AVA Labs Network to Integrate ChainLink (LINK) Price and Data Oracles

via AVA Labs / YouTube

AVA Labs, an upcoming open-source platform for launching interoperable and scalable blockchains, announced this week that it will be integrating price and data oracles from ChainLink (LINK).

According to the recent announcement, ChainLink’s more than 30 DeFi price feeds for a range of asset classes, including cryptocurrencies, fiat currencies, commodities, indices, and more will be available on AVA.

“By bringing Chainlink’s oracles into the network, AVA’s contract chain‚Äďa highly-scalable implementation of the Ethereum Virtual Machine‚Äďwill be at parity with almost all of the key Ethereum tooling that has fueled DeFi‚Äôs growth to-date, including MetaMask, Web3.js, Remix, Truffle Suite, and Embark Platform,” states AVA Labs in the announcement. “Web3 developers will be able to seamlessly leverage price data within their decentralized applications in real-time.”

AVA is gearing up to launch in the coming months and is currently running the Denali Incentivized Testnet, the final phase of testing before AVA’s mainnet launch. Since launching the testnet last week, more than 500 participants have joined as validators.

AVA comparison to other blockchain networks (AVA Labs)

AVA is positioning itself as a scalable alternative to other popular blockchain networks, enabling developers to easily adopt the network to build customizable applications across finance sectors.

Disclaimer: This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts