Chainlink Data Streams and VRF go live on Base

Key Takeaways

• Chainlink Data Streams and VRF are now fully integrated into the Base platform.
• The integration enhances the development of DeFi products with high-throughput and secure features.

Decentralized oracle network Chainlink has launched its Data Streams and Verifiable Random Function (VRF) on Base, a layer 2 blockchain developed by Coinbase, said the firm in a Thursday press release . With the latest integrations, the entire Chainlink product suite is now accessible to Base developers.

“Base’s builder-friendly environment is a natural fit for Chainlink products,” said Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs.

Chainlink’s Data Streams and VRF on Base aim to provide Base developers with essential tools for building high-performance and secure decentralized applications (dApps).

“We’re excited to see all of Chainlink’s infrastructure solutions are now on Base for developers to build next-gen onchain apps,” Tom Vieira, Head of Product at Base stated.

Chainlink Data Streams deliver low-latency market data and automated execution, the firm noted. It enables high-throughput DeFi products to rival centralized exchanges in terms of speed and user experience while maintaining security and decentralization.

The solution allows dApps to access real-time data on demand, rather than receiving regular updates at fixed intervals, the firm stated.

Meanwhile, Chainlink VRF introduces secure, on-chain random number generation to support smart contracts on Base. The service is particularly useful in building blockchain games, and non-fungible tokens (NFTs), as well as creating applications that require transparency and fair outcomes.

Chainlink said developers can benefit from the recent VRF v2.5 upgrade, which comes with additional benefits, like low-friction billing, seamless upgrades to future versions, and improved gas consumption prediction. The combination of these improvements targets new possibilities for VRF applications.

The implementation of both Data Streams and VRF is expected to enhance the capabilities of dApps, allowing them to operate more efficiently and securely in a decentralized environment.

“Chainlink Data Streams’ low-latency market data will enable developers to build the next generation of DeFi products, while VRF will now enable smart contracts on Base to access random number generation securely,” Karakostas added.

In April, Chainlink Functions went live on Base , offering developers access to on-demand API functions and off-chain computations.