Aptos Network incorporates Chainlink data feeds for verifiable data

Aptos Network has announced it has integrated its network with Chainlink data feeds to boost innovation and development of decentralized applications (dApps) on its network. The integration allows Aptos to leverage Chainlink’s data feeds for on-chain activities. 

Aptos has announced the integration of Chainlink’s technology into its network to provide a suitable environment for on-chain activities. The layer 1 blockchain platform highlighted through its blog that it intends to capitalize on Chainlink’s high-quality, tamper-proof data feeds to allow developers on the network to create secure applications.

Aptos Network integrates Chainlink data feeds for high-quality data provision

According to the blog, Chainlink Data Feeds will offer Aptos users several features, including high-quality data from its oracles. The oracles will manage API keys and account logins for Aptos developers, allowing them to deliver and integrate premium data from various verifiable sources.

The integration will allow Aptos developers to capitalize on Chainlink’s reliable nodes. A large collection of unconstrained security-reviewed secures Chainlink’s Data Feeds and Sybil-resistant oracle nodes operated by leading entities, data sources, and DevOps teams. 

Chainlink will also introduce a decentralized infrastructure in the Aptos ecosystem. The Data Feeds are decentrally operated and managed at various levels to eliminate any potential risk of centralized failures during the delivery of external data.

The decentralized infrastructure also introduces transparency on the network, allowing developers on the Aptos network to monitor the data feeds in real-time.

Users will monitor the data feeds while simultaneously using existing data analytic tools, such as market links. The incorporation of technology enables users to verify the data triggering their contract.

Thodoris Karakostas, the head of blockchain partnerships at Chainlink Labs, commented on the technology integration. Karakostas said Chainlink Data Feeds will improve the reliability of Aptos-built applications. The official also highlighted that the platform will monitor how developers capitalize on it.

“We are excited that Aptos has adopted the Chainlink standard. Chainlink Data Feeds will greatly enhance the reliability of applications built on the network, and we look forward to seeing the innovative ways developers leverage it.”

– Thodoris Karakostas

Head of Grants and Ecosystem at Aptos Foundation Bashar Lazaar also commented on the integration, stating that Chainlink’s data feeds will provide developers access to high-quality, tamper-proof data that is vital for building secure applications. Lazaar explained that the integration aligns with Aptos’ vision to develop a scalable and secure Web3 ecosystem.

Chainlink and Aptos have collaborated previously. In May 2024, Aptos integrated Chailink’s cross-chain interoperability protocol (CCIP) as part of the network’s participation in Chainlink’s SCALE program. 

Aptos incorporates Chainlink’s cross-chain interoperability protocol

Like the recently announced collaboration, the Cross Chain Interoperability Protocol integration aims to assist developers on the Aptos network in building reliable decentralized applications. The expansion was announced at a panel discussion at Consensus 2024 in Austin.

According to a press release released at the time, the collaboration made Aptos the first Move-based blockchain to incorporate Chainlink’s technology.

Aptos Network has grown significantly in the last few months. A Messari report published in December highlighted the network’s recent developments. According to Messari, Aptos broke through the $1 billion mark in Total Value Locked (TVL) recording a 19X increase year over year. 

The report also detailed that stablecoin adoption on Aptos unlocked a new milestone in 2024. The year saw USDT and USDC’s market capitalization on the network grow by 1300% and 380% year over year, respectively. 

The network’s DeFi activity on Aptos also flourished, climbing 28 times to $21.5 million in just twelve months. Amnis Finance and Aries Markets emerged as the top DeFi protocols on the Aptos Network. Chainlink also emerged in the spotlight due to its recent developments. 

Recently, Ripple integrated Chainlink’s technology to provide verifiable pricing data for its USD-denominated stablecoin, RLUSD, on the Ethereum blockchain. Chainlink Price Feeds are now operational on the Ethereum mainnet, enabling developers to incorporate RLUSD into various DeFi applications, including trading and lending platforms.

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Source: https://www.cryptopolitan.com/aptos-network-incorporates-chainlink/

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