Institutional Adoption Recap: 5 Ways Chainlink Drove the Adoption of Onchain Finance in 2023

**Chainlink's core infrastructure is now live on Monad mainnet from day one**, bringing CCIP, Data Streams, and Price Feeds to the new blockchain. **15+ DeFi protocols** across the Monad ecosystem are already integrating these services at launch, enabling: - Cross-chain application development - Reliable, low-latency data access - Secure DeFi protocol operations This represents a significant milestone for Monad's ecosystem, providing developers with **battle-tested oracle infrastructure** from the network's launch. The integration builds on previous testnet deployment, showing continued collaboration between the two platforms. The launch positions Monad developers to create **advanced cross-chain applications** with enterprise-grade data reliability from day one.

**Chainlink expanded its reach this week with 14 new integrations** spanning 5 services and 11 different blockchain networks. The integrations covered major chains including: - **Aptos, Arbitrum, Avalanche, Base** - **Bitcoin, Bittensor EVM, ChaosChain** - **HyperEVM, Injective EVM, Solana, Tron** **Notable new partners include:** - @alloc8_xyz and @bittensor - @Ch40sChain and @Ducatstable - @HastraFi and @HelixMarkets - @injective and @PanoraExchange - @spicenet and @usduc_official This week's activity shows **consistent adoption** compared to previous weeks, maintaining steady growth across diverse blockchain ecosystems. [Explore the complete Chainlink ecosystem](https://www.chainlinkecosystem.com/)

**Private smart contracts represent the last major component** needed to fully integrate blockchain technology with traditional financial systems, according to Chainlink co-founder Sergey Nazarov. **Key developments:** - Chainlink Confidential Compute enables institutions to create private smart contracts on any blockchain - The Chainlink Runtime Environment (CRE) provides the infrastructure foundation - Major financial institutions require privacy for counterparties, deal terms, and sensitive data **Why this matters:** Over 80% of global financial activity happens off-exchange and requires confidentiality. Traditional capital markets depend on private identity verification, compliance checks, and secure data access. **What Chainlink Confidential Compute unlocks:** - Private transactions with verifiable defaults - Confidential access to data, APIs, and identity providers - Privacy-preserving tokenization and cross-chain settlement - Platform-level privacy for institutional-grade operations This technology addresses the fundamental privacy requirements that have prevented large-scale institutional adoption of blockchain infrastructure in traditional finance.

**Hastra**, a new DeFi platform backed by Figure (a $19B+ home equity lender), has integrated **Chainlink as its official oracle infrastructure**. The partnership enables Hastra to deliver high-integrity data for its yield products including: - wYLDS - PRIME - Additional yield primitives on Solana **Key benefits:** - Reliable price feeds and data standards - Cross-Chain Interoperability Protocol (CCIP) support - Future multi-chain expansion capabilities This integration strengthens Hastra's position in the Solana DeFi ecosystem by providing institutional-grade data infrastructure for its yield-generating products.

**Injective EVM** has launched its mainnet with **Chainlink Data Streams** as the preferred oracle solution from day one. Key developments: - Injective's flagship DEX **Helix Markets** is upgrading to Data Streams - The integration will power onchain perpetual markets - This marks another major adoption of Chainlink's real-time oracle technology The move follows similar integrations with other high-performance chains, positioning Data Streams as a critical infrastructure component for next-generation DeFi platforms requiring low-latency price feeds.