Chainlink integrates with Moonbeam to provide price data to Polkadot developers
Derek Yoo, the founder of Moonbeam, noted that the integration lets their platform provide “building blocks” to DeFi developers. Decentralized oracle network Chainlink (LINK) has integrated its service called Chainlink Price Feeds to Moonbeam, a smart contract parachain on Polkadot (DOT), to provide data to developers in the platform. In a release sent to Cointelegraph, Chainlink's team noted that going live on Moonbeam will allow those who build within the platform to access price information that’s compiled and aggregated from many different exchanges. This allows decentralized finance (DeFi) developers to bring price accuracy to their decentralized applications (DApps).
Moonbeam founder Derek Yoo mentioned that access to off-chain asset prices has many uses in DeFi, but resistance to attacks and manipulation in price data is hard to achieve. However, the Moonbeam founder believes that Chainlink is able to solve the issue and can help DeFi developers within their platform. He explained that:
“This Chainlink integration is one of the last integrations needed to provide a full set of building blocks to Moonbeam DeFi developers.”
Niki Ariyasinghe, an executive at Chainlink, expressed their support for Moonbeam developers. Ariyasinghe highlighted that this integration will allow Polkadot developers to create new use cases in interconnected DeFi platforms. Earlier in June, LINK's price has broken its downward trend, rallying to $9 when its team announced a new roadmap. Additionally, Chainlink has also told the news that LINK staking will be included in the project's Chainlink Economics 2.0. This will let participants back the Chainlink network with LINK tokens, allowing it to have increased "crypto-economic security."
Last week, Chainlink habrought Chainlink Keepers as well as Chainlink Verifiable Random Function (VRF) to the Avalanche (AVAX) network. The integration provides automated smart contracts and a verified random number generator to DApps built on top of Avalanche. Ava Labs founder Emin Gün Sirer said that this simplifies the experience of both developers and users.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 90.8% | 13 | $62 694.61 | 2.55% | -2.33% | $1 234 939 874 817 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 86% | 20 | $2 963.82 | 1.29% | -5.94% | $355 994 588 874 |  |
|
| 3 |  USDT |
Tether predictions | 93.2% | 1 | $0.999756 | 0.02% | -0.04% | $110 812 996 306 |  |
|
| 4 |  BNB |
Binance Coin predictions | 88% | 15 | $595.43 | 0.48% | 0.59% | $87 878 164 248 |  |
|
| 5 |  SOL |
Solana predictions | 83.2% | 29 | $145.87 | 0.58% | -5.43% | $65 426 055 274 |  |
|
| 6 |  USDC |
USD Coin predictions | 94% | 1 | $1.000085 | 0% | 0.01% | $33 143 512 476 |  |
|
| 7 |  XRP |
XRP predictions | 87.2% | 14 | $0.506447 | 0.34% | -5.40% | $28 036 497 348 |  |
|
| 8 |  TON |
Toncoin predictions | 70.4% | 54 | $7.35 | 4.58% | 21.70% | $25 533 500 787 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 82% | 34 | $0.143044 | -0.07% | -11.87% | $20 637 310 058 |  |
|
| 10 |  ADA |
Cardano predictions | 84.4% | 17 | $0.448157 | 1.72% | -3.78% | $15 984 539 879 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 78.4% | 45 | $0.000023 | 4.05% | -5.71% | $13 810 536 231 |  |
|
| 12 |  AVAX |
Avalanche predictions | 82.4% | 33 | $33.39 | -1.14% | -13.46% | $12 741 228 378 |  |
|
| 13 |  WTRX |
Wrapped TRON predictions | 79.2% | 34 | $0.126328 | 0.03% | 5.76% | $11 050 995 794 |  |
|
| 14 |  TRX |
TRON predictions | 80% | 34 | $0.126204 | -0.20% | 5.57% | $11 040 180 177 |  |
|
| 15 |  STETH |
Lido stETH predictions | 94.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
