Chainlink Launches Secure Data Feeds on Starknet Mainnet, Boosting DeFi Development Capabilities

Data Feeds are now available on Starknet, extending 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, joined Chainlink’s SCALE program, an accelerator for blockchains and layer-2 protocols.

Decentralised Oracle network Chainlink (LINK) has partnered with StarkWare, the Israeli software company behind the layer-2 platform Starknet, to launch Chainlink’s Data Feeds on the Starknet mainnet.

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

Per a Thursday press release, Chainlink’s Data Feeds are now live on the Starknet, allowing layer-2’s to scale their DeFI capabilities. It also comes as a handy feature for developers creating highly scalable decentralised applications (dApps), as they will be able to access real-time off-chain and on-chain data across several blockchain ecosystems.

We’re pleased to support the Starknet ecosystem with the native integration of Chainlink Data Feeds, enabling developers to build highly secure and scalable DeFi applications.

Johann Eid, Chief Business Officer Chainlink Labs

Starknet Joins Chainlink’s SCALE Program

As part of the partnership, StarkWare has joined Chainlink’s SCALE program to enhance its layer-2 blockchain’s scalability and efficiency. This provides reliable access to Chainlink’s data feeds, aiming to accelerate dApp development and improve Starknet’s overall performance.

SCALE is an accelerator for blockchain ecosystems that allows developers to access 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 host of advanced DeFi use cases and drive the adoption of the Starknet ecosystem.

Diego Oliva, CEO Starknet Foundation.

As mentioned, Starknet is a layer-2 protocol that uses Zero-knowledge (ZK) rollup 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).

Data from L2Beat shows Starknet’s TVL at US$676M (AU$998.9M), down over 60% from its peak of US$1.7B (AU$2.51B) recorded in February of this year.