Band Protocol Integrates X Layer to Expand Cross-chain Interoperability and Real-World Data Access

Band Protocol, a cross-chain information oracle community, has introduced a strategic partnership with OKX’s X Layer, a zero-knowledge (ZK) powered layer 2 community.

By the collaboration, Band Protocol built-in its information oracle chain on the X Layer community to strengthen blockchain interoperability and supply dApps with easy entry to real-world information.

Band Protocol described the alliance as a major improvement in delivering decentralized, dependable information options for decentralized purposes worldwide. The collaboration is in step with Band Protocol’s imaginative and prescient to broaden entry to information within the decentralized ecosystem.

This alliance supplies the Band Protocol to develop its attain

By the synergy, Band Protocol leverages the X Layer community’s capability to bridge Ethereum and OKX communities, making a connection between X Layer’s infrastructure and Band Protocol’s oracle options. With this integration, Band Protocol accelerates innovation and develops cutting-edge purposes throughout the decentralized ecosystem.

The X Layer community combines Ethereum’s revolutionary options of ZK expertise, which supplies builders with a quick and cost-effective infrastructure. The platform additionally permits builders to make the most of Ethereum sources whereas benefiting from the effectivity and scalability of ZK networks. For normal customers, this equates to decrease charges and sooner transactions with out undermining the decentralized safety and belief inside blockchain expertise.

Band Protocol, which integrates its worth feed with the X Layer community, ensures dApps operating on prime of the chain get real-time, correct and dependable information. This configuration improves the effectivity of dApps by offering them with correct and constant data that’s essential to their functioning.

Enhancing the effectiveness of the ZK-powered X-layer

Alternatively, this integration can be useful for the effectiveness of the X Layer community. X Layer takes benefit of Band Protocol’s decentralized community’s correct and real-time information obtained from a number of exterior inputs. This functionality is essential for dApps working on X Layer networks the place correct and well timed pricing information is vital for seamless operations.

Moreover, this partnership expands the capabilities of the X Layer Community by giving builders entry to a broader vary of knowledge. This allows the event of latest decentralized purposes that previously had been restricted to non-public or managed information entry. Moreover, this alliance supplies the

How cross-chain interoperability is shaping the DeFi panorama

The present state of the DeFi panorama is akin to a tough scenario the place many alternative monetary programs are attempting to speak with one another. For instance, Ethereum customers can’t instantly ship ETH tokens to DeFi apps operating on different blockchains comparable to Binance Sensible Chain, Solana, and many others., with out utilizing time-consuming bridging strategies. This limits the effectiveness of DeFi, as friction throughout the ecosystem slows down the best way customers and builders work together with completely different dApps.

Cross-chain interoperability has emerged as an answer to this downside. This resolution eliminates such obstacles and allows seamless connections between quite a few blockchain networks.

The emergence of extra superior interoperability networks such because the X Layer community is contributing to seamless cross-chain interoperability within the DeFi panorama. Alternatively, the oracle issues are being solved by initiatives like Band Protocol, which supplies decentralized information feeds which are interoperable throughout a number of chains.