{"id":33205,"date":"2024-06-27T17:18:24","date_gmt":"2024-06-27T17:18:24","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/chainlink-launches-data-streams-product-on-avalanche-network\/"},"modified":"2024-06-27T17:18:24","modified_gmt":"2024-06-27T17:18:24","slug":"chainlink-launches-data-streams-product-on-avalanche-network","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/chainlink-launches-data-streams-product-on-avalanche-network\/","title":{"rendered":"Chainlink launches Data Streams product on Avalanche Network"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_Chainlink-5-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_Chainlink-5-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_Chainlink-5-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_Chainlink-5-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Chainlink launches Data Streams on Avalanche to enhance real-time data access.<\/li>\n<li>Data Streams introduces pull-based oracles for low-latency data retrieval.<\/li>\n<li>The new product adds to the expanding range of Chainlink\u2019s product offerings.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/chainlink\/what-is-chainlink\/\">Chainlink<\/a> has introduced an innovative product dubbed <a href=\"https:\/\/x.com\/chainlink\/status\/1806360372749672779\">Data Streams<\/a> on the Avalanche Network in partnership with GMX, a perpetual futures trading platform. This new product aims to revolutionize data handling for decentralized applications like GMX.<\/p>\n<p>By leveraging Chainlink\u2019s cutting-edge Data Streams, GMX will provide real-time, high-frequency market data essential for its decentralized futures exchange.<\/p>\n<h2>Chainlink\u2019s Data Streams introduces a \u201cpull-based\u201d model<\/h2>\n<p>Chainlink\u2019s Data Streams diverge from its traditional \u201cpush-based\u201d oracle systems, which routinely update data onchain at set intervals or when specific parameters are met. Instead, the Data Streams product employs a \u201cpull-based\u201d model that retrieves offchain market data on demand with minimal latency.<\/p>\n<p>The traditional push-based oracles are well-suited for numerous applications, but they can fall short in scenarios requiring rapid data updates. In contrast, the pull-based model of Data Streams ensures that data is verified onchain only when necessary, such as during the execution of a trade.<\/p>\n<p>The pull-based approach is particularly beneficial for platforms like GMX, where traders require instant access to raw, high-frequency price data.<\/p>\n<p>The new model not only enhances the speed and efficiency of data retrieval but also maintains the high-security standards essential for onchain finance.<\/p>\n<p>Johann Eid, Chief Business Officer at Chainlink Labs, emphasized the advantages of this new technology stating that by offering unmatched speed and resiliency, Data Streams enable DeFi protocols to provide ultra-fast, high-throughput DeFi products while maintaining the high-security guarantees of onchain finance.<\/p>\n<h2>Chainlink is continually expanding its product offerings<\/h2>\n<p>The deployment of Data Streams on the Avalanche Network is part of Chainlink\u2019s broader strategy to expand its product offerings across the blockchain landscape in 2024.<\/p>\n<p>Earlier this year, Chainlink <a href=\"https:\/\/coinjournal.net\/news\/celo-celo-blockchain-joins-chainlinks-scale-program\/\">announced<\/a> an integration with Celo to provide the Ethereum layer-2 network with its CCIP Interoperability Protocol.<\/p>\n<p>Additionally, Chainlink\u2019s Automation features and CCIP protocol were launched on the Gnosis network, enabling users to offload heavy computing tasks to the Chainlink network, potentially reducing gas fees by up to 90%.<\/p>\n<p>Chainlink is also making strides in asset tokenization. A notable partnership with Arta TechFin, a Hong Kong-based asset management firm, was announced to tokenize real estate, a traditionally illiquid asset class. The partnership will lower transaction costs and unlock liquidity, making commercial real estate investment accessible to a broader range of investors.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/chainlink-launches-data-streams-product-on-avalanche-network\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Chainlink launches Data Streams on Avalanche to enhance real-time data access. Data Streams introduces pull-based oracles for low-latency data retrieval. The new product adds to the expanding range of Chainlink\u2019s product offerings. Chainlink has introduced an innovative product dubbed Data Streams [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":33206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33205"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33205"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33206"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}