CandleFocus

Chainlink Expands Reach: Solana and Lido Benefit from New Integrations

GMX-Solana, a decentralized perpetual trading platform, has chosen Chainlink's Data Streams as its official Oracle solution for price data, funding rates, and liquidations. This integration aims to enhance accuracy, transparency, and market security for GMX-Solana's derivative markets on Solana.

In addition, Lido, a liquid staking provider, has integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP), allowing users to stake ETH directly from Layer-2 networks and receive liquid wstETH in return. This eliminates the need to bridge assets back to the Ethereum mainnet.

These developments highlight Chainlink's expanding role in decentralized finance (DeFi) and its ability to provide secure, decentralized trading and staking across different blockchain networks. Various other platforms in the DeFi and blockchain ecosystems, such as Mountain Protocol and Spiderchain, are also adopting Chainlink's CCIP.

Despite these developments, the price of Chainlink's token (LINK) has only risen 3.8% on the news.

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