Hassan Maishera
The Chromia team announced on Tuesday that they had successfully completed the Asgard Mainnet upgrade. In a press release shared with Cryptowisser, the team said this upgrade introduces new features designed to enhance the capabilities of the Layer-1 relational blockchain. The upgrade is expected to support the growth of decentralized finance and AI-enabled applications on the Chromia Network.
Asgard’s primary feature is the framework for Chromia Extensions, a modular system that adds specialized capabilities to Chromia’s relational blockchain. These Extensions complement the platform's core features, including its relational data architecture, modular network design, and gas-free economic model for end users.
The team also launched the Oracle Extension, which provides fully on-chain, real-time price feeds updated approximately once per second. This functionality supports the development of DeFi applications such as decentralized exchanges, futures and options platforms, and lending protocols.
While commenting on this milestone, Ludvig Öberg, VP of the Chromia Platform Unit, said,
“The Oracle Extension lays the groundwork for an expansion of decentralized finance activity on the Chromia network and the growth of network value.”
The launch of the Oracle service is part of a broader push by the Chromia team to strengthen connections to the wider cryptocurrency ecosystem. Efforts include integrating native CHR tokens and other Chromia-based tokens with centralized exchanges and cross-chain wallets.
Chromia has also unveiled plans for the AI Inference Extension, which is expected in Q1 2025. The AI Inference Extension will enable developers to execute AI models directly on-chain using Chromia’s decentralized provider network. The project’s recently formed Data and AI Division is focused on creating tools to enhance transparency in AI training data and inputs.
Yeou Jie, Head of Business Development at Chromia, commented that,
“As the world’s only relational blockchain, Chromia has demonstrated its ability to bring transparency to AI and other data-intensive use cases. The AI Inference Extension will take this a step further, enabling on-chain execution of AI models.”
With the Asgard upgrade now completed, Chromia plans to release a public demo of the Oracle Extension, with integrations by DeFi protocols expected soon after.
Chromia is a Layer-1 relational blockchain platform that uses a modular framework to empower users and developers with dedicated dapp chains, customizable fee structures, and enhanced digital assets. By fundamentally changing how information is structured on the blockchain, Chromia provides natively queryable data indexed in real-time, challenging the status quo to deliver innovations that will streamline the end-user experience and facilitate new Web3 business models.
