TLDR:
- MegaETH launched with Chainlink integration, enabling immediate access to $14B in DeFi assets and protocols.
- Chainlink’s oracle infrastructure powers 70% of DeFi markets with over $27 trillion in transaction value.
- CCIP enables cross-chain liquidity for Lombard and Lido assets across MegaETH and other blockchain networks.
- Aave and GMX protocols are now available on MegaETH through Chainlink’s data and interoperability standards.
MegaETH has joined the Chainlink Scale program and integrated Chainlink’s data and interoperability infrastructure at launch.
The collaboration provides immediate access to leading DeFi protocols, including Aave and GMX. Users can now interact with nearly $14 billion in flagship assets such as Lido’s wstETH and Lombard’s BTC.b and LBTC.
The integration went live on Monday, marking a strategic partnership between the real-time blockchain platform and the oracle network.
Chainlink Infrastructure Powers MegaETH’s DeFi Ecosystem
The integration brings Chainlink Data Feeds, Data Streams, and Cross-Chain Interoperability Protocol (CCIP) to MegaETH. These services enable developers to build high-performance decentralized applications on the platform.
The oracle infrastructure has facilitated over $27 trillion in onchain transaction value across the industry. Currently, Chainlink powers approximately 70% of existing DeFi markets globally.
MegaETH users gain access to multiple DeFi protocols through this partnership. Aave and GMX are among the prominent platforms now available on the network.
Additionally, HelloTrade and Avon have joined the ecosystem at launch. The integration creates opportunities for lending protocols, derivatives markets, and decentralized exchanges to operate efficiently.
The platform features a custom integration designed to deliver fast market data. This setup supports MegaETH’s objective of becoming the first real-time blockchain.
Developers can now build applications requiring accurate price feeds and reliable data sources. The infrastructure ensures consistency across various financial products and services.
CCIP enables secure cross-chain asset transfers for MegaETH users. Asset issuers like Lombard and Lido can provide liquidity across multiple blockchain networks.
The protocol offers compliance-enabled interoperability for developers building composable applications. This functionality extends MegaETH’s reach beyond its native ecosystem into broader multi-chain environments.
Scale Program Benefits and Industry Adoption
The Chainlink Scale program provides MegaETH developers with low-cost oracle services. Institutions building on the platform receive access to secure data infrastructure from day one.
Oracle nodes supply trusted information to support both traditional and decentralized finance applications. The program reduces barriers for teams developing on MegaETH.
Johann Eid, Chief Business Officer at Chainlink Labs, commented on the partnership’s scope. “MegaETH joining Chainlink Scale and adopting the Chainlink data and interoperability standards is a major moment for our ecosystem,” Eid stated.
He added that the infrastructure has enabled tens of trillions in onchain transaction value. The integration brings users access to protocols like Aave and GMX alongside key DeFi assets.
Stani Kulechov, Founder of Aave Labs, addressed the upcoming Aave launch on MegaETH. “The upcoming Aave launch on MegaETH with Chainlink live from day one will give users access to the high-quality data,” Kulechov explained.
He noted that Chainlink’s standards have been foundational to Aave’s multi-ecosystem growth. The integration enables seamless extension onto MegaETH’s next-generation blockchain platform.
Lei Yang, Co-Founder and CTO of MegaETH, outlined the strategic rationale behind joining Chainlink Scale. “Joining Chainlink Scale ensures that our developers have access to high-quality data and secure interoperability,” Yang said.
He emphasized the importance of providing developers with necessary tools from day one. The partnership supports MegaETH’s goal of becoming the leading blockchain platform in the industry.
The post MegaETH Joins Chainlink Scale Program With $14B in DeFi Assets at Launch appeared first on Blockonomi.
Source: https://blockonomi.com/megaeth-joins-chainlink-scale-program-with-14b-in-defi-assets-at-launch/
