Umbrella Network Expands Multichain Architecture to Avalanche

Umbrella’s new Multichain smart contract is now live on AVAX. Our new architecture makes it possible to adjust to the needs of each blockchain, and as we continue to extend our direct integration to support each of the chains we support, we can continue to bring those benefits to each ecosystem.

In the AVAX ecosystem, Umbrella will be updating all data points once every minute, which is for major price pairs like AVAX-USD, twice as frequent as that provided by other major oracle services

With more accurate data comes better service for end-users. Over 400 projects on AVAX will now have access to our entire dataset with high frequency for a reasonable monthly flat fee. This allows for more predictable budgeting, and less surprises, in times of high market fluctuation when using deviation threshold based oracles.

And if the data-feed you need is not currently available in our current oracles, don’t worry, we can set it up and add it easily and quickly to our price feeds.

All you need for your Web3 dApp at a fraction of the cost: security, potentially unlimited data points and high frequency.

About Umbrella Network

Umbrella Network is a scalable, decentralized, and community-owned oracle that utilizes Layer 2 technology to integrate real-time data into smart contracts for accurate and timely reports. Umbrella Network brings the world’s data to blockchains to enable DeFi applications to perform at the optimum level regarding precise information dissemination. It believes a decentralized oracle is paramount to creating a truly decentralized financial space.

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