{"id":211383,"date":"2023-12-13T01:03:10","date_gmt":"2023-12-12T19:33:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=211383"},"modified":"2023-12-13T01:03:10","modified_gmt":"2023-12-12T19:33:10","slug":"zksync-era-integrates-chainlink-price-feeds-to-boost-layer-2-capabilities-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/zksync-era-integrates-chainlink-price-feeds-to-boost-layer-2-capabilities-crypto-news\/","title":{"rendered":"zkSync Era integrates Chainlink price feeds to boost layer-2 capabilities – Crypto News"},"content":{"rendered":"
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Chainlink\u2019s<\/a> price feeds are now live on Matter Labs<\/a>\u2018-backed layer2 network zkSync\u2019s<\/a> Era following the addition of the platform to the Oracle blockchain\u2019s Sustainable Chainlink Access for Layer 1 and 2 Enablement (SCALE), according to a Dec. 12 statement shared with CryptoSlate<\/em>.<\/p>\n

Chainlink\u2019s price feed<\/a> is an essential blockchain tool that connects smart contracts and real-world data, like asset prices. The Oracle network ensures reliable data delivery by gathering information from various sources through a decentralized network of independent node operators.<\/p>\n

Several DeFi applications, including lending and borrowing protocols, rely on this price feed to ensure smooth operations of their services.<\/p>\n

So, zkSync\u2019s integration into SCALE will provide developers within the layer2 network\u2019s ecosystem with enhanced access to top-notch Oracle data. This will ultimately help to reduce the gas fees Chainlink nodes incur when submitting Oracle reports for Data Feeds on zkSync Era.<\/p>\n

Matter Labs\u2019 Senior VP, Marco Cora, emphasized the critical role of Chainlink Price Feeds, considering them crucial infrastructure beneficial to users and developers alike.<\/p>\n

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\u201cChainlink Price Feeds is a critical and industry-standard infrastructure that has wide reaching benefits for developers and users alike. Combined with our new prover, Boojum, and with our unique design around state differences, it will make zkSync the cheapest rollup for Oracle updates. This will open up a new design space to pave the way for new innovation and use cases,\u201d Cora added.<\/p>\n<\/blockquote>\n

Similarly, Johann Eid, Chainlink Labs\u2019 Chief Business Officer, highlighted how this integration decreases operating costs for Chainlink nodes, enabling zkSync to offer necessary services for building highly secure and scalable applications.<\/p>\n

zkSync Era is one of the most popular Ethereum layer2 scaling solutions, with more than $500 million worth of digital assets locked on the network, according to data<\/a> from L2beat.<\/p>\n

Chainlink v0.2 staking reaches full capacity<\/h2>\n

In a Dec. 8 post<\/a> on social media platform X, Chainlink stated that over 19 million additional LINK tokens were staked in under 7 hours after it opened its early access.<\/p>\n

The Oracle network opened the staking platform to the general public on Dec. 11. However, data<\/a> from the site shows that the pool remains filled as no existing staker has withdrawn their assets.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Chainlink\u2019s price feeds are now live on Matter Labs\u2018-backed layer2 network zkSync\u2019s Era following the addition of the platform to the Oracle blockchain\u2019s Sustainable Chainlink Access for Layer 1 and 2 Enablement (SCALE), according to a Dec. 12 statement shared with CryptoSlate. Chainlink\u2019s price feed is an essential blockchain tool that connects smart contracts and […]<\/p>\n","protected":false},"author":2,"featured_media":211384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-211383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/211383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=211383"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/211383\/revisions"}],"predecessor-version":[{"id":211390,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/211383\/revisions\/211390"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/211384"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=211383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=211383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=211383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}