- Launch of Chainlink Data Streams and VRF
- Chainlink’s Role in Asset Management and Transparency
- Thodoris Karakostas on the Significance of the Integration
Chainlink has officially launched two of its flagship products, Data Streams and VRF, on Base, a growing layer-2 blockchain incubated by Coinbase and secured by Ethereum.
Launch of Chainlink Data Streams and VRF
Chainlink Data Streams offers an advanced data solution tailored for the DeFi market. The new product integrates low-latency market data with automated execution to streamline high-throughput DeFi products. Data Streams ensures a seamless user experience similar to centralized exchanges while maintaining high security and on-chain execution speed. Chainlink VRF has processed over 21 million request transactions across various blockchains, and the latest VRF v2.5 upgrade brings improvements in billing efficiency, gas consumption prediction, and enhanced user experience.
Chainlink’s Role in Asset Management and Transparency
There have been multiple integrations involving Chainlink recently. 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 by providing real-time net asset value (NAV) data through Chainlink’s decentralized oracle technology. Additionally, 21Shares US LLC has integrated Chainlink’s Proof of Reserve on the Ethereum mainnet to enhance the transparency of its Core Ethereum ETF (CETH), providing clear visibility into the Ethereum reserves backing the ETF and boosting investor confidence. 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.
Thodoris Karakostas on the Significance of the Integration
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 continues to expand its product offerings and integrations with the launch of Data Streams and VRF on the Base platform, providing secure and efficient solutions for DeFi and asset management.
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