LINK Price Jumps Nearly 4% as Chainlink’s Price Feed Becomes Available on Coinbase’s Testnet Foundation

Price feeds from blockchain data provider Chainlink are now available on testnet Base, a layer 2 ethereum incubated by cryptocurrency exchange Coinbase that allows developers to access external data for contracts. DeFi-enabled intelligence can be executed based on retrieved information.

Base will also participate in Chainlink’s Scale program, which includes “certain operating costs of Chainlink services.” The program launched in September to reduce costs for developers before staking LINK in December. The price of LINK has increased by about 25% this year.

Source: TradingView

Base launched in February and is considered a safe, low-cost platform for developers to build dapps, although it was initially criticized by users on Twitter. Chainlink is an oracle provider that connects blockchains with external data sources.

“By reducing the cost of operating oracle nodes, Base will be able to accelerate the growth of the ecosystem and become an even more attractive environment for building secure and scalable Web3 applications,” said Niki Ariyasinghe, Director of Global Blockchain Partnerships at Chainlink Labs. stated in a report. statement on Friday.

  • At least 4 tokens were detected impersonating Coinbase’s Base
  • Coinbase Base Crashes Hours After Launch — What Happened?


According to Coindesk

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