Chainlink has announced the integration of its Data Feeds on Starknet's mainnet. This collaboration aims to accelerate the development and adoption of decentralized finance (DeFi) applications on Starknet through the Chainlink SCALE program.

Chainlink Data Feeds are now available to Starknet developers, providing them with a secure and scalable data solution for building DeFi applications, according to a press release shared with BSCN.

Johann Eid, Chief Business Officer at Chainlink Labs, expressed excitement about the integration, stating:

"We’re pleased to support the Starknet ecosystem with the native integration of Chainlink Data Feeds, enabling developers to build highly secure and scalable DeFi applications."

Chainlink SCALE Program Enhances Access

The Starknet Foundation covers certain operating costs for Chainlink oracle nodes, allowing developers to access low-cost Chainlink Data Feeds. This initiative reportedly creates a data-rich, low-cost environment, enabling developers to build highly performant, complex, and secure smart contract applications.

The addition of Chainlink Data Feeds is expected to accelerate the growth of the Starknet ecosystem and scale DeFi on Ethereum without compromising composability or security. 

As per reports, Chainlink Data Feeds have enabled over $12 trillion in transaction value since the beginning of 2022 and have delivered over 12 billion data points securely on-chain.

Recent Chainlink Partnerships and Integrations

Chainlink has been actively forging partnerships to enhance its offerings. On July 3, Chainlink announced a partnership with Sygnum, a digital asset bank, and Fidelity, a prominent investment management firm, to bring Net Asset Value (NAV) data on-chain. 

This collaboration aims to provide transparency and accessibility around key asset data for Sygnum’s recently issued on-chain representation of Fidelity International’s $6.9 billion Institutional Liquidity Fund.

Additionally, on June 27, Chainlink, Avalanche, and GMX announced the launch of Chainlink Data Streams on the Avalanche mainnet. This integration introduces advanced capabilities to the Avalanche ecosystem, leveraging low-latency market data and automated execution, enhancing the speed, throughput, and user experience of DeFi products on Avalanche.

Chainlink's recent collaborations also include enabling RD Technologies to launch the Hong Kong dollar stablecoin (HKDR) with cross-chain interoperability via Chainlink's protocol. This integration aims to enhance the accessibility and transparency of HKDR across blockchain platforms.