Band Protocol has integrated its push-based Oracle on the Sonic testnet, enhancing dApp functionality and reliability. This milestone furthers the collaboration with Fantom to advance blockchain technology through Oracle solutions.
Band Protocol has announced the successful incorporation of its push-based Oracle on the Sonic testnet, further improving the functionality and reliability of decentralized applications (dApps) on the platform.
This development represents a significant milestone in the collaboration between Band Protocol and Fantom, which commenced in March 2020 to advance blockchain technology through robust Oracle solutions.
Sonic is a layer-1 platform purpose-built to provide developers with a secure and high-performance environment for the development of decentralized applications. It has a pace of more than 10,000 transactions per second (TPS) and a one-second confirmation finality. Ethereum, Fantom Opera, Sepolia, and Goerli are web3 Ethereum Virtual Machine (EVM) blockchains compatible with the Sonic testnet.
The Function of Band Protocol in Sonic
Sonic benefits from the push-based Oracle integration of Band Protocol, as per the firm’s report. This integration provides real-time data flows to decentralized finance (DeFi) platforms, automated market makers (AMMs), and lending protocols.
The integration guarantees that dApps on Sonic receive accurate and dependable price inputs for critical assets such as DAI, ETH, FTM, USDC, USDT, and WBTC by providing continuous updates and reducing latency.
Developers can now optimize their dApps with real-time data retrieval by utilizing Band Oracle on the Sonic testnet. Band Protocol offers documentation and resources, including Band Standard Reference Contracts, to facilitate integration and accelerate the development of high-performance, innovative applications.
The transition from the testnet to the mainnet is the next significant milestone for Band Protocol and Sonic, as the push-based Oracle integration has been finalized.
This will enable even more opportunities for the large-scale deployment of dApps, which dependable Oracle solutions will support. Developers are encouraged to participate in the Band and Sonic communities to contribute to the expansion of this dynamic ecosystem.
