its oracle services to many leading industry projects including Aave, Compound, Sushi, and dYdX, as well as non-crypto companies like the Associated Press and AccuWeather.
The platform aims to extend its services to as many blockchains as possible by connecting smart contracts with live-price data and real-world events in a highly reliable manner.
As a blockchain platform leveraging the Ethereum network to provide its services, Chainlink has become the first Ethereum Virtual Machine (EVM) chain to launch on Solana.
Speaking about the development, Solana’s co-founder, Anatoly Yakovenko, noted that Chainlink’s launch on the network will help developers integrate world-class pricing data on DeFi.
“By providing the most reliable and highest quality data to the already lightning-fast Solana blockchain, the Chainlink’s integration with Solana is a major leap forward for the kind of scalable, institutional-grade, DeFi applications that can be built only on Solana,” he said.
Solana-Based Crypto Projects Adopt Chainlink
Yakovenko also stated that the blockchain oracle platform is the most powerful and comprehensive project on the Solana network right now.
Following its launch, Solana-based projects, including Apricot Finance, UPFI, Francium, and Tulip, showed great support and adopted the Chainlink price feeds.
Yaniv Hou, co-founder and tech lead at Apricot Finance, noted that the platform can now promote DeFi innovations fully supported by the most secure and time-tested market data solution available.
“We chose to underpin our lending activity with Chainlink Price Feeds because of their unmatched security and proven performance,” Hou said.
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