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Benzinga
Benzinga
Business
Ryan McNamara

'It's Not a Niche Playground Anymore': Chainlink Price Data Feeds To Be Integrated With Metis

Chainlink blockchain Ethereum

What Happened: Chainlink (CRYPTO: LINK), an Ethereum-based application that brings off-chain data to blockchains, is now live on Metis Andromeda. Off-chain data refers to any real-world data not natively tracked on a blockchain (i.e. on-chain), including price feeds, supply chain tracking, and weather data. Chainlink’s price feeds allow developers on Metis to build feature-rich, secure, and decentralized applications without adding centralization risks of traditional data APIs.

Metis is a layer 2 scaling solution for Ethereum that allows users to interact with DeFi protocols for low transaction costs and quick transaction finality. Chainlink’s price feeds ensure these protocols’ smart contracts receive up-to-date and accurate information at all times, allowing for a more secure and streamlined user experience.

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