- Chainlink's Product Launch on Base
- Chainlink's Role in Asset Management and Transparency
- Further Chainlink Integrations
Chainlink has officially launched two of its flagship products, Chainlink Data Streams and Chainlink VRF, on the growing layer-2 blockchain Base, incubated by Coinbase and secured by Ethereum.
Chainlink's Product Launch on Base
Chainlink Data Streams offers an advanced data solution tailored for the DeFi market. The product integrates low-latency market data with automated execution, facilitating a new era of high-throughput, user-friendly DeFi products. Data Streams ensures seamless user experiences similar to those provided by centralized exchanges (CEXs), while simultaneously ensuring top-notch security and on-chain execution speed. Chainlink VRF processed over 21 million request transactions across various blockchains, and 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.
Chainlink's Role in Asset Management and Transparency
Superstate, an asset management firm, integrated Chainlink's infrastructure into its Superstate Short Duration US Government Securities Fund (USTB) earlier this week. 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, 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.
Further Chainlink Integrations
Chainlink’s Proof of Reserve has already 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 opens new opportunities for DeFi developers and strengthens Chainlink's position in asset management and transparency.
