Oracle network Chainlink has launched its Data Streams product on the Avalanche network. GMX, a decentralized perpetual futures trading platform, has taken the lead by using the real-world market data provided by Data Streams to power its perpetual futures protocol.
Chainlink’s Data Streams still verify the data onchain, but only when necessity calls for onchain verification — like the actual execution of a trade. “By offering unmatched speed and resiliency, Data Streams enable DeFi protocols to provide ultra-fast, high-throughput DeFi products while maintaining the high-security guarantees of onchain finance.”Chainlink continues to deploy its products across the blockchain landscape. In May, the oracle provider announced anMore recently, Chainlink’s Automation features and CCIP protocol