Monad has partnered with Chainlink to combine its oracle providers as its mainnet launch looms.
Monad, an EVM-compatible Layer 1 blockhain, has introduced a partnership with a number one decentralized oracle supplier Chainlink (LINK). When the mainnet launches, builders on Monad may have quick entry to Chainlink’s full suite of Web3 providers, together with Knowledge Feeds, Knowledge Streams, and the Cross-Chain Interoperability Protocol.
Because of Chainlink’s Knowledge Feeds and Knowledge Streams integrations, Monad builders shall be in a position entry correct, tamper-proof market knowledge—similar to asset costs and trade charges—enabling them to construct DeFi apps like lending platforms and DEXs. Chainlink’s CCIP will allow safe, programmable cross-chain token transfers, laying the muse for constructing interoperable dAapps.
The event comes on the heels of one other massive announcement from the undertaking, which confirmed that USD Coin (USDC) shall be accessible on the Monad chain ranging from day one in every of its mainnet launch.
Backed by $244 million in funding led by Dragonfly and Paradigm, Monad is an EVM-compatible L1 chain that helps over 10,000 transactions per second, quick block instances, low charges, and fast finality, made potential by its parallel execution mannequin.
On Feb. 19, the undertaking launched its testnet alongside an ecosystem listing of fifty+ apps, infrastructure suppliers, and integrations, giving customers and builders a strong atmosphere to discover, construct, and check on from day one. Phantom, OKX, Uniswap Pockets, and Backpack customers can join immediately, whereas others can onboard manually by way of testnet.monad.xyz. A built-in faucet presents testnet MON tokens to for interactions with Monad dApps.
The mainnet launch is slated for the primary quarter of 2025, however the actual date is but to be introduced.
