Chainlink brings data feeds to Bitcoin L2 Spiderchain

Ethereum’s major oracle provider is making moves in the growing ecosystem of BTCFi

article-image

CryptoFX/Shutterstock modified by Blockworks

share


This is a segment from the 0xResearch newsletter. To read full editions, subscribe.


Ethereum’s major oracle provider, Chainlink, is making moves in the growing ecosystem of BTCFi (Bitcoin Finance).

Botanix Labs, the team behind the EVM-compatible Bitcoin L2 Spiderchain, is integrating Chainlink’s data feeds to allow inter-blockchain communication to the world of EVM.

As part of the partnership, Botanix is participating in Chainlink Scale, a gas grant program that Chainlink offers to onboarded blockchains to initially cover the operating costs of their oracle networks.

Spiderchain is also integrating Chainlink’s cross-chain interoperability protocol (CCIP), which serves to enable programmable token/data transfers across different blockchains.

Johann Eid, chief business officer at Chainlink Labs, said “Botanix is the first Bitcoin layer-2 to join Scale, a significant step in helping its developers to build secure, scalable and fully-featured dapps on Bitcoin.” 

Like other players in the BTCFi space, Spiderchain strives to unlock the use of BTC natively on the thousands of EVM-compatible dapps today.

Spiderchain explicitly eschews Bitcoin’s non-fungible UTXO (unspent transaction output) model while embracing Ethereum’s nimbler “account model.”

It’s a slow redefinition of what Bitcoin is traditionally known for. Bitcoin’s dominant narrative is being a digital gold-like “reserve” asset due to the blockchain’s lack of smart contract compatibility.

Spiderchain derives its name from its chain’s design. According to Botanix’s docs, the chain is a permissionless set of “distributed network of multisigs, safeguarded by a randomized subset of participants,” known as orchestrators.

Orchestrators deposit BTC into the multisig wallets as a kind of escrow bond to participate in consensus, and run a Bitcoin and Spiderchain node simultaneously.

A decentralized sequencer will be used from day one of Spiderchain’s launch. By leveraging Bitcoin’s Taproot upgrade, Spiderchain is also able to accommodate a larger network of multisigs on the Bitcoin parent chain as is, without requiring any soft forks.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research

article-image

Bitcoin needs a price, but its magic runs deeper

article-image

Circle had a pretty successful first day of trading, but what’s next for the stablecoin issuer?

article-image

Solana’s USDC caught a boost after being paired with the TRUMP memecoin

article-image

The stablecoin issuer’s successful first day of trading is likely to spur more crypto IPOs, industry watchers say

article-image

Job openings rallied and continuing claims stalled ahead of May’s employment report

article-image

A group of Twitch streamers battle for bitcoin. Will their chats help them?