Yesterday the Aptos Foundation announced that the Aptos network has integrated Chainlink data feeds.
Thanks to this integration, the Aptos network now has access to tamper-proof data necessary to support the development of highly secure applications on the network.
The Aptos project
Aptos is a crypto project launched at the end of 2022.
This is a layer-1 blockchain based on PoS (Proof-of-Stake) that uses a new programming language for smart contracts called Move, based on Rust, and developed independently by engineers who worked on Facebook’s crypto project (Diem, and before that Libra).
The goal of this project is to bring about the mainstream adoption of web3, thanks to an ecosystem of dApps that solve the real problems of users.
For now, however, it has not yet achieved great success, but it is in its first real big bullrun, so it still has all the time to do it, at least in theory.
However, for example in the DeFi sector, its dApps have not yet experienced a true boom, given that for TVL Aptos is indeed above Polygon but still below Avalanche, and especially behind much more recent projects like Sui and Hyperliquid. Nevertheless, it remains one of the most important new chains in this sector.
On the crypto market Aptos has a price in line with the initial one at the end of 2022, even though it went through three mini-bubbles (beginning of 2023, March and July 2024), and as many phases of difficulty. In other words, for now, it has proven to be primarily a speculative crypto.
Aptos chooses Chainlink as oracle
Chainlink is a decentralized network of oracles that bring real-world data to smart contracts.
The project was born back in 2017, and it also includes the existence of a native token, LINK, which is used to pay the node operators.
The oracles in the DeFi field are very important, because in their absence decentralized smart contracts would not be able to draw data from the outside, and Chainlink is in fact the leader in this market.
LINK over the years has already gone through two major bull runs, even though the one at the end of 2017/start of 2018 was brief.
Between 2020 and 2021, its price recorded a significant growth, rising from $4 to over $50 in less than a year and a half.
During the bear-market of 2022/2023, it went back to $5, but without returning to the pre-bull run $4.
By the end of 2023, it had already climbed back to $16, then reached $21 in March of this year. Thanks to the Trump trade at the end of 2024, it managed to surpass even $29, but now it has returned to around $20.
Aptos: the integration of Chainlink
The official announcement from Aptos Foundation in which the integration is announced is sparse.
They only add that this integration is important because Chainlink supports the main DeFi protocols by reliably providing accurate and tamper-proof data, and because its proven infrastructure is widely adopted by applications that require off-chain data and computing services.
Now, therefore, the developers of the Aptos network can leverage Chainlink’s reliable solution to access off-chain data and processing services.
The Chainlink data feeds are protected by a wide collection of independent nodes, which are security-reviewed and Sybil-resistant. Additionally, the infrastructure is decentralized at multiple levels, thus eliminating any single point of failure in data delivery, and also ensuring transparent performance, thanks to real-time monitoring.
This is defined as a perfect solution for Aptos, and it further highlights how Aptos positions itself as a platform for Web3 innovation, providing developers with recent tools and standards.
The comment of the dirigenti
The head of blockchain partnerships at Chainlink Labs, Thodoris Karakostas, stated:
“We are excited that Aptos has adopted the Chainlink standard. Chainlink Data Feeds will greatly enhance the reliability of applications built on the network, and we look forward to seeing the innovative ways in which developers will leverage it.”
The Head of Grants and Ecosystem of Aptos Foundation, Bashar Lazaar, added:
“The Chainlink standard allows developers to access high-quality and tamper-proof data, which is crucial for creating secure applications. This aligns with our vision of a scalable and secure Web3 ecosystem”.
