Chainlink has launched a brand new product known as Information Streams, which delivers reside pricing information for main US equities and exchange-traded funds (ETFs) immediately onto blockchain networks.
In response to an Aug. 4 assertion, Information Streams is designed to supply reside, low-latency information on main US shares and ETFs, together with common property like SPY, QQQ, NVDA, AAPL, and MSFT.
These information streams are actually reside throughout 37 blockchain networks, enabling the creation of revolutionary use-cases similar to tokenized inventory buying and selling, perpetual futures, and artificial ETFs.
Chainlink’s information stream
Information Streams mixture real-time information from a number of main and backup sources to make sure steady uptime. This data is processed by way of Chainlink’s decentralized oracle networks (DONs) and delivered on-chain utilizing a structured format.
Importantly, every information level is timestamped, permitting platforms to distinguish between recent and outdated costs. This function additionally helps the automated suspension of buying and selling throughout market closures, making certain that buying and selling is paused throughout off-hours.
These improvements allow builders to construct superior monetary merchandise like perpetual contracts, lending and borrowing platforms, artificial ETFs, and different advanced monetary devices.
With the RWA market projected to succeed in $30 trillion by 2030, this infrastructure is turning into more and more very important for making certain safety and scalability in tokenized fairness markets.
Chainlink’s Chief Enterprise Officer, Johann Eid, remarked that Information Streams are important in bridging the hole between conventional finance and blockchain expertise.
In response to him:
“This can be a vital leap ahead for tokenized markets—closing a essential hole between conventional finance and blockchain infrastructure.”
Notably, prime DeFi protocols like GMX and Kamino Finance have already adopted Information Streams.
Talking on the combination, Kamino Finance’s co-founder, Thomas Quick, emphasised that Information Streams would assist the platform improve its person expertise by offering a seamless interface whereas sustaining belief and safety throughout supported tasks.
He added:
“The launch of Information Streams for US equities and ETFs is a essential milestone towards a really composable onchain monetary system that matches the dimensions and class of conventional markets.”
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