API3 partners with LightLink

Published on: 29.05.2024
API3 partners with LightLink

API3 partners with LightLink. The API3’s Oracle Stack is now available on Lightlink, providing developers with access to decentralized data feeds (dAPIs), on-chain QRNG for truly random numbers, and the upcoming OEV Network, which aims to recapture protocol MEV resulting from Oracle updates.

Developers on Lightlink can now access decentralized data feeds powered by first-party oracle nodes, which are operated directly by the data providers.

The launch of the OEV Network will provide protocols using API3’s decentralized data feeds on Lightlink with a fully integrated solution for recapturing MEV. Instead of losing value to searchers and block builders, the proceeds from Oracle update auctions are automatically returned to the originating dApp. This results in improved execution for users and enhanced performance for dApps.

What is LightLink

Lightlink is an Ethereum Layer 2 network that enables dApps and enterprises to provide users with instant, gasless transactions. It is the first L2 to leverage Optimum architecture with a proprietary stack that separates the consensus, execution, and data availability layers. This architecture allows Lightlink to achieve over 10,000 transactions per second at a cost of less than $0.01, without experiencing gas spikes.

Lightlink bridges decentralized applications to millions through enterprise partnerships, fostering a connected digital economy. Its Enterprise Mode uses a fixed-fee subscription model to eliminate gas fees, enabling high-speed, gasless transactions directly from MetaMask wallets. This design is ideal for developing new DeFi, SocialFi, and GameFi applications, creating an accessible onchain economy.

Developers Benefit

LightLink’s EVM-equivalent chain on Celestia lets developers use familiar tools like Solidity and Hardhat to easily migrate and scale dApps without code rewrites. Aiming to onboard millions into the digital economy via user-focused dApps and enterprise partnerships, LightLink simplifies blockchain technology, making it as intuitive as Web2.

Developers looking to utilize dAPIs on Lightlink can visit the API3 Market. The API3 Market provides an easy way to browse, access, and manage a wide variety of data feeds. It also includes crypto, forex, equities, and commodities. With the launch of OEV Network, developers will simply be able to read any data feed, enable OEV Network, and start earning.

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