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Chainlink Price Feeds Now Available on Optimistic Ethereum

The feeds will be native to Optimistic Ethereum, providing developers with low-cost price updates in real time.

By Jamie Crawley
Updated May 11, 2023, 4:13 p.m. Published Sep 1, 2021, 4:00 p.m.
https://pxhere.com/en/photo/1218772 The image is released free of copyrights under Creative Commons CC0. You may download, modify, distribute, and use them royalty free for anything you like, even in commercial applications. Attribution is not required.
https://pxhere.com/en/photo/1218772 The image is released free of copyrights under Creative Commons CC0. You may download, modify, distribute, and use them royalty free for anything you like, even in commercial applications. Attribution is not required.

Price feeds from smart contract data provider Chainlink are now available on layer 2 scaling solution Optimistic Ethereum (OΞ).

  • The link will allow developers to build decentralized finance (DeFi) apps using Chainlink feeds, known as oracles, which provide on-chain data for crypto prices aggregated from hundreds of exchanges.
  • The integration will allow DeFi applications to migrate to OΞ with minimal changes to their code, according to an announcement shared with CoinDesk Wednesday.
  • Chainlink’s price feeds will be native to OΞ, providing developers with low-cost price updates in real time.
  • Chainlink aims to provide the same data quality and reliability as on the Ethereum base layer, but at lower cost and with more frequent updates. In August, its U.S. dollar-denominated price feeds became available on Ethereum scaling solution Arbitrum One.
  • Following the integration, Chainlink plans to expand OΞ support to other oracle products, such as Chainlink Keepers, a network of node operators offering decentralized off-chain computation.

Read more: Chainlink Integrates Weather Data From the Google Cloud

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