Taiko Integrates Chainlink Data Streams as Official L2 Oracle

Taiko Integrates Chainlink Data Streams

Taiko, a Layer 2 rollup on Ethereum, has incorporated Chainlink's Data Streams.
This integration appoints Chainlink as the official oracle infrastructure for Taiko, enhancing access to high-speed and reliable market data.
The move aims to support developers in creating advanced DeFi applications that require secure and tamper-proof data.
Taiko's "based rollup" model uses Ethereum validators for transaction sequencing, ensuring strong decentralization.

Impact on DeFi and Institutional Investments

Oracles are crucial in blockchain, providing off-chain information to on-chain smart contracts, vital for real-time price feeds in DeFi protocols.
Taiko's integration with Chainlink aligns with its strategy to attract institutional investors and develop real-world applications.
This partnership follows Chainlink's recent collaboration with Sei Network to integrate US government economic data.
Chainlink Labs asserts that their market data will promote innovation within Taiko.
Chainlink is expanding into sectors like decentralized AI infrastructure through strategic partnerships.