Chainlink Data Streams delivers on-demand access to
low-latency market data backed by Chainlink's battle-tested and
credibly-neutral infrastructure
SAN
FRANCISCO, June 27, 2024 /PRNewswire/
-- Chainlink, the industry-standard decentralized
computing platform, Avalanche, a leading blockchain platform
designed for speed, scalability, and security, and GMX, a leading
onchain perpetual and spot exchange that offers deep, liquid
markets for many top crypto assets, have today
announced that Chainlink Data Streams has officially launched on
Avalanche, with GMX as a launch partner using Data Streams to help
power its decentralized perpetual exchange. Chainlink
Data Streams unlocks a new generation of high-throughput
DeFi markets on Avalanche.
Chainlink Data Streams is the all-in-one data solution for the
DeFi market, combining low-latency market data and
automated execution to unlock a new generation of ultra-fast and
user-friendly high-throughput DeFi products. By
supplying high-frequency market data using robust,
decentralized infrastructure, Data Streams enables
high-throughput DeFi products to create a seamless
user experience comparable to CEXs while providing unprecedented
onchain execution speed and battle-tested security
infrastructure.
"We're pleased to help power the next generation of
high-throughput DeFi products on Avalanche through
Chainlink Data Streams," said Johann
Eid, Chief Business Officer at Chainlink Labs. "By offering
unmatched speed and resiliency, Data Streams enable
DeFi protocols to provide ultra-fast, high-throughput
DeFi products while maintaining the high-security
guarantees of onchain finance."
With Chainlink Data Streams, dApps have on-demand
access to high-frequency market data backed by
decentralized and time-tested Chainlink
infrastructure. Chainlink Data Streams features a low-latency,
pull-based oracle that provides a continuous stream of real-time
market data, allowing dApps to pull information at any
time.
"We're excited to see Chainlink's low-latency oracle solution on
Avalanche," said Lydia Chiu, Senior
Vice President of Business Development at Ava Labs. "Chainlink Data
Streams' low-latency market data and automated execution enable
Avalanche ecosystem projects to provide users with industry-leading
performance facilitated by decentralized, credibly
neutral Chainlink infrastructure."
"GMX's Data Streams integration on Avalanche mainnet is all
about expanding the success of our GMX V2 launch," said Coinflip,
core contributor at GMX. "Chainlink Data Streams has meaningfully
contributed to the decentralized exchange's speed and
resiliency, and we're excited to bring those same benefits to all
the traders and liquidity providers in the Avalanche
community."
If you'd like a deep dive into how Chainlink Data Streams works,
read Chainlink's blog post. If you're a developer and want to start
building with Chainlink Data Streams, check out the developer docs
and demo the reference application.
About Chainlink
Chainlink is the industry-standard
decentralized computing platform powering the
verifiable web. Chainlink has enabled over $12 trillion in transaction value by providing
financial institutions, startups, and developers worldwide with
access to real-world data, offchain computation, and secure
cross-chain interoperability across any blockchain. Chainlink
powers verifiable applications and high-integrity markets for
banking, DeFi, global trade, gaming, and other major
sectors.
Learn more about Chainlink by visiting chain.link or
reading the developer documentation at docs.chain.link.
About Avalanche
Avalanche is a smart contracts
platform that scales infinitely and regularly finalizes
transactions in less than one second. Its novel consensus protocol,
Subnet infrastructure, and HyperSDK toolkit enable Web3 developers
to easily launch powerful, custom blockchain solutions. Build
anything you want, any way you want, on the eco-friendly blockchain
designed for Web3 devs.
Website | Whitepapers | Twitter | Discord
| GitHub | Documentation | Telegram | Facebook
| LinkedIn | Reddit | YouTube
About GMX
GMX is a leading onchain perpetual and spot
exchange that offers deep, liquid markets for many top
crypto assets. With its composable liquidity pools
offering market-leading APRs and more than 100 DeFi
integrations, GMX forms a foundational liquidity base layer for the
Avalanche and Arbitrum blockchains.
gmx.io | Twitter | Telegram | Announcements | Discord
| News Blog | GitHub | Docs
View original content to download
multimedia:https://www.prnewswire.com/news-releases/chainlink-data-streams-is-live-on-avalanche-mainnet-with-gmx-v2-302184363.html
SOURCE Chainlink; Avalanche; GMX