KEY TAKEAWAYS
- Mantle Network joins Chainlink Scale to integrate secure and decentralized Chainlink Data Feeds into its ecosystem.
- This collaboration aims to enhance DeFi applications on Mantle by providing developers with reliable, low-cost Chainlink services.
- Chainlink’s robust infrastructure supports over $18 trillion in on-chain transaction volume, promising new capabilities for Mantle’s DeFi market.
- The partnership leverages zero-knowledge proofs to enhance security and privacy, benefiting the broader industry.
Mantle Network has officially joined Chainlink Scale, a move aimed at integrating highly secure, reliable, and decentralized Chainlink Data Feeds and Data Streams into the Mantle Ecosystem. This collaboration is designed to support long-term ecosystem growth by providing developers with seamless access to low-cost, reliable Chainlink services. As part of the initiative, Mantle will cover certain operational costs of Chainlink oracle nodes, facilitating the delivery of high-quality Data Feeds and other essential oracle services across the Mantle Network. The announcement was made here.
Chainlink is renowned for its robust security and high availability, even during unexpected events. Its Price Feeds source data from numerous premium data aggregators, providing price data aggregated from hundreds of exchanges. This data is weighted by liquidity depth and cleaned from outliers and suspicious volumes, ensuring precise global market prices resistant to API downtime and data manipulation attacks.
Enhancing DeFi with Chainlink Data Feeds
Chainlink Price Feeds are secured by independent, security-reviewed oracle nodes operated by leading blockchain DevOps teams and traditional enterprises. This decentralized infrastructure eliminates any central point of failure in the sourcing and delivery of external data to Mantle. Transparency is maintained through robust, publicly available reputation frameworks and on-chain monitoring tools, allowing users to verify the historical performance of node operators and oracle networks.
With the integration of Chainlink Data Streams, Mantle Network aims to support a more efficient and secure DeFi ecosystem. Developers can now leverage decentralized, on-demand price updates to power more reliable and transparent DeFi applications. Key benefits include sub-second price latency, high data accuracy, and liquidity-weighted bid-ask spreads, all contributing to a more accurate reflection of market liquidity.
A Shared Vision for Scalable DeFi
Brian, Chief Growth Officer at Mantle Network, expressed enthusiasm for the partnership, noting that adopting the Chainlink standard for verifiable data will bring highly accurate and reliable price information to Mantle Network. Johann Eid, Chief Business Officer at Chainlink Labs, highlighted that Mantle’s use of zero-knowledge proofs enhances both security and privacy for the network, benefiting the industry as a whole.
Chainlink’s infrastructure, which has been operating in production for years, supports over $18 trillion in on-chain transaction volume for leading DeFi applications. This partnership is expected to unlock new DeFi market capabilities for the Mantle ecosystem, supporting a more sustainable, creative, and secure industry.
Why This Matters: Impact, Industry Trends & Expert Insights
Mantle Network’s integration with Chainlink Scale aims to enhance the DeFi ecosystem by providing developers with reliable and low-cost access to Chainlink’s decentralized oracle services.
According to a recent analysis, Chainlink’s oracles are increasingly essential for tokenizing real-world assets, a growing trend in blockchain technology. This integration with Mantle Network underscores the importance of secure and reliable data feeds in expanding DeFi applications. This aligns with Mantle’s initiative to support a more efficient and secure DeFi ecosystem.
Insights from Crypto Briefing highlight the significance of Mantle Network’s adoption of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enhance cross-chain capabilities. This supports the development of sophisticated decentralized applications across multiple blockchains. This supports the anticipated growth and innovation within the Mantle ecosystem, as emphasized by the partnership.
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