5 days ago
Chainlink has introduced a caller merchandise called Data Streams, which delivers unrecorded pricing information for large US equities and exchange-traded funds (ETFs) straight onto blockchain networks.
According to an Aug. 4 statement, Data Streams is designed to connection live, low-latency information connected large US stocks and ETFs, including fashionable assets similar SPY, QQQ, NVDA, AAPL, and MSFT.
These information streams are present unrecorded crossed 37 blockchain networks, enabling the instauration of innovative use-cases specified arsenic tokenized banal trading, perpetual futures, and synthetic ETFs.
Chainlink’s information stream
Data Streams aggregate real-time information from aggregate superior and backup sources to guarantee continuous uptime. This accusation is processed done Chainlink’s decentralized oracle networks (DONs) and delivered on-chain utilizing a structured format.
Importantly, each information constituent is timestamped, allowing platforms to differentiate betwixt caller and outdated prices. This diagnostic besides supports the automatic suspension of trading during marketplace closures, ensuring that trading is paused during off-hours.
These innovations alteration developers to physique precocious fiscal products similar perpetual contracts, lending and borrowing platforms, synthetic ETFs, and different analyzable fiscal instruments.
With the RWA market projected to scope $30 trillion by 2030, this infrastructure is becoming progressively captious for ensuring information and scalability successful tokenized equity markets.
Chainlink’s Chief Business Officer, Johann Eid, remarked that Data Streams are indispensable successful bridging the spread betwixt accepted concern and blockchain technology.
According to him:
“This is simply a important leap guardant for tokenized markets—closing a captious spread betwixt accepted concern and blockchain infrastructure.”
Notably, apical DeFi protocols similar GMX and Kamino Finance person already adopted Data Streams.
Speaking connected the integration, Kamino Finance’s co-founder, Thomas Short, emphasized that Data Streams would assistance the level heighten its idiosyncratic acquisition by providing a seamless interface portion maintaining spot and information crossed supported projects.
He added:
“The motorboat of Data Streams for US equities and ETFs is simply a captious milestone toward a genuinely composable onchain fiscal strategy that matches the standard and sophistication of accepted markets.”
The station Chainlink launches real-time US equities information watercourse connected 37 blockchains appeared archetypal connected CryptoSlate.
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