Hassan Maishera
Chainlink announced via X on Monday that Chainlink Data Feeds and Proof of Reserve are now live on the Hedera mainnet. By adopting the Chainlink standard for high-quality data and reserves verification, developers on the Hedera network now have seamless access to tamper-proof feeds needed to support the development of highly secure DeFi and tokenized RWA applications.
Chainlink Proof of Reserve can fetch data directly from custodians offchain and publish it on the Hedera network, enabling DeFi applications to perform onchain verification checks around collateralization.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is up 1% over the past 24 hours and is trading at $28.70 at press time.
Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.27933 at press time, down 3% over the last 24 hours.
