Band Protocol has recently connected with the Minato Testnet of Soneium, an Ethereum Layer 2 platform created by Sony Block Solutions Labs. With Band Oracle set to support further tokens as demand rises, developers can easily combine price feeds for popular symbols such as BTC, ETH, USDT, and USDC on Soneium Minato.
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— Band Protocol (@BandProtocol) October 16, 2024
Soneium is an Ethereum Layer 2 blockchain using a high-performance, developer-friendly environment meant to mainstream Web3 technology. Built on the OP Stack of Optimism, Soneium preserves Ethereum’s high-security standards while enabling quick, cheap transactions. The Minato Testnet provides a virtual environment for developers to design, test, and deploy programs, particularly in creator-oriented fields like NFTs, gaming, and entertainment.
More About the Band Protocol x Soneium Minato Partnership
This partnership adds Band Oracle’s strong capabilities to Soneium’s developer community, enabling the smooth integration of price data into dApps across gaming, DeFi, and NFTs.
Combining Band Protocol’s strong data infrastructure with Soneium’s scalable blockchain technology improves Soneium’s developer capacity. It opens the path for more dependable, safe, and scalable distributed apps—enabling the change from Web2 to Web3.
More Tokens Support, Real-time Price Feeds & More
Band Protocol allows Soneium’s Minato Testnet developers to access the Band Standard Dataset, which provides real-time, consistent off-chain data for smart contracts. With great frequency and variation customization, this covers support for important price symbols, including BTC, ETH, USDC, and USDT. Soneium developers can use reliable market data for various decentralized applications, especially in DeFi Platforms.
Real-time price feeds from Band Protocol improve the functionality of DeFi apps by allowing features such as liquidations and derivatives with correct data for the supported cryptocurrencies. The ecosystem can include more pricing symbols to satisfy users’ expanding needs as well as developers’.
About Bandium Protocol
Band Protocol is a cross-chain data oracle platform that aims to build high-quality suites of Web3 development products. It provides reliable, secure, and real-time data to smart contracts on various blockchain networks. It was designed to address the growing demand for accurate and timely data for blockchain-based applications.
