Company
Date Published
Author
Kemal El Moujahid
Word count
1802
Language
English
Hacker News points
None

Summary

Chainlink has launched Chainlink Data Streams, a low-latency oracle solution designed to enhance DeFi applications by providing real-time market data and automating trade execution on the Arbitrum mainnet. This innovation allows decentralized applications to access high-frequency data, thereby improving user experience and maintaining Web3 values of transparency and security. By integrating Chainlink Data Streams, DeFi protocols can offer faster settlement times, reduced fees, and protection against issues like frontrunning. GMX, a leading decentralized perpetual exchange, has already adopted Data Streams to enhance its trading capabilities, showcasing the potential for DeFi derivatives to rival centralized exchanges. The introduction of Data Streams marks a significant development for the DeFi sector, enabling advanced risk management and supporting various use cases such as perpetual futures, options, and prediction markets. Chainlink is also working on a payment system to ensure the long-term economic sustainability of its services, allowing payments in LINK and alternative assets.