Chainlink Price Feeds now live on Solana

Chainlink Price Feeds now live on Solana

The first non-EVM chain supported by Chainlink will offer seven price feeds for the Solana DeFi ecosystem.

Chainlink is expanding to Solana.

The blockchain oracle network announced Friday that developers building decentralized financial applications (DeFi) on the Solana mainnet can now 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. However, Chainlink's launch on Solana makes it the first non-Ethereum virtual machine (EVM) chain to be supported by the network.

Head of product marketing Chirag Dhull told CoinDesk that Solana's "high-throughput architecture" will help price feeds receive data at "high speed and low cost."

Chainlink's services have brought 2.6 billion data points to blockchain applications, Dhull said. In February, Bank of America attributed DeFi's growth in total blocked value (TVL) to Chainlink's services accelerating mass adoption.

Solana-based projects such as Francium, Tulip and Apricot Finance have committed to integrating Chainlink's price feeds. After the initial rollout on Solana, Chainlink plans to offer more price feeds and additional services to developers. Later, the company will introduce the Cross-Chain Interoperability Protocol, which will allow developers building on Solana to execute smart contracts across chains.