Chainlink has unveiled a groundbreaking solution for the equity market by launching 245 US equities data streams. This innovative approach aims to streamline fragmented market data into a cohesive and efficient format that can be utilized on-chain. The source reports that this development could significantly enhance the accessibility and usability of market data for various blockchain applications.
Introduction to New Data Streams
The new data streams are designed to convert traditional equity market data into continuous, cryptographically signed streams. Unlike conventional price feeds that provide periodic updates, Chainlink's model employs a pull-based system, which means pricing updates are delivered only when actual trades occur. This method not only enhances the accuracy of data but also supports high-frequency trading strategies.
Benefits of the Pull-Based Model
Moreover, the pull-based model helps in managing gas costs effectively, making it an attractive option for a variety of on-chain financial products. By ensuring that updates are only sent when necessary, Chainlink's solution is poised to improve the efficiency and reliability of trading operations in the blockchain space.
Earlier today, Bitget launched its new TradFi platform, bridging traditional finance and cryptocurrency trading. This development contrasts with Chainlink's recent introduction of US equities data streams. For more details, visit read more.
