In August, the Chainlink ecosystem continued its upward trajectory with 76 new integrations. September eclipsed this momentous growth with 84 new integrations, including Cardano’s strategic collaboration to integrate Chainlink’s oracles and a Chainlink Proof of Reserve data feed for Wrapped Filecoin on Gemini.
Cardano’s announcement came during the Cardano Summit 2021. A few weeks after Alonzo enabled smart contract development on the Cardano network, InputOutput (IOHK), the technology company building Cardano’s open-source blockchain, said Chainlink’s leading decentralized oracle network will be Cardano’s preferred oracle solution.
In an official statement, IOHK Founder Charles Hoskinson said, “Not only will integrating Chainlink price feeds reduce the go-to-market time for Cardano developers, but it will establish a secure foundation for Cardano’s DeFi ecosystem, helping make Cardano more trusted by users around the world.”
During the summit, Chainlink Labs’ Head of Blockchain Partnerships, Niki Ariyasinghe, virtually joined IOHK’s Marketing and Communications Director, Tim Harrison, to discuss the upcoming integration’s two-stage process and how Chainlink’s Cross-Chain Interoperability Protocol (CCIP) creates additional opportunities to collaborate with Cardano in building a multi-chain world.
Decentralized storage network (DSN) Filecoin and Chainlink’s oracles are poised to revolutionize the preservation of important information as digital commons and proliferate dynamic NFTs and user-owned economies. Now, Gemini is using Chainlink Proof of Reserve (PoR) to ensure the 1-to-1 collateralization of its Wrapped Filecoin (EFIL) with Filecoin’s native token, FIL, building a secure bridge between DSN and DeFi.
In an official statement, Gemini CEO Tyler Winklevoss said, “As we continue to build bridges to DeFi, Chainlink offers a proven oracle infrastructure for helping us realize our vision of building a secure and transparent ecosystem.”
Other notable September integrations include decentralized rebalancing protocol Idle Finance, which is automating yield optimization with Chainlink oracles; decentralized asset management protocol dHEDGE, which is democratizing asset management with Chainlink Price Feeds; and Linear Finance, which integrated Chainlink Price Feeds to boost security for its growing TVL.
The annual Chainlink Fall Hackathon is right around the corner. The five-week event will take place October 22 through November 28, 2021 and will offer two event tracks – a “Main Track” for experienced developers and a new “Welcome Track” for smart contract beginners. Participants will compete for $300,000 in prizes across dozens of categories and winners will have the opportunity to pitch their submissions in front of top VCs.
Chainlink Labs’ Patrick Collins told Chainlink Today that he’s looking forward to an impressive set of DeFi and NFT projects using Chainlink’s data oracles and decentralized services, including Chainlink Keepers, which Collins expects to “unlock a new world of decentralized applications.”
“I’m expecting every feature Chainlink offers will get used in many projects,” he said. “Engineers’ creativity never ceases to amaze me, and I’m sure we will, again, see projects and ideas we’ve never thought of.”
Learn more about how you can participate in the Chainlink Fall 2021 Hackathon here.
Check out the entire Chainlink ecosystem and make way for a groundbreaking October.