Chainlink Labs announced on Twitter its expansion to the Solana Labs Mainnet. Live price feeds are now available for decentralized apps providing high quality up to date market data. Chainlink’s launch on Solana, makes it the first non-Ethereum Virtual Machine (EVM) chain supported by the network. It will offer seven price feeds for the Solana DeFi ecosystem.
Chainlink Labs turns smart contracts into hybrid smart contracts, giving them access to real-world data and services. Solana is a high-throughput blockchain. Individuals can use Chainlink data feeds on the Solana network to connect their smart contracts to the real-world market prices of assets.
Developers who build decentralized finance (DeFi) applications on the Solana Mainnet will now be able to incorporate seven of Chainlink’s price feeds into their products. Popular DeFi projects such as Aave, Compound and dYdX already use Chainlink’s data services.
Chirag Dhull, head of product marketing at Chainlink Labs, stated: “the high throughput architecture of Solana will help the price feeds obtain data at greater speeds and lower costs.”
