<\/p>\n
Polygon developers will now be able to tap into Chainlink\u2019s live data points to power dApps, liquidity protocols, and decentralized exchanges.\n<\/p>\n
Chainlink<\/a>, a crypto oracle provider that\u2019s processed a total value of $9 trillion, has announced today its data feeds are live on Ethereum Layer 2 Polygon<\/a> zkEVM.<\/p>\n Bridging Chainlink and Polygon will now allow for DeFi<\/a> developers to pull external information from Chainlink\u2019s more than 900 oracles, plug it into their projects, and enable real-time data points to power decentralized exchanges, liquidity protocols, along with other DeFi applications.<\/p>\n \u201cChainlink oracles unlock a host of DeFi applications, bringing opportunity for new dApps that truly leverage the unique value propositions of a ZK rollup, including fast finality and robust security,\u201d said Marc Borion, CEO of Polygon Labs, in a press release shared with The Defiant.<\/em><\/p>\n LINK is up more than 5% today, while MATIC was flat, according to Coingecko.<\/p>\n Today\u2019s news further cements the place zkEVM\u2019s are taking in Ethereum\u2019s Layer 2 ecosystem.<\/p>\n Rollups work by bundling together transactions on Layer 2 networks and submitting them to the Ethereum<\/a> mainnet in batches for finalization, enabling faster and cheaper transactions. The most popular L2s are optimistic rollups, which offer high compatibility with the Ethereum Virtual Machine \u2014 Ethereum\u2019s core smart contracts engine \u2014 but require a seven-day delay in withdrawals for fraud detection.<\/p>\n By contrast, rollups secured by zero-knowledge proofs<\/a> typically offer greater privacy and faster finalization at the expense of EVM compatibility, meaning developers cannot port their code from mainnet as easily.<\/p>\n Chainlink and Polygon have been on a tear in 2023, both projects making strides both within the DeFi ecosystem and traditional finance.<\/p>\n In June, Chainlink announced CCIP<\/a>, a cross-chain interoperability protocol that would integrate with Swift network. Polygon\u2019s zkEVM, which went live in March this year, has announced gaming partnerships<\/a> with Immutable and other projects.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Polygon developers will now be able to tap into Chainlink\u2019s live data points to power dApps, liquidity protocols, and decentralized exchanges. Chainlink, a crypto oracle provider that\u2019s processed a total value of $9 trillion, has announced today its data feeds are live on Ethereum Layer 2 Polygon zkEVM. Bridging Chainlink and Polygon will now allow […]<\/p>\n","protected":false},"author":2,"featured_media":0,"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-212880","post","type-post","status-publish","format-standard","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\/212880","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=212880"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/212880\/revisions"}],"predecessor-version":[{"id":212881,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/212880\/revisions\/212881"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=212880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=212880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=212880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}