Starknet is a validity-based layer-2 solution designed by StarkWare to scale DeFi on Ethereum while maintaining the highest standard of security and computational integrity. Last year, Starknet joined the Chainlink SCALE (Sustainable Chainlink Access for Layer 1 and 2 Enablement) program to accelerate its ecosystem’s growth through enhanced access to Chainlink’s industry-standard oracle services.
This week, Chainlink Data Feeds, web3’s decentralized data standard, went live on Starknet, giving developers the accurate, reliable, tamper-proof data needed to build highly scalable and secure DeFi applications on Starknet’s future-proof network founded on ZK-STARK technology.
As the industry-leading decentralized computing platform, Chainlink provides a comprehensive set of services that are critical for scaling onchain finance to billions of global users. Leveraging Chainlink’s time-tested oracle infrastructure, which has proven secure and reliable even during adverse and unexpected events such as flash loan attacks, Data Feeds have delivered over 12 billion data points and enabled over $12 trillion in transaction value onchain.
Starknet is stewarded by the Starknet Foundation, a nonprofit that oversees the ongoing development, growth, and adoption of the Starknet ecosystem. In an official announcement, Starknet Foundation CEO Diego Oliva underscored the role Chainlink plays in taking DeFi to the next level.
“We’re excited to integrate the industry standard Chainlink Data Feeds on Starknet,” he said. “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.”
“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,” said Johann Eid, Chief Business Officer at Chainlink Labs. “With hyper-reliable, accurate, and decentralized market data natively accessible onchain, developers can create next-gen applications on Starknet.”
To learn more about Starknet, visit their website, X, and Discord.