Matter Labs, a pioneering firm in engineering and cryptography focused on zkSync’s development, collaborates with Chainlink Labs, the main developer behind Chainlink, to join the Chainlink SCALE program. This move aims to boost the adoption of zkSync Era, the advanced zkEVM Ethereum layer-2 scaling solution. Furthermore, Chainlink’s renowned Price Feeds are now operational on zkSync Era, marking a significant stride in blockchain technology.
zkSync’s Integration into Chainlink SCALE
zkSync’s inclusion in the SCALE program is poised to escalate its ecosystem’s success. This initiative enhances access to top-tier oracle data and services for developers while also reducing the gas costs incurred by Chainlink nodes in oracle report submissions on zkSync Era. The synergy between zkSync and Chainlink is expected to uphold Web3’s decentralization ethos, simultaneously aiding Ethereum’s scaling and equipping ecosystem developers with an array of reliable, cost-effective oracle services for a prolonged duration.
The Impact of Chainlink Price Feeds on zkSync
Marco Cora, Senior Vice President of Business and Operations at Matter Labs, expressed excitement about zkSync’s integration with Chainlink SCALE. He emphasized the profound impact of Chainlink Price Feeds, combined with zkSync’s new prover, Boojum, and unique state differences design, in making zkSync an economical rollup for Oracle updates. This integration heralds a new wave of innovation and diverse use cases.
Chainlink SCALE’s Role in Accelerating Blockchain Growth
Chainlink SCALE is an innovative program aimed at sustainably fostering the expansion of blockchain and layer-2 ecosystems. Its core mission is to enhance these platforms’ access to high-quality, low-cost oracle services. The program covers operational costs, like transaction gas fees, for Chainlink oracle networks, allowing blockchain/L2 ecosystems to grow while gradually transitioning to being self-sustaining through dApp user fees.
zkSync’s Adoption of Chainlink Price Feeds
Johann Eid, Chief Business Officer at Chainlink Labs, lauded zkSync’s participation in the Chainlink SCALE program. He highlighted the potential for zkSync to provide projects with essential services for developing scalable, feature-rich, and secure applications, thanks to reduced operational costs for Chainlink oracle nodes.
Advancing DeFi on zkSync with Chainlink Price Feeds
Chainlink Price Feeds’ deployment on zkSync allows developers to craft advanced applications with the necessary reliability and security, attracting user funds and scaling with their TVL growth. This boosts zkSync’s DeFi ecosystem liquidity and network development.
The Future of Web3 with zkSync and Chainlink Collaboration
The native integration of Chainlink Price Feeds into zkSync leverages zkSync’s advanced zk-rollup technology on Ethereum. This partnership is set to enable high-throughput DeFi protocols with robust security, steering towards widespread adoption of Web3 technologies.
