Key Takeaways

• Chainlink Data Feeds are now available on StarkNet, enhancing the platform’s DeFi capabilities.
• The integration supports cost-effective development with reliable data feeds for StarkNet developers.

Oracle network Chainlink has launched its Data Feeds, a secure and reliable data source, on the Starknet mainnet, said the firm in a Thursday press release. The deployment aims to empower Starknet developers to build secure and scalable DeFi applications.

“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.

Chainlink Data Feeds provide secure, decentralized, and high-quality real-world data to power a wide range of smart contract applications across different blockchain networks. With this service, builders can read the latest data both on-chain and off-chain using various programming languages and web3 libraries.

“With hyper-reliable, accurate, and decentralized market data natively accessible onchain, developers can create next-gen applications on Starknet,” Eid added.

The latest development follows the integration of Chainlink Data Feeds on Starknet testnet as part of the partnership between StarkWare and Chainlink Labs under the Chainlink SCALE program. The Chainlink SCALE program helps reduce operational costs for Chainlink oracle nodes.The goal of the strategic collaboration is to accelerate the growth and adoption of the StarkNet ecosystem by providing developers with secure, reliable, and cost-effective access to real-world data and off-chain computation through Chainlink’s decentralized oracle network.

Diego Oliva, CEO of the StarkNet Foundation, believes the integration will provide Starknet developers with highly secure, reliable, and accurate data.

“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,” Oliva stated.

Chainlink has recently teamed up with Sygnum and Fidelity International to bring Net Asset Value (NAV) data on-chain. The collaboration allows Sygnum to tokenize and provide on-chain access to the NAV data for Fidelity International’s $6.9 billion Institutional Liquidity Fund.