Chainlink, a leading decentralized oracle network and publisher of $LINK, has announced significant usage growth. Recently, several Chainlink services have been integrated by 10 different platforms. These integrations span a variety of chains and demonstrate the versatility and utility of Chainlink’s offerings in the blockchain space.
⬡ Chainlink Adoption Update ⬡
There were 10 integrations of 5 #Chainlink services in 8 different chains: @arbitrum, @avax, @base, @BNBCHAIN, @ethereum, @Optimism, @0xPolygon and @WemixNetwork.
New integrations include Base, @CryptexFinance, @DinariGlobal, @HypeSaintsNFT,… pic.twitter.com/vDDkJqKGNL
— Chainlink (@chainlink) April 21, 2024
Chainlink Services enable blockchain integration and innovation
The integrations include five key Chainlink services. These services include Chainlink CCIP (Cross-Chain Interoperability Protocol), Chainlink Mainnet Integration, Chainlink Price Feeds, Chainlink Low Latency Data Streams and Chainlink Cross-chain Limit Orders. These services play a crucial role in facilitating secure and reliable data transfer and interoperability within and between blockchain networks.
Projects built on eight different chains have used Chainlink’s services. These blockchains include Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon and WeMix. Among the 10 platforms that have integrated Chainlink services are Cryptex Finance, Dinari Global, Hype Saints NFT, Luchadores NFT, Stader Labs, Swell Network, Transporter, Vertex and Xena Finance.
Each platform uses Chainlink services tailored to their specific needs. For example, Xena Finance has integrated Chainlink’s cross-chain limit orders feature, improving trading capabilities. Vertex Protocol integrated Chainlink’s low-latency data streams to efficiently access real-time data. Cryptex integrated Chainlink’s price feeds, ensuring accurate and reliable price information for its users. Meanwhile, Hype Saints NFT leveraged Chainlink’s mainnet services, and the remaining projects all integrated Chainlink CCIP to enable seamless cross-chain communications.
3 major Chainlink integrations in April 2024
First, Stader Chainlink integrated CCIP for cross-chain liquid staking. This milestone enabled secure token transactions and ETHx transfers via Ethereum and Arbitrum. The second most important integration is from Swell. Swell partnered with Chainlink to increase DeFi transparency with its CCIP. Chainlink’s Proof of Reserve on Ethereum will enhance Swell’s liquid staking ecosystem, giving users real-time visibility into rswETH reserves. The third most important integration is with Vertex. Vertex DEX integrated Chainlink Data Streams for lightning-fast trading. This increased their reliability and security and ensured accurate pricing data and fair market practices.
These integrations underscore Chainlink’s commitment to advancing blockchain interoperability and providing essential infrastructure for decentralized applications across ecosystems. As Chainlink continues to expand its network of partners and services, it strengthens its position as a fundamental building block for the decentralized future.
