TL;DR
- Aptos Collaboration: Aptos has joined the Chainlink SCALE program, integrating Chainlink’s Oracle services to enhance its layer-1 blockchain, which is expected to empower developers to create advanced dApps.
- Market Reaction: Following the announcement, Aptos’ cryptocurrency (APT) saw a slight price increase of 0.05% and a market capitalization surge of 3.17%, indicating a positive market response.
- Interoperability Focus: The partnership emphasizes interoperability, with Chainlink’s CCIP enabling seamless data exchange across blockchains, which could significantly advance dApp development and blockchain adoption.
Today, the Aptos Foundation announced a significant milestone: Aptos, a next-gen layer-1 blockchain built on the Move programming language, is joining the Chainlink SCALE program. This collaboration will integrate industry-standard Chainlink services, including Data Feeds and the Cross-Chain Interoperability Protocol (CCIP), into the Aptos ecosystem.
Chainlink 🤝 Aptos
The Aptos Foundation joins the @chainlink SCALE program to expand access to mission-critical tools and industry-leading data for next-gen dApps on Aptos.
Aptos leads the pack as the first Move-based network that will be integrating with Chainlink. By bridging… pic.twitter.com/VKsu6W6LQo
— Aptos (@Aptos) May 30, 2024
Empowering Next-Gen dApps on Aptos with Chainlink SCALE
The Chainlink SCALE initiative aims to accelerate the sustainable growth of on-chain ecosystems like Aptos. By participating in the program, Aptos gains increased access to Chainlink’s high-quality, low-cost Oracle services.
During the initial phase, the program covers operating costs, allowing on-chain ecosystems to mature while transitioning toward fully funding Oracle networks through dApp user fees.
Developers building on Aptos will benefit from secure, cost-effective Chainlink Web3 services. These services are essential for creating feature-rich decentralized applications (dApps) and gaining access to industry-leading data.
Bashar Lazaar, Grants and Ecosystem Lead at Aptos Foundation emphasized the ecosystem’s commitment to users and developers. He stated:
“Joining the Chainlink SCALE program will empower developers on Aptos with new and increased access to Chainlink services, expanding the toolkit of resources available to help them build secure, scalable, and fully-featured dApps across both EVM and non-EVM environments.”
Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, expressed enthusiasm about the collaboration, stating:
“We’re pleased that Aptos Foundation has joined the Chainlink SCALE program to help empower developers with industry-standard Chainlink services and accelerate the adoption of its layer-1 blockchain,” he said. “We’re glad to welcome the Aptos ecosystem into SCALE and enable the Aptos Foundation to ensure Aptos ecosystem projects have access to the tools needed to build highly scalable, feature-rich, and secure applications.”
Market Impact: APT Price and Metrics
Following the announcement of Aptos’ integration with Chainlink’s CCIP and data feeds, APT has experienced positive market performance. The price of APT rose by 0.05%, reaching $9.25 at the time of writing.
Additionally, Aptos’ market capitalization surged by 3.17% to $4,105,772,619, elevating its market rank to 26. Despite a 5.67% decline in the 24-hour trading volume (now at $124,523,283), the upward trend remains promising.
Collaboration Details and Blockchain Interoperability
Aptos and Chainlink are teaming up to take dApp development on the Aptos network to the next level. Through participation in Chainlink’s SCALE program, Aptos developers will have the opportunity to utilize a range of Chainlink services, empowering them to create cutting-edge, secure, and high-performing dApps.
Chainlink’s CCIP plays a crucial role in facilitating communication between independent blockchains—an essential feature in the growing digital asset ecosystem. By enabling seamless data exchange across different networks and external systems, Chainlink addresses a key challenge in blockchain interoperability.
Notably, Chainlink’s CCIP has already demonstrated its efficacy in connecting diverse systems through its partnership with SWIFT, the global banking messaging system.
Aptos, a company established by ex-Meta staff, is dedicated to providing affordable transactions and achieving high throughput. By utilizing the Move programming language, which was initially created for Meta’s now-defunct crypto venture, Diem, Aptos strives to entice a larger developer community and foster innovation within its ecosystem.
The partnership with Chainlink marks a significant milestone, poised to boost the expansion and acceptance of decentralized technologies. As Aptos progresses, its teamwork with Chainlink is set to be instrumental in defining the path forward for blockchain applications.
