- Band Protocol has made its feed oracle live on Arbitrum, a milestone in decentralized application data potential.
- The collaboration expands beyond price feeds, incorporating data such as staked assets, forex, and more into dApps on Arbitrum.
- Band Protocol introduces “cross-chain communication” to the Arbitrum ecosystem, fostering greater blockchain interconnectivity.
In the world of crypto, there has been another milestone. Band Protocol has made its feed oracle live on Arbitrum. The dynamic integration is one of a kind, as it marks a step forward in unleashing the potential of real-world data for decentralized applications to run on Arbitrum.
Following its partnership with Bitgert Chain, Band Protocol is certainly growing and thriving. Through a combination of the strengths associated with Band Protocol, secure and decentralized services will be assured at Arbitrum. The Arbitrum Layer 2 solution is indeed set to revolutionize the world for developers.
One of the core elements in this collaboration is the price feed oracle of Band Protocol. It will empower smart contracts on Arbitrum and thereby improving reliability and security for users. Band Protocol’s high-end data set expands the use cases for the Arbitrum ecosystem.
The collaboration, however, does not limit itself to price feed. In fact, Band Protocol aims to share data like staked assets, forex, commodity, custom price feeds, and security data as well. These will be incorporated into the dApps on Arbitrum. Thereby, it is expected that the user experience will soon be enriched with a wide scope. Band Protocol’s infrastructure will soon be providing users the confidence to build complex and data-driven dApps on Arbitrum. This way, they will have real-world information at their fingertips.
Band Protocol’s Aim
With this collaboration, Band Protocol aims to introduce “cross-chain communication” to the Arbritrum ecosystem. Band Protocol currently runs its own BandChain, which is a native of the Cosmos ecosystem, IBC-enabled, and also holds EVM compatibility. With these factors in mind, users can expect dApps on Arbitrum to interact with Band Oracle solutions on several compatible chains across different ecosystems. Through this notion, there will be more interconnectedness and collaboration between blockchain ecosystems.
With these collaborations, it can be expected that the future of DeFi and Web3 is quite bright. Both of these innovative giants can be expected to introduce something else soon too. Let’s see what it will be.