- Launch of Chainlink Data Streams
- Updates on Chainlink VRF
- Chainlink's Role in Asset Management and Transparency
Chainlink has officially launched its Data Streams and VRF products on the growing layer-2 blockchain Base, incubated by Coinbase and secured by Ethereum.
Launch of Chainlink Data Streams
Chainlink Data Streams offers an advanced data solution tailored for the DeFi market. It integrates low-latency market data with automated execution to facilitate a new era of high-throughput, user-friendly DeFi products. According to reports, Data Streams offers seamless user experiences similar to those provided by centralized exchanges (CEXs), while simultaneously ensuring top-notch security and on-chain execution speed.
Updates on Chainlink VRF
Chainlink VRF processed over 21 million request transactions across various blockchains. The latest VRF v2.5 upgrade introduces several enhancements, including more efficient billing, improved gas consumption prediction, and an enhanced user experience for future upgrades. Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, stated: "Base's builder-friendly environment is a natural fit for Chainlink products. Chainlink Data Streams will enable developers to craft the next generation of DeFi products, and VRF will support secure random number generation for smart contracts on Base."
Chainlink's Role in Asset Management and Transparency
There have been multiple integrations with Chainlink recently. Earlier this week, Superstate, an asset management firm, integrated Chainlink's infrastructure into its Superstate Short Duration US Government Securities Fund (USTB). This integration aims to enhance the transparency and utility of USTB, a tokenized treasury fund, by providing real-time net asset value (NAV) data through Chainlink’s decentralized oracle technology. Additionally, 21Shares US LLC, an affiliate of 21Shares AG, has integrated Chainlink's Proof of Reserve on the Ethereum mainnet to improve the transparency of its Core Ethereum ETF (CETH). This move aims to offer clear visibility into the Ethereum reserves backing the ETF, bolstering investor confidence. Furthermore, Chainlink's Proof of Reserve has been adopted by several major financial institutions, including Bancolombia Group's Wenia and international banks like BNY Mellon and Citi.
The launch of Chainlink Data Streams and VRF on the Base blockchain offers significant benefits for the DeFi market and asset management, enhancing transparency and data processing efficiency.
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