Blockchain agnostic interchain DeFi ecosystem Waves Tech announced that it has integrated Solana, a web-scale blockchain network, with cross-chain data oracle provider Gravity Protocol. Waves Tech stated in the official statement that Solana is the first external network to join its roadmap for mass cross-chain DeFi adoption through the interoperability tool by Gravity Protocol.
Waves is integrating @solana into @ProtocolGravity! This enables Solana to work in conjunction with other integrated chains, oracle systems and data providers. In this article, we explore advantages of this integration for the community.https://t.co/VuF6ra9MwJ
— Waves 🌊 (@wavesprotocol) October 14, 2020
Solana focused on providing affordable layer-1 DeFi blockchain solutions, allowing developers to combine properties of blockchain and build a user experience similar to the web. Gravity Protocol, on the other hand, provides decentralized data oracles for cross-chain and off-chain communication. The integration between the two will make Solana available for data transfers between the Gravity Protocol participants.
Commenting on the integration with Solana, Waves CTO and Gravity Protocol Co-Founder Alexey Pupyshev said that the integration makes Gravity a more enriched network for developers. Alexey further added that this would “enable the developers to create universally connected dApps, with more opportunities for practical implementation and mass adoption of DeFi.”
Waves further mentioned that the integration would enable Solana to work in conjunction with data and oracle providers and other blockchains integrated on the Gravity Protocol. This will not only help it improve its utility but also introduce its native SOL token to various networks. Also, data providers on Waves, including data aggregators, cross-chain transfer enablers, staking enablers, and crypto trackers, will now be able to transfer data to the Solana network from the internet.
