Chainlink’s Data Streams and VRF Now Live on Base to Boost DeFi Throughput

Decentralized computing platform Chainlink has officially launched Chainlink Data Streams and Chainlink VRF on Base, a Layer 2 blockchain designed to support decentralized applications (dApps) on Ethereum, built by crypto exchange Coinbase. 

According to an official press release, Chainlink Data Streams offers a combination of low-latency market data and automated execution, enabling the creation of fast, user-friendly, and high-throughput DeFi products. By delivering high-frequency market data through decentralized infrastructure, it allows for a seamless user experience that rivals centralized exchanges (CEXs), while also providing secure and rapid onchain execution.

On the other hand, Chainlink VRF is recognized as the most widely used random number generator (RNG) in Web3, having processed over 21 million requests for thousands of smart contracts. The latest upgrade to VRF v2.5 brings improvements such as streamlined billing and more accurate gas consumption predictions, tailored to network conditions.

Creating the Next Generation of DeFi Products

Thodoris Karakostas, head of blockchain partnerships at Chainlink Labs, expressed excitement about the full availability of Chainlink products on Base, highlighting that Data Streams will enable developers to create the next generation of DeFi products. He also noted that VRF will allow smart contracts on Base to securely access random number generation.

Tom Vieira, head of product at Base, also shared enthusiasm for the integration, stating that the complete Chainlink infrastructure is now available on Base, providing developers with the tools to build advanced onchain applications. With the addition of Data Streams and VRF, Base developers now have access to a comprehensive range of Chainlink services, including CCIP, Functions, and Price Feeds.

Chainlink Expands With New Integrations

Earlier in the year, Chainlink introduced Transporter, an app powered by its CCIP for transferring crypto tokens and messages across blockchains. Chainlink also collaborated with Fidelity International and crypto bank Sygnum on a project to bring net asset value data onchain.

Similarly, asset management firm 21Shares has taken a significant step to enhance the transparency of its Core Ethereum ETF (CETH) by incorporating Chainlink’s industry-standard Proof of Reserve (PoR). The integration leverages Chainlink’s PoR solution to deliver real-time and historical data on ETH reserves, pulling information directly from Coinbase through an off-chain feed.