Umbrella Network

Umbrella Network is a community-owned oracle that provides verified, decentralized real-world data for blockchain. It ensures data is securely accessed by smart contracts, emphasizing the importance of reliable information for blockchain's future.

Umbrella Network offers decentralized and scalable oracles for a wide range of data points, including comprehensive price feeds for the entire crypto market, encompassing both major and lesser-known crypto assets. Additionally, Umbrella Network's oracles can retrieve any data available via API, such as stock prices, real-world assets (RWA), sports data, and more. This extensive data coverage ensures that users have access to a diverse array of information to meet their specific needs.

The oracles provided by Umbrella Network are designed to deliver rich and detailed data points. They cover thousands of cryptocurrencies, including crypto options data, stock market information, volatility data, and beyond. This breadth of data allows for the creation of custom feeds tailored to unique requirements, enhancing the utility and versatility of the network.

Umbrella Network operates as a Layer-2 solution, distinguishing itself as a community-owned, decentralized oracle system. It employs a network of validators to fetch, calculate, and agree on data feeds off-chain. This decentralized approach ensures data integrity and security while maintaining efficiency and scalability.

A significant challenge with many existing oracle solutions is their reliance on Layer-1 infrastructure for all operations, including logic, storage, and transmission. This architecture results in each data point being processed as a separate transaction, leading to substantial costs that can render practical usage prohibitively expensive or even infeasible. Umbrella Network addresses this issue by offloading these processes to Layer-2, reducing costs and improving the feasibility of using oracles in various blockchain applications.

Through its innovative approach, Umbrella Network provides a robust, cost-effective, and comprehensive oracle solution that enhances the functionality and efficiency of decentralized applications, making it a critical component of the evolving blockchain ecosystem. Umbrella Network also supports multiple blockchains, including Ethereum, Solana, Polygon, and several others.