Base Selects Chainlink As Their Oracle Data Supplier With Over 650,000 Users 

Key Points:

• Coinbase revealed that it has merged Base with Chainlink in order to inherit the above-mentioned safe off-chain pricing feed.
• The platform has also announced its involvement in Chainlink Scale, an ecosystem development incentive program that will be introduced by Oracle at the end of December 2022.

Base, Coinbase’s new Ethereum layer-2, has incorporated Chainlink to inherit the above-mentioned safe off-chain pricing feed.

Coinbase‘s newly launched Ethereum layer-2 platform has revealed that it will be working along with Chainlink to provide off-chain price data for its testnet, which was just just made available. The partnership that was just announced is particularly important for the layer-2 platform that Coinbase maintains. In addition, the platform made the announcement that it would be participating in Chainlink Scale, which is an incentive program for the creation of an ecosystem that will be launched by Oracle at the end of December 2022. As a consequence of this, when Chainlink nodes are sending oracle reports to Base, Base will partially subsidize the cost of Chainlink services on the network in order to keep gas prices as low as possible for Chainlink nodes.

“We are thrilled to connect with Chainlink and join the Chainlink SCALE program to empower developers with the crucial data and services they need to create their apps,” said Jesse Pollak, a spokesperson. The Oracle network at Chainlink is intended to assist smart contracts and apps in using data off-chain in a safe and decentralized manner. According to Dune Analytics, it is also the “dominant” oracle network in the market, with over 650,000 active users.

On February 23, the top 1 exchange at America officially disclosed a new product dubbed a Layer-2 solution for Ethereum, following a mystery revelation. This event not only piqued the interest of the community, but also of several important industrial groups. Several projects announced their collaboration with Base on the same day it was launched. Furthermore, the number of NFT mints that have multiplied the above astonishing milestone has steadily climbed.

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