The Asgard Mainnet Upgrade is now live, marking an important developmental milestone for Chromia. This upgrade strengthens Chromia’s position as a Layer-1 relational dapp platform while also laying the foundation for new possibilities in decentralized finance, AI-enabled applications, and several other verticals.
The Power of Chromia Extensions
With the Asgard Upgrade, Chromia has introduced Chromia Extensions, a modular system that allows applications to seamlessly implement specialized features while enhancing the platform's core strengths, including its relational data architecture, modular design, and gas-free experience for end users. This innovation transforms Chromia into a more versatile ecosystem, enabling developers to create applications tailored to specific use cases while leveraging the unique capabilities of our core technology.
Oracle Extension: Real-Time Data for DeFi
View the public Oracle Extension demo here.
The first Extension to launch is the Oracle Extension, delivering fully on-chain, real-time price feeds that update approximately once per second. This is a game-changer for DeFi development on Chromia, enabling the creation of decentralized exchanges, lending platforms, and other financial applications that require reliable and up-to-date data.
This addition coincides with a number of other initiatives that are underway. These include integration with centralized exchanges and cross-chain wallets, and programs that will promote asset migration to Chromia Network.
The end goal of these combined developments and efforts is simple: strengthen Chromia’s connection to the broader cryptocurrency ecosystem, while growing network activity and TVL.
On Deck: the AI Inference Extension
Work is already underway on the AI Inference Extension, set for release in Q1 2025, which will enable developers to execute AI models using hybrid on/off-chain computation powered by Chromia’s decentralized provider network.
By combining Chromia’s relational architecture with computational capabilities, this Extension opens up transformative opportunities for AI-driven applications while also offering adaptability for other data-intensive use cases that require robust processing power.
What’s Next?
The public demo of the Oracle Extension showcases the ability to deliver real-time, on-chain price feeds for DeFi applications. Several projects are already integrating the Extension, with new applications expected to launch in the coming weeks and months.
The introduction of Extensions marks a pivotal moment for the platform, providing developers with powerful tools to create tailored, high-performance applications. The Asgard Upgrade sets the stage for a more versatile and dynamic ecosystem, unlocking opportunities for innovation and growth across multiple sectors. Let’s go!
About Chromia
Chromia is a Layer-1 relational blockchain platform that uses a modular framework to empower users and developers with dedicated dapp chains, customizable fee structures, and enhanced digital assets. By fundamentally changing how information is structured on the blockchain, Chromia provides natively queryable data indexed in real-time, challenging the status quo to deliver innovations that will streamline the end-user experience and facilitate new Web3 business models.
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