A partnership between Chainlink Labs and StarkWare was announced on February 6 by the technology company StarkWare, which specializes in developing scalable solutions for blockchain and decentralized applications.
Chainlink Price Feeds will be incorporated into the Starknet testnet as a result of the cooperation, and the Starknet mainnet may shortly follow.
StarkWare provides a variety of blockchain infrastructure solutions, such as StarkNet, that use zero-knowledge (ZK) proof technology. On the Ethereum mainnet, the permissionless, decentralized Validity-Rollup protocol known as StarkNet serves as a layer-2 scaling method.
There are more EVM-compatible ZK rollups now.
Optimistic rollups, like Arbitrum and Optimism, were offered as viable remedies to address these problems.
These rollups were merely a short-term solution, and the introduction of zkEVMs may soon make them obsolete.
Other websites that offer zk rollups compatible with the Ethereum Virtual Machine (EVM) besides StarkNet include Polygon zkEVM, zkSync zkEVM, Scroll zkEVM, and AppliedZKP zkEVM.
Even though Polygon zkEVM is still in the experimental stage, usage has grown since it went live for testing on a public testnet on October 11.
LINK price pauses, with little sign of an increase continuing
The alternative’s price fluctuated between $6.5 and $7.5 throughout the previous week while trading in a constrained range.
Price movements on the daily chart showed that LINK purchasing enthusiasm has drastically diminished since the beginning of February, despite the stock having gained by 25% year-to-date.
The beginning of a new bear cycle was actually signaled at the beginning of the new month when the alt’s moving average convergence/divergence (MACD) line (blue) collided with the trend line (orange) in a downward motion, which it has been in since 1 February. The cost of LINK has decreased by 7% since that time.
At the time of writing, LINK’s Chaikin Money Flow (CMF) was 0.03, just above the middle. Less demand in a downturn might lead to an increase in the price of LINKs.
The feeble character of the positive trend in the LINK market was further reinforced by a glance at the Aroon indicator. The Aroon Up Line (blue) was in a downtrend at 7.14% at the time of publication.
The most recent peak was reached lately and the uptrend is strong if the Aroon Up line is close to 100. The most recent high was reached a long time ago if the Aroon Up line is near to 0, on the other hand, which indicates a weak uptrend. Caution is urged since this frequently occurs before a price decrease.