Chainlink Launches Secure Data Streams on Starknet Mainnet, Strengthening DeFi Development Capabilities

• Data feeds are now available on Starknet, expanding the protocol’s DeFi capabilities to new heights.
• Integrating data feeds will help developers accelerate the creation of dApps on the Starknet ecosystem.
• Starknet’s founding company, StarkWare, has joined Chainlink’s SCALE program, an accelerator for blockchains and layer 2 protocols.

Decentralized oracle network Chainlink (LINK) has partnered with StarkWare, the Israeli software company behind the Starknet layer-2 platform, to launch Chainlink data feeds on the Starknet mainnet.

Related: Chainlink Scientist Says Smart Contracts Are Key to Unlocking Blockchain’s Full Potential, But Is AI the Way Forward?

On a Thursday Press releaseChainlink’s data feeds are now live on Starknet, enabling Layer 2s to scale their DeFI capabilities. This is also a convenient feature for developers building highly scalable decentralized applications (dApps), as they will be able to access on-chain and off-chain data in real-time across multiple blockchain ecosystems.

We are pleased to support the Starknet ecosystem with native integration of Chainlink data feeds, enabling developers to build highly secure and scalable DeFi applications.

Johann Eid, Chief Commercial Officer of Chainlink Labs

Starknet Joins Chainlink’s SCALE Program

As part of this partnership, StarkWare has joined Chainlink’s SCALE program to improve the scalability and efficiency of its Layer 2 blockchain. This enables reliable access to Chainlink’s data feeds, with the goal of accelerating dApp development and improving Starknet’s overall performance.

SCALE is a blockchain ecosystem accelerator that provides developers with access to Chainlink’s Oracle services and a wide variety of tools to write and develop smart contracts in their respective networks.

Providing Starknet developers with highly secure, reliable and accurate data will unlock a multitude of advanced DeFi use cases and drive adoption of the Starknet ecosystem.

Diego Oliva, CEO of the Starknet Foundation.

As mentioned earlier, Starknet is a Layer 2 protocol that uses Zero Knowledge (ZK) stacking to alleviate workload congestion in the Ethereum network. This integration with Chainlink highlights Starknet’s commitments to its developer community despite a notable decrease in Total Value Locked (TVL).

L2Beat Data watch Starknet’s TVL stands at US$676 million (AU$998.9 million), down more than 60% from its peak of US$1.7 billion (AU$2.51 billion) recorded in February this year.

Source: L2Beat

Related: Starknet’s TVL soars nearly 200% despite lackluster price action

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