{"id":168175,"date":"2024-06-27T17:44:21","date_gmt":"2024-06-27T17:44:21","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=168175"},"modified":"2024-06-27T17:44:24","modified_gmt":"2024-06-27T17:44:24","slug":"chainlink-brings-real-time-data-streams-to-avalanche-teams-up-with-gmx","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/chainlink-brings-real-time-data-streams-to-avalanche-teams-up-with-gmx\/","title":{"rendered":"Chainlink Brings Real-Time Data Streams to Avalanche, Teams Up with GMX"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">Chainlink, Avalanche, and GMX have launched <strong>Data Streams<\/strong> on Avalanche&#8217;s mainnet, <strong>enhancing DeFi with high-frequency, low-latency market data.<\/strong><\/li>\n<li style=\"text-align: justify\">Data Streams uses a pull-based model for <strong>dApps to efficiently access real-time data<\/strong>, crucial for platforms like GMX on Avalanche.<\/li>\n<li style=\"text-align: justify\"><strong>It strengthens DeFi protocols by offering high security and performance,<\/strong> benefiting Avalanche with fast and efficient executions.<br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><a href=\"https:\/\/crypto-economy.com\/chainlink\/\" target=\"_blank\" rel=\"noopener\">Chainlink<\/a>, in collaboration with Avalanche and GMX, has <a href=\"https:\/\/www.prnewswire.com\/news-releases\/chainlink-data-streams-is-live-on-avalanche-mainnet-with-gmx-v2-302184363.html\" target=\"_blank\" rel=\"noopener\">announced<\/a> the launch of Chainlink Data Streams on Avalanche&#8217;s mainnet<\/strong>, a significant advancement in expanding high-speed and secure DeFi products. This new tool allows decentralized applications (dApps) to <strong>access high-frequency market data with low latency<\/strong>, backed by Chainlink&#8217;s neutral and proven infrastructure.<!--more--><\/p>\n<p style=\"text-align: justify\">Data Streams represents the next revolution in blockchain oracles, adopting <strong>a pull-based model that enables dApps to efficiently and securely obtain real-time market data<\/strong>. This approach is crucial for platforms like GMX, a perpetual futures exchange on Avalanche, which relies on<strong> accurate and fast data to facilitate uninterrupted financial transactions.<\/strong><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ <a href=\"https:\/\/twitter.com\/hashtag\/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Chainlink<\/a> Data Streams is now live on <a href=\"https:\/\/twitter.com\/avax?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@avax<\/a> with <a href=\"https:\/\/twitter.com\/GMX_IO?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@GMX_IO<\/a> V2.<\/p>\n<p>How Data Streams levels up GMX\u2019s DeFi perps with high-throughput market data and automated execution \ud83e\uddf5<a href=\"https:\/\/t.co\/dHChR2vSzR\" target=\"_blank\">https:\/\/t.co\/dHChR2vSzR<\/a> <a href=\"https:\/\/t.co\/2kUD2b5uuL\" target=\"_blank\">pic.twitter.com\/2kUD2b5uuL<\/a><\/p>\n<p>&mdash; Chainlink (@chainlink) <a href=\"https:\/\/twitter.com\/chainlink\/status\/1806360372749672779?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 27, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">According to Johann Eid, Chief Business Officer at Chainlink Labs, the launch strengthens DeFi protocols&#8217; ability to <strong>offer high-performance products while maintaining the characteristic security of on-chain finance<\/strong>. Eid highlighted that Data Streams will allow Avalanche and its associated projects to <strong>significantly enhance user experience<\/strong> through fast and efficient executions.<\/p>\n<h2>Chainlink Continues to Empower its Ecosystem<\/h2>\n<p style=\"text-align: justify\">Lydia Chiu, Senior Vice President of Business Development at Ava Labs, expressed enthusiasm for the integration of Data Streams into Avalanche, emphasizing that these low-latency market data and automated execution capabilities <strong>will enable unique performance within the <a href=\"https:\/\/crypto-economy.com\/avalanche-network\/\" target=\"_blank\" rel=\"noopener\">Avalanche<\/a> ecosystem.<\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-83109\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/04\/chainlink-1.jpg\" alt=\"Chainlink Desata la Actualizaci\u00f3n de VRF para Escalar la Aleatoriedad Verificable en Cadena\" width=\"825\" height=\"300\" \/><\/p>\n<p style=\"text-align: justify\">In addition to its impact on the DeFi sector, LINK continues to expand its capabilities day by day. Recently, i<strong>t has integrated with networks like Celo and Gnosis<\/strong>, expanding its utility across different blockchains and promoting interoperability and efficiency in the use of data and computational resources.<\/p>\n<p style=\"text-align: justify\">Simultaneously, Chainlink has also <strong>made strides in the tokenization of real assets, such as the real estate sector<\/strong>, which could radically transform the accessibility and liquidity of traditionally illiquid assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Chainlink, Avalanche, and GMX have launched Data Streams on Avalanche&#8217;s mainnet, enhancing DeFi with high-frequency, low-latency market data. Data Streams uses a pull-based model for dApps to efficiently access real-time data, crucial for platforms like GMX on Avalanche. It strengthens DeFi protocols by offering high security and performance, benefiting Avalanche with fast and efficient &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Chainlink Brings Real-Time Data Streams to Avalanche, Teams Up with GMX\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/chainlink-brings-real-time-data-streams-to-avalanche-teams-up-with-gmx\/#more-168175\" aria-label=\"More on Chainlink Brings Real-Time Data Streams to Avalanche, Teams Up with GMX\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":168177,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[110,70,74],"tags":[5511,4620,5332,5287],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/168175"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=168175"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/168175\/revisions"}],"predecessor-version":[{"id":168178,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/168175\/revisions\/168178"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/168177"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=168175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=168175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=168175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}