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Chainlink has officially launched its Data Feeds and Proof of Reserve on the Hedera mainnet, enhancing the network's capabilities for DeFi developers by providing access to high-quality, tamper-proof data. This integration is expected to significantly boost Hedera's ecosystem, which has seen its total value locked (TVL) exceed $178 million, as it positions itself as a key player in real-world asset tokenization. Both Chainlink and Hedera are poised for growth, with market anticipation building around their respective tokens, LINK and HBAR.
Hedera has integrated Chainlink Data Feeds and Proof of Reserve, enhancing access to reliable, tamper-proof data for developers building decentralized finance (DeFi) applications and tokenized real-world assets. This collaboration allows for accurate off-chain data access, crucial for secure on-chain applications, while Chainlink's decentralized oracle network ensures data reliability even during network disruptions.Both Hedera's HBAR and Chainlink's LINK tokens have experienced significant growth, with LINK surging over 108% and HBAR rising 231% this month. Currently, LINK trades at $29.55, while HBAR is down 2% to $0.28, despite a notable increase in trading volume for both tokens.
Hedera has integrated Chainlink’s data products to enhance decentralized finance (DeFi) and tokenized real-world assets, enabling developers to access high-quality data and proof-of-reserve verification on its mainnet. This collaboration follows a partnership with the HBAR Foundation, aiming to support secure DeFi applications.In a related development, Ethena Labs launched USDtb, a stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund, with 90% of reserves allocated to the BUIDL fund. This stablecoin is designed to provide stability and serve as collateral for margin trading, complementing Ethena's existing token, USDe.
Hedera has integrated Chainlink's data feeds and Proof of Reserve, enhancing the security and transparency of decentralized finance (DeFi) and tokenized assets. This collaboration allows developers to access reliable offchain data, ensuring accurate market asset prices and real-time collateral verification, fostering trust and operational efficiency. The partnership also promotes interoperability and standardization within the blockchain ecosystem, positioning Hedera as a competitive platform for decentralized applications.
Hedera has integrated Chainlink’s decentralized data infrastructure to enhance its decentralized finance (DeFi) applications and support tokenized real-world assets (RWAs). This collaboration provides developers with reliable, tamper-proof market data essential for secure and scalable applications, while Chainlink Proof of Reserve ensures transparency and trust in asset collateralization. The integration coincides with a significant surge in Hedera's native token, HBAR, which has increased nearly 500% since November, partly due to the announcement of an HBAR exchange-traded fund (ETF).
Elaine Song
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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