Chainlink, Avalanche, and GMX have come together to introduce Chainlink Data Streams on the Avalanche blockchain, combining decentralized computing and oracle protocol with Avalanche's layer one (L1) blockchain technology, and GMX's decentralized exchange. This collaboration aims to enhance the speed and security of transactions on decentralized finance (defi) platforms by utilizing low-latency market data.
According to information shared with Bitcoin.com News, the partnership between the three teams seeks to achieve a level of performance comparable to traditional centralized exchanges through high-throughput transactions enabled by Chainlink Data Streams. By integrating with GMX, trading speeds and efficiency are expected to improve significantly, while leveraging Chainlink's infrastructure ensures secure and continuous market data delivery.
GMX's utilization of the new tool on its V2 platform has already shown enhancements in trading capabilities and system strength. The technology is anticipated to strengthen the Avalanche network by providing developers and traders with better data access and faster execution speeds. Johann Eid, the chief business officer at Chainlink Labs, emphasized that Data Streams offer unmatched speed and reliability, allowing defi protocols to deliver ultra-fast, high-throughput products while upholding the security standards of onchain finance.
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