eOracle Powers Top DApps on Linea
eOracle is delivering numerous reliable & secure data feeds to the popular, user-centric Linea ecosystem; with essential oracle solutions being provided to both Mendi Finance & LayerBank.
Introducing Linea
Ethereum has transformed the blockchain world, powering DeFi, NFTs, and endless dApps. But as adoption soars, Ethereum faces growing challenges: high gas fees, limited scalability, and network congestion. Enter Linea; a Layer 2 zk-Rollup solution by ConsenSys. By dramatically reducing tx costs by over 90% while simultaneously boosting throughput to 2,000 TPS - Linea brings speed, affordability and accessibility to developers, businesses, and the end users alike - without compromising on Ethereum’s security or decentralization. That’s a win for the ethos!
eOracle Powering Top DApps on Linea
Since launching on Linea, eOracle have been providing dApps running on or providing a service on Linea, with the essential specialized data feeds required to provide their users with the best experience possible. Platforms like Mendi Finance and Layerbank on Linea are 2 projects to note, who have recently enlisted the services of eOracle to build custom oracles, dedicated to their specific platform needs.
eOracle was in fact unanimously voted for, by the Mendi Finance community DAO - to replace Chainlink as their primary oracle - showcasing the crypto communities desire for a more secure, reliable and decentralised solution. You can find both of the official announcements below:
eOracle: A Pioneer in the Oracle Landscape
eOracle is the most decentralized oracle network secured by 168,000+ stakers, 130 validators and $14B in staked ETH and also continues to be the largest AVS on Eigenlayer. eOracle's mission is to create a competitive oracle marketplace where anyone can independently provide or consume data directly.
Similar to how permissionless AMMs revolutionized DeFi, the eOracle marketplace aims to introduce new opportunities to the ecosystem by enabling users to build, provide and use data permissionlessly while leveraging the security and benefits of Ethereum.
eOracle’s pioneering vision on OVS’ (oracle validation services) represents not only a concept, but now a newly adopted evolution towards oracle solutions - which aims to make drastic steps towards making Web3 the new internet by bringing Web2 data flow specialization to the blockchain. eOracle makes it easier, cheaper and faster to implement a dedicated oracle solution for individual protocols, while also increasing security at the same time.
Linea & Linea Share The Ethereum Ethos Belief
With the shared focus on security, transparency and true decentralization, eOracle is able to provide the necessary power to the Linea platform and stay true to the core values of blockchain & Ethereum - a value shared by both. With a lot of exciting developments in the near pipeline, we’re looking forward to keeping you updated on the continued delivery of the oracle standard with Linea into the far future…
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