Decentralized computing platform Chainlink and Starknet, the secure scaling technology bringing Ethereum’s benefits to the world, announced this week that Chainlink Data Feeds, a data solution for DeFi, are now live on Starknet mainnet.
Starknet is an ecosystem that helps developers to overcome Ethereum’s scalability limitations while ensuring computational integrity. The addition of Data Feeds offers support for developers who are building highly scalable and secure DeFi applications on Starknet. The integration will help accelerate the growth of the Starknet ecosystem and scale DeFi on Ethereum—without compromising composability or security.
“We’re pleased to support the Starknet ecosystem with the native integration of Chainlink Data Feeds, enabling developers to build highly secure and scalable DeFi applications,” said Johann Eid, chief business officer at Chainlink Labs. “With hyper-reliable, accurate, and decentralized market data natively accessible on-chain, developers can create next-gen applications on Starknet.”
Starknet previously joined SCALE to gain enhanced access to services and accelerate ecosystem growth and app development on its ecosystem. As part of the SCALE program, the Starknet Foundation covers certain operating costs for Chainlink oracle nodes, equipping Starknet developers with access to low-cost Data Feeds. This strategic partnership provided a data-rich, low-cost environment to build highly performant, increasingly complex, and secure smart contract applications.
Starknet is a permissionless Validity-Rollup on Ethereum that enables dApps to securely achieve massive computation scale. However, smart contracts cannot natively access external data. Chainlink solves this problem by bringing highly accurate market data on-chain in a highly secure manner.
“We’re excited to integrate the industry standard Chainlink Data Feeds on Starknet,” said Diego Oliva, CEO at the Starknet Foundation. “Providing Starknet developers with highly secure, reliable, and accurate data will unlock a host of advanced DeFi use cases and drive the adoption of the Starknet ecosystem.”
Chainlink said its Data Feeds have enabled more than $12 trillion in transaction value since the beginning of 2022 and have delivered more than 12 billion data points securely on-chain. The combined benefits of this partnership enable hyper-scalable, highly secure, and reliable DeFi applications that will help realize mass DeFi adoption and scale Ethereum.
