Chainlink’s price feeds are now live on Matter Labs‘-backed layer2 network zkSync’s Era following the addition of the platform to the Oracle blockchain’s Sustainable Chainlink Access for Layer 1 and 2 Enablement (SCALE), according to a Dec. 12 statement shared with CryptoSlate.
Chainlink’s price feed 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.
Several DeFi applications, including lending and borrowing protocols, rely on this price feed to ensure smooth operations of their services.
So, zkSync’s integration into SCALE will provide developers within the layer2 network’s 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.
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