Chainlink (CRYPTO:LINK), Avalanche (CRYPTO:AVAX), and GMX (CRYPTO:GMX) have announced the launch of Chainlink Data Streams on Avalanche's mainnet, with GMX utilising it to enhance its decentralised perpetual exchange.
This integration marks a significant advancement in DeFi infrastructure by providing on-demand access to low-latency market data via Chainlink's robust and decentralised oracle network.
Data Streams enables high-frequency market data delivery, enhancing the speed and user experience of DeFi products on Avalanche, akin to centralised exchanges (CEXs), but with the security and decentralisation of blockchain technology intact.
Johann Eid from Chainlink emphasised the solution's capability to support ultra-fast DeFi products while maintaining security standards.
Avalanche's Lydia Chiu highlighted the benefits of Chainlink's oracle for the ecosystem, emphasising its role in achieving top performance.
GMX expressed enthusiasm for integrating Data Streams, enhancing trading efficiency and resilience for Avalanche users.