High-performance blockchain network Solana announced today that Chainlink Price Feeds, the most widely used and time-tested decentralized price oracle in DeFi, is now running live on Solana DevNet with a sub-second update. Chainlink team intends to ship mainnet integration before Q4 ends,
Now, Solana developers can leverage the Chainlink price feed for highly decentralized, high-quality and rapidly updating price reference data to build a variety of hybrid smart contract apps.
Solana supports up to 65,000 transactions per second and fees per transaction are less than a penny, adding the Chainlink price feed enables DeFi app development that competes with CEFI trade execution and risk management quality.
Securing tens of billions of dollars in the DeFi ecosystem, Chainlink Price Feeds leverages a network of nodes that draw data from multiple premium data sources and benchmark providers to ensure accurate, uptime, robust coverage and multiple layers of decentralized security. to generate market-representative value with , and tamper-resistance, even during periods of extreme market volatility.
Development teams leveraging Chainlink price feeds on Solana can save time and resources coming to market, provided they don’t need to build the backend infrastructure from scratch. Instead, developers can focus on their core business and bring the next generation of apps to users in the Solana ecosystem.
Importantly, Chainlink’s Solana deployment has no reliance on an external blockchain, allowing oracle updates to speed up and cost native to Solana, while ensuring the highest quality of data and the level of uptime and tamper-resistance. does what developers have come to expect from Chainlink.
“Developers will have the Oracle infrastructure needed to build high-speed and tamper-proof DeFi apps. We are excited to support the growth of the Solana ecosystem through the Oracle Network that provides end-to-end decentralization, data accuracy and Provide a wide range of secure off-chain services.
– Sergei Nazarov, Co-Founder of Chainlink
Providing low-latency updates with market coverage across all relevant traditional and decentralized exchanges, each Chainlink price feed update represents a carefully aggregated price using a framework for source aggregation, suspicious volume detection, and decentralized computation.
As a result, Chainlink has remained accurate and available despite data manipulation attacks such as exchange downtime, flash crash outliers and flash loans.
“Natively integrating Chainlink into the Solana blockchain can significantly increase the rate at which developers can build high-throughput DeFi apps by providing direct access to reliable off-chain data and computation.”
– Anatoly Yakovenko, Founder and CEO of Solana Labs
To start building Chainlink smart contracts on Solana DevNet, see the Chainlink developer documentation.