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Monad Integrates Chainlink Scale: Data Feeds, Streams & CCIP

Monad Integrates Chainlink Scale: Data Feeds, Streams & CCIP

Joining Chainlink Scale gives developers on Monad access to low-cost, reliable Chainlink services

Monad a layer-1 blockchain bringing parallel execution to the EVM and Chainlink, the standard for on-chain finance, announced that Monad has joined Chainlink Scale to drive the expansion of its ecosystem. As part of the program, highly secure, reliable, and decentralized Chainlink Data Feeds are being integrated on Monad.

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This initiative is aimed at accelerating ecosystem growth and the long-term adoption of Monad by equipping its developers with low-cost, reliable Chainlink services. As part of this program,Chainlink oracle nodes will supply the network with an extensive array of Data Feeds spanning diverse asset classes and categories such as Proof of Reserve alongside other essential oracle services.

Monad is a high-performance Ethereum-compatible L1 that materially advances the efficient frontier in the balance between decentralization and scalability. Monad introduces optimizations in four major areas MonadBFT, Asynchronous Execution, Parallel Execution, and MonadDb resulting in a blockchain with a throughput of over 10,000 transactions per second.

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This will be in addition to the deployment of Chainlink CCIP and Data Streams on Monad Testnet, deepening the integration between the Chainlink and the Monad ecosystems.

“We’re excited to join Chainlink Scale to bring highly reliable price data to our layer-1 blockchain. Chainlink’s proven infrastructure and ultra-reliable data feeds are essential to unlocking next-gen DeFi on Monad.”Keone Hon, Co-Founder & CEO, Monad

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“Monad joined Chainlink Scale to expand DeFi innovation on its high-performance L1. With tamper-proof data provided by the Chainlink standard, Monad developers can unlock powerful new use cases and user experiences. We look forward to a deep strategic relationship with the Monad ecosystem.”—Johann Eid, Chief Business Officer at Chainlink Labs

To share your insights with the FinTech Newsroom, please write to us at sudipto@intentamplify.com

Source – PR Newswire

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