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.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||59.6%||92||$20 358.95||-1.33%||-0.55%||$388 446 303 368|
|2||ETH||Ethereum predictions||55.2%||90||$1 152.46||-1.93%||4.48%||$139 837 109 318|
|3||USDT||Tether predictions||94.4%||1||$0.998816||-0.02%||-0.02%||$66 745 776 786|
|4||USDC||USD Coin predictions||93.6%||1||$1.000328||0.02%||0.03%||$55 820 927 466|
|5||BNB||Binance Coin predictions||58.4%||89||$229.42||-1.07%||5.78%||$37 459 518 058|
|6||BUSD||Binance USD predictions||91.6%||1||$0.999158||-0.18%||0.06%||$17 369 031 848|
|7||XRP||XRP predictions||62%||80||$0.336907||-1.76%||4.22%||$16 287 125 919|
|8||ADA||Cardano predictions||65.6%||75||$0.474957||-1.02%||1.44%||$16 117 202 321|
|9||SOL||Solana predictions||68%||66||$35.68||-4.55%||1.04%||$12 230 152 580|
|10||DOGE||Dogecoin predictions||61.6%||80||$0.067308||-3.10%||5.51%||$8 929 753 009|
|11||DOT||Polkadot predictions||63.2%||78||$7.42||-1.67%||-1.75%||$7 329 831 546|
|12||DAI||Dai predictions||92%||1||$1.000154||0.06%||0.05%||$6 718 496 522|
|13||TRX||TRON predictions||55.6%||91||$0.066274||0.93%||2.59%||$6 130 034 055|
|14||SHIB||SHIBA INU predictions||63.2%||74||$0.000010||-5.15%||3.23%||$5 583 599 858|
|15||LEO||UNUS SED LEO predictions||76.8%||50||$5.74||-1.31%||-1.91%||$5 479 483 866|
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