Chainlink integrates with Moonbeam to provide price data to Polkadot developers
Derek Yoo, the founder of Moonbeam, noted that the integration lets their platform provide “building blocks” to DeFi developers. Decentralized oracle network Chainlink (LINK) has integrated its service called Chainlink Price Feeds to Moonbeam, a smart contract parachain on Polkadot (DOT), to provide data to developers in the platform. In a release sent to Cointelegraph, Chainlink's team noted that going live on Moonbeam will allow those who build within the platform to access price information that’s compiled and aggregated from many different exchanges. This allows decentralized finance (DeFi) developers to bring price accuracy to their decentralized applications (DApps).
Moonbeam founder Derek Yoo mentioned that access to off-chain asset prices has many uses in DeFi, but resistance to attacks and manipulation in price data is hard to achieve. However, the Moonbeam founder believes that Chainlink is able to solve the issue and can help DeFi developers within their platform. He explained that:
“This Chainlink integration is one of the last integrations needed to provide a full set of building blocks to Moonbeam DeFi developers.”
Niki Ariyasinghe, an executive at Chainlink, expressed their support for Moonbeam developers. Ariyasinghe highlighted that this integration will allow Polkadot developers to create new use cases in interconnected DeFi platforms. Earlier in June, LINK's price has broken its downward trend, rallying to $9 when its team announced a new roadmap. Additionally, Chainlink has also told the news that LINK staking will be included in the project's Chainlink Economics 2.0. This will let participants back the Chainlink network with LINK tokens, allowing it to have increased "crypto-economic security."
Last week, Chainlink habrought Chainlink Keepers as well as Chainlink Verifiable Random Function (VRF) to the Avalanche (AVAX) network. The integration provides automated smart contracts and a verified random number generator to DApps built on top of Avalanche. Ava Labs founder Emin Gün Sirer said that this simplifies the experience of both developers and users.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 86% | 13 | $62 203.07 | 0.34% | 0.01% | $1 225 310 298 918 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 84.4% | 21 | $2 918.51 | 0.02% | -2.56% | $350 561 919 660 |  |
|
| 3 |  USDT |
Tether predictions | 91.2% | 1 | $0.999776 | 0.03% | -0.02% | $110 822 116 527 |  |
|
| 4 |  BNB |
Binance Coin predictions | 87.2% | 15 | $569.92 | -3.08% | -1.74% | $84 113 308 223 |  |
|
| 5 |  SOL |
Solana predictions | 84% | 28 | $144.39 | -1.35% | -1.58% | $64 780 805 432 |  |
|
| 6 |  USDC |
USD Coin predictions | 90.8% | 1 | $1.000071 | 0% | 0.01% | $32 900 186 594 |  |
|
| 7 |  XRP |
XRP predictions | 87.2% | 14 | $0.499972 | -0.99% | -4.07% | $27 678 051 761 |  |
|
| 8 |  TON |
Toncoin predictions | 66.4% | 62 | $6.96 | -1.12% | 23.37% | $24 194 935 224 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 79.6% | 34 | $0.149110 | -2.08% | 0.85% | $21 516 297 905 |  |
|
| 10 |  ADA |
Cardano predictions | 84.4% | 19 | $0.431154 | -1.26% | -1.87% | $15 379 666 142 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 76.8% | 45 | $0.000024 | 0.55% | 5.71% | $14 139 914 832 |  |
|
| 12 |  AVAX |
Avalanche predictions | 82.8% | 34 | $32.69 | 0.21% | -5.41% | $12 488 592 307 |  |
|
| 13 |  TRX |
TRON predictions | 75.2% | 40 | $0.125488 | 0.39% | 3.53% | $10 976 177 595 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 78% | 42 | $0.125188 | -0.16% | 3.00% | $10 949 899 527 |  |
|
| 15 |  STETH |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
