{"id":206688,"date":"2021-12-03T01:30:45","date_gmt":"2021-12-03T01:30:45","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=206688"},"modified":"2021-12-02T20:03:21","modified_gmt":"2021-12-02T20:03:21","slug":"heres-why-the-demand-for-moonriver-movr-could-rise-as-chainlink-integration-begins","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/heres-why-the-demand-for-moonriver-movr-could-rise-as-chainlink-integration-begins\/","title":{"rendered":"Here\u2019s why the demand for Moonriver (MOVR) could rise as Chainlink integration begins"},"content":{"rendered":"

Polkadot<\/a> smart contract parachain Moonbeam recently announced<\/a> the native integration of Chainlink<\/a> Price Feeds on Moonriver<\/a>, marking a pivotal moment for projects building in the Kusama<\/a> ecosystem.<\/p>\n

Moonriver is a layer 1 Ethereum<\/a>-compatible parachain connected to Kusama, and a permanently incentivized canary network of Moonbeam.<\/p>\n

Following the news that Chainlink Price Feeds officially went live on mainnet, market watchers are speculating Moonriver price could pump, with the integration unlocking major functionality like lending, borrowing and sophisticated trading applications.<\/p>\n

What does this integration mean?<\/h2>\n

Chainlink is a decentralized oracle network that brings real-world data to smart contracts at the speed of their native blockchain, including retrieving the latest pricing data of assets.<\/p>\n

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1\/ \ud83c\udf89 @Chainlink<\/a> price feeds are live on Moonriver! \ud83d\ude4c<\/p>\n

Devs can now use Chainlink\u2019s oracle functionality \ud83d\udd2e on Moonriver to build DeFi smart contracts using external data resources & off-chain computations without leaving the @kusamanetwork<\/a> ecosystem.https:\/\/t.co\/AV6Zn9cGcb<\/a><\/p>\n

— Moonriver Network (@MoonriverNW) December 1, 2021<\/a><\/p><\/blockquote>\n