Chainlink has introduced the Data Streams solution, providing access to stock market data in real-time. This opens new horizons for crypto protocols to interact with traditional markets.
Oracle Infrastructure for Stock Market Data
Launched on August 4, Chainlink's Data Streams now offers real-time data on major US stocks and ETFs. Available data includes:
* OHLC values; * Volumes; * Critical metadata such as trading hours and market halts.
These data are available on over 37 crypto blockchains and are designed to integrate with smart contracts. As Chainlink states:
> "These data streams enable developers to create advanced on-chain applications using secure, low-latency market data for tokenized assets."
New Playground for DeFi with US Stocks
Leading DeFi protocols like GMX and Kamino are already integrating Chainlink market data for tokenized stocks. This allows the creation of products indexed to real values. The data streams reduce access delays to milliseconds, meeting the demands of DeFi traders. Protocols can now develop collateralization or insurance mechanisms on stocks like Apple or Nvidia.
Potential for RWA and New Use Cases
The real-world asset (RWA) market is currently valued at 275 billion dollars and is projected to reach 30 trillion dollars by 2030. Chainlink positions itself as a technical gateway between the crypto world and traditional finance, laying the foundation for a tokenized ecosystem. Proposed use cases include:
* Creation of tokenized ETFs from US stocks; * Loans with dynamic collateralization on tokenized assets; * Automated arbitrage mechanisms between real and synthetic prices.
Chainlink Data Streams lay the groundwork for deeper integration between the crypto and traditional markets, unlocking new opportunities for blockchain-based financial product development.
