Decentralized oracle network Chainlink has launched its Data Streams and Verifiable Random Function (VRF) on Base, a layer 2 blockchain developed by Coinbase, the company said 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 great 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 powerful and secure decentralized applications (dApps).
“We’re excited to see that all of Chainlink’s infrastructure solutions are now on Base, so developers can build the next generation of onchain apps,” said Tom Vieira, Head of Product at Base.
Chainlink Data Streams deliver market data with low latency and automated execution, the company said. It ensures that high-throughput DeFi products can compete with centralized exchanges in terms of speed and user experience, while maintaining security and decentralization.
The solution gives dApps access to real-time data on demand, rather than receiving regular updates at fixed intervals, the company said.
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 in creating applications that require transparency and fair results.
Chainlink said developers can take advantage of the recent VRF v2.5 upgrade, which provides additional benefits such as low-friction billing, seamless upgrades to future versions, and improved gas consumption prediction. The combination of these improvements focuses on new possibilities for VRF applications.
The implementation of both Data Streams and VRF is expected to expand 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 securely access random number generation,” Karakostas added .
In April, Chainlink Functions went live on Base, giving developers access to on-demand API functions and off-chain computation.