Monad partners with Chainlink for oracle services ahead of mainnet launch 7 seconds ago

cryptonews
23 Apr

Monad has partnered with Chainlink to integrate its oracle services as its mainnet launch looms.

Monad, an EVM-compatible Layer 1 blockhain, has announced a partnership with a leading decentralized oracle provider Chainlink (LINK). When the mainnet launches, developers on Monad will have immediate access to Chainlink’s full suite of Web3 services, including Data Feeds, Data Streams, and the Cross-Chain Interoperability Protocol.

Thanks to Chainlink’s Data Feeds and Data Streams integrations, Monad developers will be able access accurate, tamper-proof market data—such as asset prices and exchange rates—enabling them to build DeFi apps like lending platforms and DEXs. Chainlink’s CCIP will enable secure, programmable cross-chain token transfers, laying the foundation for building interoperable dAapps.

The development comes on the heels of another big announcement from the project, which confirmed that USD Coin (USDC) will be available on the Monad chain starting from day one of its mainnet launch.

Backed by $244 million in funding led by Dragonfly and Paradigm, Monad is an EVM-compatible L1 chain that supports over 10,000 transactions per second, fast block times, low fees, and quick finality, made possible by its parallel execution model.

On Feb. 19, the project launched its testnet alongside an ecosystem directory of 50+ apps, infrastructure providers, and integrations, giving users and developers a robust environment to explore, build, and test on from day one. Phantom, OKX, Uniswap Wallet, and Backpack users can connect instantly, while others can onboard manually via testnet.monad.xyz. A built-in faucet offers testnet MON tokens to for interactions with Monad dApps.

The mainnet launch is slated for the first quarter of 2025, but the exact date is yet to be announced.

You might also like: Circle to enable USDC on Monad mainnet on day 1

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10