zkSync Joins SCALE And Integrates Chainlink Price Feeds: A Milestone in DeFi Evolution

Chainlink’s industry-leading price feeds are now live on zkSync Era, according to a press release shared with BSC News. 

This integration follows zkSync Era's inclusion in the Oracle blockchain’s Sustainable Chainlink Access for Layer 1 and 2 Enablement (SCALE) program.

The Chainlink SCALE program is designed to accelerate the growth of blockchain and layer-2 ecosystems. Developers reportedly gain enriched access to Chainlink’s web3 services, fostering an environment for innovation and expansion within the decentralized landscape.

SCALE's overall objective is to establish a sustainable economic model within networks. In this model, decentralized applications (dApps) generate ample revenue from user fees to cover the backend costs of Oracle services. 

With more blockchain networks scaling through Chainlink's oracles, Chainlink's crypto-economic security reportedly improves.

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Building Real-World Use Cases

Matter Labs emphasizes that integrating Chainlink’s industry-standard price oracles, which have facilitated over $9 trillion in onchain transaction value, positions zkSync as the go-to platform for building real-world use cases that extend the reach of DeFi applications.

“We’re thrilled to see zkSync become a part of Chainlink SCALE and to help drive its long-term network growth and sustainability,” said Marco Cora, Senior Vice President of Business and Operations at Matter Labs.  

With over $500 million of digital assets locked on the network, zkSync Era has established itself as one of the most popular Ethereum layer-2 scaling solutions. 

On the contrary, Chainlink's recent announcement on social media platform X on Dec. 8 revealed that over 19 million additional LINK tokens were staked in under 7 hours after opening early access to Chainlink staking.