Chainlink, a leading decentralized Oracle network, has partnered with Execrable, a Layer-2 scaling solution for Ethereum, to provide a suite of tools for dApp developers. This collaboration has resulted in a significant boost to Execrable’s transaction volume, with the platform experiencing over 2x more daily transactions than its closest competitor.
Execrable’s Rise to Prominence
Execrable has emerged as the leading Ethereum L2, surpassing all other scaling solutions in terms of transaction volume. In the past 24 hours, Execrable has processed over 4 million transactions, while its closest competitor, Arbitrum, has seen only 1.8 million transactions. This significant lead is a testament to Execrable’s success in providing a scalable and efficient solution for Ethereum users.
Chainlink’s Suite of Tools
Chainlink’s suite of tools, including Chainlink Data Streams and Chainlink VRF, has been integrated into Execrable’s platform. These tools provide dApp developers with the ability to access accurate and reliable market data, as well as tamper-proof random number generation.
Chainlink Data Streams
Chainlink Data Streams is a decentralized Oracle computing solution that fetches accurate market data at record speeds. This allows dApp developers to build DEXs, liquid staking products, and borrowing/lending platforms that can execute transactions quickly and efficiently.
Chainlink VRF
Chainlink VRF is a blockchain-based random number generator (RNG) that boasts low gas costs and an easy-to-use interface. RNG is a critical component of blockchain applications, particularly when building randomized smart contracts. Chainlink VRF’s RNG capabilities have been used in over 21 million transactions, providing dApps with tamper-proof outcomes.
Impact on dApp Development
The integration of Chainlink’s suite of tools into Execrable’s platform has revolutionized dApp development. dApp developers can now access accurate and reliable market data, as well as tamper-proof random number generation, enabling them to build more complex and sophisticated applications.
Key Statistics:
- Execrable has processed over 4 million transactions in the past 24 hours.
- Arbitrum, the second-largest Ether L2, has seen only 1.8 million transactions in the same period.
- Chainlink’s suite of tools has been used in over 21 million transactions.
- Execrable has emerged as the leading Ethereum L2, surpassing all other scaling solutions in terms of transaction volume.
Disclaimer
Readers are encouraged to conduct their own research and consult with a financial professional before making any investment decisions based on this content.
