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HomeNewsBlockchainSupra Introduces Live...

Supra Introduces Live Price Updates and Blockchain-Based Randomness for ApeCoin

Supra, the leading provider of Oracle data feeds and verifiable randomness across 80+ blockchains, is excited to announce its integration with ApeChain. This integration marks the first deployment of an Oracle price feeds and verifiable randomness protocol on Arbitrum’s new Layer 3.

Thanks to Supra’s oracle price feeds protocol, Distributed Oracle Agreement (DORA), GameFi, DeFi, and other decentralized apps based on ApeChain will have easier access to real-time data, increased functionality, and faster decision-making capabilities. Additionally, ApeChain dApps can utilize Supra’s dVRF to generate decentralized and verifiable randomness, ensuring transparency in blockchain games, prize draws, and other situations where confidence is crucial.

Supra plays a vital role in enhancing the possibilities of smart contracts by providing safe access to external data through its innovative oracle data feeds. With over 475 active price feeds and growing, Supra’s DORA protocol addresses the challenges of verifying and transmitting real-world data to deterministic blockchain networks. Its resilience to Byzantine corruption, Layer-1 grade security, and potential for node collusion provide strong security assurances. Supra caters to various dApp demands by supporting both push and pull models.

Powered by the Supra Moonshot Consensus protocol, Supra’s data feeds offer lightning-fast performance speeds and robust security assurances. During advanced worldwide testing, the Moonshot Consensus protocol achieved a throughput of 530K transactions per second with 500 millisecond optimistic finality and ~1.5–2 secs complete block finality. Supra’s data feeds stand out with additional capabilities such as aggregation, authenticity, and archival, which ensure a trustworthy information stream, verify data accuracy, and secure data storage.

Supra’s dVRF protocol builds on the advantages of DORA and provides a trustless and verifiable solution for generating unexpected results in dApps using decentralized randomness. This is crucial for Web3 developers who can utilize dVRF to ensure the integrity and unpredictability of random outcomes in competitive matchups and prize draws. Supra’s on-chain verifiable randomness generator enables dApps to generate random results easily, boosting community confidence.

ApeChain, built on Arbitrum, is a dedicated Layer 3 (L3) solution that serves as the foundation for the thriving Ape community and facilitates the expansion of ApeCoin. At the intersection of NFT and gaming, the Ape community holds a crucial position in Web3. ApeChain’s specialized infrastructure is designed to support numerous upcoming games and protocols within the ApeCoin ecosystem, providing a seamless and efficient gaming experience.

GameFi and metaverse dApps have shown significant interest in ApeChain, leading to increased demand for trustworthy data oracles that provide up-to-date off-chain data. Gaming apps also require verifiable on-chain randomness to ensure fairness. By leveraging Supra’s dVRF and oracle data feeds, game developers on ApeChain can create more immersive experiences with improved performance.

Hervé Larren, ApeCoin DAO Special Council and co-author of ApeChain, commented on the partnership with Supra, stating:

“ApeChain aims to accelerate the widespread adoption of GameFi by partnering with Supra to provide more reliable data and foster confidence through verifiably fair results.”

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