{"id":438629,"date":"2024-08-15T15:00:15","date_gmt":"2024-08-15T14:00:15","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=438629"},"modified":"2024-08-15T13:00:45","modified_gmt":"2024-08-15T12:00:45","slug":"chainlink-tools-now-power-millions-of-transactions-on-base-network","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/chainlink-tools-now-power-millions-of-transactions-on-base-network\/","title":{"rendered":"Chainlink tools now power millions of transactions on Base network"},"content":{"rendered":"<p>Blockchain Oracle network <a href=\"https:\/\/cryptoslate.com\/coins\/chainlink\/\">Chainlink<\/a> revealed that its entire product suite is now available to developers on the <a href=\"https:\/\/cryptoslate.com\/companies\/coinbase\/\">Coinbase<\/a>-incubated <a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">Ethereum<\/a> layer-2 network\u00a0Base, according to an Aug. 15 statement shared with <em>CryptoSlate<\/em>.<\/p>\n<p>This followed the firm integration of its Data Streams and Verifiable Random Function (VRF) products on the layer-2 network.<\/p>\n<p>Tom Vieira, Base's Head of Product, expressed enthusiasm about Chainlink's entire infrastructure solutions\u2014including the Cross-Chain Interoperability Protocol (<a href=\"https:\/\/cryptoslate.com\/chainlink-and-circle-partner-to-boost-usdcs-cross-chain-capabilities\/\">CCIP<\/a>) and Price Feeds\u2014being <a href=\"https:\/\/cryptoslate.com\/coinbases-base-leverages-chainlink-technology-to-enhance-developer-capabilities\/\">available on the platform<\/a>.<\/p>\n<p>He noted that this arms developers with the necessary tools to build the next generation of on-chain applications.<\/p>\n<p>Over the past year, Base has rapidly gained traction in the industry, becoming a popular choice for Ethereum layer-2 transactions. According to Growthepie <a href=\"https:\/\/www.growthepie.xyz\/fundamentals\/transaction-count\">data<\/a>, Base was responsible for more than 4 million transactions during the past day, while its closest rival, <a href=\"https:\/\/cryptoslate.com\/coins\/arbitrum\/\">Arbitrum<\/a>, only processed 1.8 million transactions during the same period.<\/p>\n<h2>Data streams<\/h2>\n<p>Data Streams offers a cutting-edge solution for the DeFi market, delivering low-latency market data and automated execution. This innovation paves the way for a new era of fast and user-friendly DeFi products.<\/p>\n<p>Chainlink Data Streams leverages robust, decentralized infrastructure to provide high-frequency market data. This capability allows high-throughput DeFi products to offer a smooth user experience akin to centralized exchanges (CEXs) while ensuring unmatched on-chain execution speed and proven security.<\/p>\n<p>Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, noted that Chainlink Data Streams' low-latency data will empower developers to create the next generation of DeFi solutions on the Ethereum-based network.<\/p>\n<p>Notably, several DeFi protocols, such as <a href=\"https:\/\/cryptoslate.com\/coins\/avalanche\/\">Avalanche<\/a>-based GMX, are using the solution to power their platform's infrastructure.<\/p>\n<p class=\"s3\"><span style=\"color: #333333; font-size: 22px; font-weight: bold;\">VRF<\/span><\/p>\n<p><a href=\"https:\/\/cryptoslate.com\/chainlink-vrf-vulnerability-thwarted-by-white-hat-hackers-with-300k-reward\/\">Chainlink VRF<\/a> is a leading Web3 random number generator (RNG) with over 21 million transaction requests completed across various blockchains.<\/p>\n<p>The recent VRF v2.5 upgrade introduces significant improvements for developers. It offers low-friction billing, better gas consumption predictions based on network conditions, and an enhanced user experience for smooth upgrades.<\/p>\n<p>Despite these upgrades, Chainlink VRF maintains an end-to-end latency of about two seconds across different use cases. Karakostas commented:<\/p>\n<blockquote><p>&#8220;VRF will now enable smart contracts on Base to access random number generation securely.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain Oracle network Chainlink revealed that its entire product suite is now available to developers on the Coinbase-incubated Ethereum layer-2 network\u00a0Base, according to an Aug. 15 statement shared with CryptoSlate. This followed the firm integration of its Data Streams and Verifiable Random Function (VRF) products on the layer-2 network. Tom Vieira, Base&#8217;s Head of Product, [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":438677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[74600,76714],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chainlink tools now power millions of transactions on Base network<\/title>\n<meta name=\"description\" content=\"Chainlink unveils full suite on Coinbase\u2019s Ethereum layer-2 network Base.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/chainlink-tools-now-power-millions-of-transactions-on-base-network\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chainlink tools now power millions of transactions on Base network\" \/>\n<meta property=\"og:description\" content=\"Chainlink unveils full suite on Coinbase\u2019s Ethereum layer-2 network Base.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/chainlink-tools-now-power-millions-of-transactions-on-base-network\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-15T14:00:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-15T12:00:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/08\/chainlink-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/chainlink-tools-now-power-millions-of-transactions-on-base-network\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/chainlink-tools-now-power-millions-of-transactions-on-base-network\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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