Chainlink Completes Integration With Coinbase’s Layer 2 Network Base

Chainlink has expanded its integrations to a total of 12 by tapping the Coinbase-incubated layer-2 network Base. According to a recent update, Base joins the likes of Ethereum, Arbitrum, Avalanche, BNB Chain, and Polygon, among other projects.

The decentralized oracle network had first announced implementing its price feeds into Base a day before the latter’s mainnet launch.

• The integration essentially enabled developers building on the layer-2 blockchain to access Chainlink Data Feeds and other web3 services.
• In a statement, Jesse Pollak, Creator of Base and Head of Protocols at Coinbase, previously said,

“Chainlink Price Feeds are one of the leading price data solutions for developers when it comes to security, reliability, and usability.”

• The exec further highlighted that the native integration of Chainlink Price Feeds into Base will allow developers with the tools they need to port existing applications over to the blockchain and enable them to experiment with novel use cases that can be built on Base’s “hyper-scalable layer-2 environment.”
• While Base has been operational for developer testing for a few months, it wasn’t until August 9th that the network was launched for the public.
• Since hitting mainnet, Base has received an overall positive reception so far in terms of user engagement. The total value bridged to Base also exceeded $212 million.
• Meanwhile, the total value locked in the blockchain surged to $205 million. This feat was achieved in less than a week since the mainnet launch.