Matic Network, a smart-contract platform acting as both a layer one and layer 2 for Ethereum, announced on Thursday the total launch of 5 Chainlink price feeds that are set to power its ecosystem.

Though there are many promised or existing Chainlink integrations outside of Ethereum, the majority of them are still in development or are indirectly using Ethereum feeds.

Matic now features five cost feeds: MATIC/USD, USDC/USD, ETH/USD, USDT/USD and DAI/USD, promising that more than will come up later on.

Chainlink'south Verifiable Randomness Function is ready to be integrated soon too, which would permit Matic app developers to build provably fair chance games or other integrations.

The team said that the integration volition be crucial for decentralized finance developers wishing to build on Matic, pointing to several projects, such as EasyFi and PlotX, that already committed to using Chainlink oracles.

The race for layer-two scaling to power the next cycle of DeFi adoption often sees Rollup-based projects as the favorites. Sandeep Nailwal, co-founder of Matic Network, told Cointelegraph that Matic'south hybrid approach is already generating interest, despite many existence disquisitional of Plasma every bit a solution for smart-contract scaling:

"The viability of Plasma for DeFi is a hotly debated topic only there is no other Plasma implementation in product apart from Matic. And turns out that in production it works fine and has non encountered any issues afterwards four+ months of launch of mainnet."

He argued that the flexibility of Matic, letting developers choose betwixt Plasma and proof-of-pale, tin can entice different types of developers. "Many apps like Games, VR spaces apply pure POS while some DeFi and prediction markets choose Plasma," he added.

Like other layer-ii solutions, Matic supports Ethereum tooling and allows developers to "merely selection upwards their Ethereum smart contracts and deploy information technology on Matic sidechains within a matter of minutes," Nailwal said.

While Matic has been somewhat left out of mainstream comparisons, direct support from Chainlink can strongly contribute to further adoption. "We believe Chainlink'south determination to build on Matic was rationalized on the footing of where the greatest demand for its services lies," Nailwal connected.

The number of prediction markets edifice on the platform, which have a particularly pronounced need for reliable price information, likely contributed to the decision to integrate Matic, he ended.