- Introduction of Chainlink Data Streams
- Chainlink VRF Updates
- Integration of Chainlink with Other Projects
Chainlink officially launched two of its flagship products, Data Streams and VRF, on the Base blockchain, developed by Coinbase and secured by Ethereum.
Introduction of Chainlink Data Streams
Chainlink Data Streams offers an advanced data solution tailored for the DeFi market. According to a press release, the product integrates low-latency market data with automated execution, facilitating the creation of high-throughput, user-friendly next-generation DeFi products. Data Streams provides a seamless user experience similar to that of centralized exchanges while ensuring top-notch security and on-chain execution speed.
Chainlink VRF Updates
Chainlink VRF has processed over 21 million requests 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.
Integration of Chainlink with Other Projects
Recently, there have been multiple integrations with Chainlink. 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 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 the VRF update on the Base blockchain highlights the company's efforts to improve the performance and transparency of DeFi. These products offer high standards of security and usability, contributing to the growth and development of the decentralized finance market.
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