Chainlink Data Streams Powers Taiko as Official Oracle

Chainlink Data Streams Launches on Taiko

Chainlink Data Streams is now live on Taiko, serving as the network’s official oracle infrastructure. This integration supports the growing decentralized finance (DeFi) ecosystem on Taiko.

Key Takeaways:

• Official Oracle: Chainlink Data Streams is the official oracle for the Taiko network.
• Based Rollup: Taiko Alethia operates as a based rollup, utilizing Ethereum Layer 1 validators for sequencing and ensuring censorship-resistance.

Taiko Alethia uses a based rollup approach, leveraging Ethereum Layer 1 validators for sequencing to maintain decentralization and censorship resistance. The integration of Chainlink’s oracle services is set to provide reliable data feeds essential for DeFi applications within the Taiko network. Real-time market data and price feeds, critical for trading, lending, and other financial services, will now be available to DeFi protocols built on Taiko.

This deployment expands Chainlink’s presence across various blockchain networks, enhancing data integrity for DeFi protocols. Codeum offers security audits to ensure the reliability of data feeds, which is crucial for DeFi platforms relying on oracles.