Umbrella Network Went Live On Avalanche Chain
Umbrella Network is excited to announce the launch of its mainnet on Avalanche. This brings the total number of Umbrella mainnet launches to 4 biggest chains such as Binance Smart Chain, Ethereum, Polygon, and now, Avalanche.
TL;DR
- Umbrella Network’s decentralized oracles are now live on Avalanche’s mainnet
- Avalanche dApps can now directly procure faster, cheaper, more secure, and more diverse data points directly into their smart contracts
- Owing to its high EVM-compatibility and fast growing ecosystem, the Avalanche mainnet launch was moved up six months to November
- With over 1800+ data pairs available freely for all Avalanche dApps, Umbrella Network has cemented its position as the data oracle with the most data pairs, highest transaction volume, and now, widest coverage across Blockchains.
The rising GAS fees on Ethereum and the concerns around delayed proof of finality on Ethereum’s popular Layer-2s such as Arbitrum have sent several talented developers and their innovative DeFi dApps towards Avalanche. This is why Umbrella Network chose to advance the Avalanche Mainnet launch by 6 months and support the Avalanche dApp developers from making costly mistakes.
“We have seen a lot of momentum on Avalanche over the past few months. Umbrella Network is uniquely positioned to provide the data the ecosystem needs at a much higher scale and reduced price point compared to other oracles currently operating within the network. It is also well-positioned to support many of the dApps looking for more custom or sophisticated data solutions outside of the more commonly available data feeds.”— Sam Kim, Founding partner at Umbrella Network
Umbrella Network is moving closer and closer to widespread adoption as the number of cross-chain integrations steadily increases. Blockchain communities are introduced to new and exciting ways to use their favorite cryptocurrencies like never before.
ABOUT Umbrella Network
Umbrella Network is a scalable, cost-efficient, and community-owned oracle for the DeFi and blockchain community. Its Layer 2 technology uses the latest advances in Merkle tree technology to write multiple data points on a single on-chain transaction, so it allows for batching data to smart contracts accurately, securely, and cost-effectively.
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ABOUT Avalanche
Avalanche is an open, programmable smart contracts platform for decentralized applications.
RESOURCES
Medium
