Umbrella Network Officially Integrated Avalanche Mainnet
Umbrella Network Officially integrated Avalanche Mainnet, plus BSC, ETH, and Polygon.
Avalanche dApps can now obtain the quickest, most affordable, safest, and most various UMB information factors.
Thanks to its substantial compatibility with EVM and the swiftly rising ecosystem, the mainnet launch on Avalanche took location six months ahead of routine.
With over 1800 information pairs out there for free of charge for all Avalanche dApps, Umbrella Network has solidified its place as the oracle with the greatest variety of information pairs, the highest trading volume, and the widest coverage on the planet.
Why was UMB launched on Avalanche Mainnet earlier than anticipated?
The maximize in gasoline tariffs on Ethereum and considerations about the delay of consensus on the evidence of finalization on common layer-2s this kind of as Arbitrum has led some developers and DeFi dApps to search to Avalanche.
This signifies that Avalanche dApp developers have to make a challenging option:
- Get information from centralized feeds and run the danger of building the very same errors TradFi did: the tendency to centralize and significantly less dependable information sources.
- Accessing feeds from oracles is pricey, slow, and does not update quite generally.
This is why Umbrella Network has selected to deliver Avalanche Mainnet forward six months early and to avoid Avalanche dApp developers from building pricey errors.
Why Are Umbrella Network’s Decentralized Oracles Faster, Cheaper, and Cover-More Data Pairs?
Umbrella Network’s decentralized oracles are designed for scale and high throughput rates. Our Merkle Tree architecture enables us to process thousands of data points as a single transaction — saving massively on GAS fees.
The Merkle proofs are then written on the Blockchain so that the integrity of the data is preserved not just going into the Blockchain — but also far beyond when the data has already been sourced by the dApp smart contract.
Why is decentralized Oracle Umbrella Network a lot quicker, more cost-effective, much safer, and much more various?
Umbrella Network has produced decentralized oracles with substantial throughput and scalability. Umbrella’s Merkle Tree architecture enables 1000’s information factors to be processed as a single transaction, therefore conserving a good deal of gasoline taxes.
Merkle proof is then recorded on the blockchain to not only make sure information integrity but can also be effortlessly filtered by the dApp clever contract.
This also enables Umbrella to manage more substantial information set than most other decentralized approaches. Umbrella gives pricing information on just about every substantial cap to mid-cap crypto pair, solution pricing information, and can present any dataset that can be fetched or calculated.
Sam Kim, founding spouse of Umbrella Network, stated:
“Umbrella has noticed the possible of Avalanche in current months, Umbrella Network is uniquely positioned to provide substantial-scale information at a fraction of the value of the competitors. The venture has lots of positive aspects to help dApps in search of a much more complicated information answer. or custom-made past the normal information feeds.
What ideas will Umbrella Network have in the close to potential?
Umbrella is rising in acceptance as the variety of cross-chain integrations steadily increases. Umbrella ideas to co-distribute Arbitrum, Solana and Cardano on the blockchains. And the venture also aims to integrate much more than ten,000 information pairs by the finish of this December.
