Band Protocol has announced the successful integration of its push-based Oracle on the Sonic testnet, further enhancing the functionality and reliability of decentralized applications (dApps) on the platform. This development marks a significant milestone in the collaboration between Band Protocol and Fantom, which began in March 2020, aimed at advancing blockchain technology through robust Oracle solutions.
Sonic is a layer-1 platform designed to offer developers a secure and high-performance environment for building decentralized applications. It boasts transaction speeds of over 10,000 transactions per second (TPS) with a one-second finality for confirmations. The Sonic testnet is compatible with Web3 Ethereum Virtual Machine (EVM) blockchains, including Ethereum, Fantom Opera, Sepolia, and Goerli.
Band Protocol’s Role in Sonic
According to the firm’s report, Band Protocol’s push-based Oracle integration brings several benefits to Sonic, providing real-time data feeds to dApps, including decentralized finance (DeFi) platforms, automated market makers (AMMs), and lending protocols. By offering continuous updates and reducing latency, the integration ensures that dApps on Sonic receive reliable and accurate price feeds for key assets like DAI, ETH, FTM, USDC, USDT, and WBTC.
Developers can now leverage Band Oracle on the Sonic testnet to optimize their dApps with real-time data retrieval. Band Protocol provides resources such as Band Standard Reference Contracts and documentation to streamline integration, supporting the creation of innovative, high-performance applications.
With the push-based Oracle integration complete, the next significant milestone for Band Protocol and Sonic is the transition from the testnet to mainnet. This will unlock even greater opportunities for large-scale deployments of dApps, backed by reliable Oracle solutions. Developers are encouraged to join the Band and Sonic communities to contribute to the growth of this vibrant ecosystem.
Source: https://blockchainreporter.net/band-protocol-integrates-push-based-oracle-on-sonic-testnet/