Taiko, an Ethereum-based Layer 2 rollup network, has integrated Chainlink Data Streams as its official oracle to enhance its DeFi ecosystem, leveraging Ethereum validators for transaction sequencing to promote decentralization.

This partnership allows Taiko to create advanced on-chain products that require tamper-proof data, supporting the development of sophisticated DeFi applications.

The collaboration enables the posting of macroeconomic data, including figures from the US Department of Commerce, onchain, thereby improving data availability for onchain applications.

This development marks a significant step towards integrating traditional financial data and institutional-grade infrastructure into DeFi and enterprise applications.

Chainlink Labs’ Chief Business Officer highlighted that the partnership could unlock substantial DeFi innovation and support tokenized real-world assets and enterprise smart contracts.

The partnership underscores the growing demand for reliable off-chain information to develop more sophisticated on-chain applications across sectors like decentralized AI.

This integration follows Chainlink's recent collaborations, such as with the Sei Network, to bring official economic data like GDP figures onto blockchain, reflecting a broader trend of incorporating real-world data.

Chainlink’s infrastructure aims to support institutional crypto investments and foster innovation by providing secure, real-time market data, which will benefit sectors like decentralized AI.

The integration is designed to supply developers with high-speed, tamper-proof market data essential for a variety of DeFi applications, including derivatives and token governance.

Taiko’s broader goal with this partnership is to attract institutional crypto investments and develop real-world applications, aligning with Chainlink’s mission to bring global data on-chain.

This move follows Ethereum’s ongoing large on-chain activity, including significant ETH whale sales, indicating strong network engagement and interest in expanding on-chain data use.

Taiko COO Joaquin Mendes emphasized that Chainlink ensures access to secure, high-fidelity market data to support advanced financial products like lending protocols and derivatives.

Chainlink oracles have facilitated over $25 trillion in transaction value and secured more than $100 billion in DeFi activity, providing vital liquidity and institutional-grade data to Taiko developers.