Bitcoin
BTC$57 227.41

2.77%

Ethereum
ETH$3 268.20

1.88%

Tether
USDT$1.000608

0.03%

Binance Coin
BNB$397.64

-0.22%

Solana
SOL$108.73

-0.56%

XRP
XRP$0.581236

4.79%

Chainlink integrates with Moonbeam to provide price data to Polkadot developers


17 Jun 2022

#Chainlink

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.


Related

Chainlink plunges from 3-month high as LINK price eyes another 50% correction
Chainlink plunges from 3-month high as LINK price eyes another 50% correction
Chainlink’s total value secured surpasses $75B as DeFi continues to surge
Chainlink’s total value secured surpasses $75B as DeFi continues to surge
Chainlink (LINK) looks for momentum while pro traders target $40
Chainlink (LINK) looks for momentum while pro traders target $40
Chainlink Labs joins Hedera Governing Council
Chainlink Labs joins Hedera Governing Council
DeFi Tokens BAND, LINK, Outpace Bitcoin Price by Gaining 100% in 10 Days
DeFi Tokens BAND, LINK, Outpace Bitcoin Price by Gaining 100% in 10 Days
Chainlink Integrates With Social Network Led by Distributed Computing Pioneer
Chainlink Integrates With Social Network Led by Distributed Computing Pioneer

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 63.2% 77 $57 227.41 2.77% 10.14% $1 123 928 709 833 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64.4% 80 $3 268.20 1.88% 9.00% $392 677 165 591 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000608 0.03% 0.05% $98 450 742 199 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 67.2% 70 $397.64 -0.22% 12.43% $59 464 250 949 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 79.6% 40 $108.73 -0.56% 2.07% $48 110 489 643 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 82.8% 29 $0.581236 4.79% 4.77% $31 732 154 841 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000049 0.01% 0.01% $28 537 245 374 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 69.2% 66 $0.622124 -0.06% 2.81% $22 069 873 483 ADA 7 days price change
9 Avalanche (AVAX) AVAX Avalanche predictions 76% 52 $39.50 0.67% 4.32% $14 901 404 487 AVAX 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 80.8% 27 $0.095622 6.42% 12.28% $13 698 272 351 DOGE 7 days price change
11 TRON (TRX) TRX TRON predictions 67.2% 63 $0.143316 1.91% 2.32% $12 610 871 764 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 71.6% 61 $0.143061 1.88% 2.45% $12 588 506 729 WTRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 76.8% 43 $19.01 -0.49% 0.47% $11 161 094 840 LINK 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 71.2% 51 $8.29 2.87% 9.67% $10 648 944 874 DOT 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.