Polkadot and Chainlink formed an alliance for the development of the industry DeFi

The Polkadot project, with the participation of Chainlink, created an alliance to attract developers of DeFi applications who are ready to use the Polkadot blockchain and the Substrate modular architecture.
The alliance’s founders included oracle supplier Chainlink, second-tier technology solutions provider Plasma Network, Tidal Finance, a decentralized insurance firm, as well as non-astodial automated marketmaker Polkaswap.

The alliance began to accept applications from developers using the Polkadot network or the Substrate infrastructure, which allows them to create their own blockchain for various applications. Polkadot also announced that this month it will launch the Thousand Validators program, aimed at increasing the number of network validators that will be provided with the necessary support.

“Chainlink is ready to contribute to the development of decentralized financial applications Pоlkadot. Helping developers using the Pоlkadot blockchain to create DeFi protocols, this ecosystem will only gain strength, “said Dan Kochis, head of business development at Chainlink.

The initiative resembles a program that was launched at the beginning of the year for Kusama parachea. In February, Kusama had 180 nodes, and today it already has about 700 active validators, with 393 awaiting confirmation. The Polkadot network works with only 249 validators. This suggests that many market participants prefer to interact with third-party service providers.

According to a recent study by The Block, Pоlkadot has become the most popular network for stealing. In addition, the head of the Spartan Black cryptocurrency fund suggested that in a year Polkadot will be among the three most popular blockchains. Blockchain Polkadot will not directly compete with Ethereum due to differences in structure, but will be able to solve the problem of high transaction fees.