Blockchain data provider Chainlink’s price feeds have become available on the Base testnet, the Ethereum layer 2 blockchain incubated by crypto exchange Coinbase, allowing developers to access external data so that the smart contracts that underpin decentralized finance (DeFi) can execute based upon the information retrieved.
“By reducing the operating costs of oracle nodes, Base will be able to bootstrap its ecosystem’s growth and become a more attractive environment for building secure and scalable Web3 apps,” Niki Ariyasinghe, Chainlink Labs’ global head of blockchain partnerships, said in a statement on Friday.
