Chainlink Launches Data Streams for U.S. Equities, Potentially Enhancing LINK and DeFi Integration
Main Idea
Chainlink has launched Data Streams to provide real-time market data for U.S. equities and ETFs across 37 blockchain networks, enhancing DeFi integration with traditional finance and driving a 4% increase in LINK's price.
Key Points
1. Chainlink’s Data Streams deliver decentralized, high-throughput market data for major U.S. equities and ETFs, integrated with over 37 blockchain networks.
2. Leading DeFi protocols like GMX and Kamino are adopting Chainlink’s Data Streams to expand tokenized asset offerings, potentially increasing DeFi’s total value locked (TVL).
3. The launch of Data Streams led to a 4% price increase for LINK, Chainlink’s native token, reflecting market confidence in the innovation.
4. Chainlink’s Data Streams aim to bridge traditional finance and DeFi, enabling more accurate pricing and expanding the scope of tokenized assets.
5. Experts, including Jone Ze from GMX, highlight that this infrastructure could attract institutional participants and drive broader DeFi adoption.
Description
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