Demex Daily #220: Base Completes Chainlink Integration and Strengthens L2 Market Lead

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Base, the Layer 2 network from Coinbase, has fully integrated Chainlink's suite, including Data Streams and Verifiable Random Function (VRF). Data Streams offer low-latency market data to enhance DeFi protocols, while VRF provides secure random number generation for smart contracts. This completion of Chainlink's product rollout on Base allows developers to access tools like Cross-Chain Interoperability Protocol, Price Feeds, and Functions services. Meanwhile, Base continues to expand its L2 market dominance, with 3.47 million active addresses and a record 4.06 million transactions in the last 24 hours, holding a total value of $6.22 billion.

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Cronos Labs has launched the Cronos zkEVM mainnet, a Layer-2 ZK chain built on Ethereum and utilizing ZKsync technology. This network aims to improve the Ethereum ecosystem with features like low-cost, secure transactions across a unified, multi-chain environment. Cronos zkEVM is designed to enhance user and developer experience by providing easy use, account abstraction, and a native Ethereum bridge for improved security and functionality. Launch partners include Matter Labs, Crypto.com, and several DeFi and NFT projects. The network also introduces a "triple yield" value proposition for users, combining staking returns, DeFi yields, and loyalty rewards from ecosystem interactions. This launch marks a significant step towards scalable, user-friendly blockchain solutions, aligning with Cronos’ mission to make crypto adoption safer and easier for a global audience.