Hassan Maishera
Chainlink announced via X on Wednesday that Unichain has joined Chainlink Scale and adopted the Chainlink data standard to accelerate DeFi ecosystem innovation and revenue.
Uniswap’s L2 network is now live with Chainlink Data Feeds and Smart Value Recapture (SVR), enabling the creation of advanced DeFi applications.
By adopting the Chainlink data standard, Unichain enables builders to create secure, advanced DeFi applications with Data Feeds and Smart Value Recapture (SVR) now live on mainnet. This expands upon Unichain's adoption of Chainlink Data Streams and the Cross-Chain Interoperability Protocol (CCIP) last year, now delivering the full stack of Chainlink data and interoperability services to its builder ecosystem.
By joining the Chainlink Scale program, Unichain is providing developers and institutions with access to low-cost, secure Chainlink services. As part of the program, Uniswap Foundation will cover certain costs associated with the integration, maintenance, and operating costs of the Chainlink oracle networks supplying data to the Unichain ecosystem. As a result, the Unichain network gains access to new data infrastructure, further enabling the development of composable DeFi apps.
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and a market leader powering the majority of decentralized finance (DeFi). Chainlink stands to benefit most from emerging blockchain industry trends, such as stablecoin adoption, real-world asset tokenization, and institutional adoption of blockchain technology.
Chainlink is powered by the LINK token, which is used to pay for platform services and secure the network’s proper functioning. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.
Chainlink is at the forefront of financial innovation and the global tokenization trend. Traditional financial institutions and infrastructure, such as SWIFT, DTCC, Euroclear, J.P. Morgan, Mastercard, the Central Bank of Brazil, UBS, SBI, Fidelity International, ANZ, and many others, are adopting Chainlink as a fundamental infrastructure as they move toward tokenizing trillions onchain. Demand for Chainlink has already generated hundreds of millions of dollars in revenue across a variety of traditional and decentralized use cases.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down 7.2% over the past 24 hours, trading at $9.08.
Uniswap is a decentralized exchange protocol built on Ethereum. To be more precise, it is an automated liquidity protocol. No order book or centralized party is required to make trades. UNI, the native token of Uniswap, is currently trading at $3.59, down 8.6% in the last 24 hours.
