Hassan Maishera
Chainlink announced via a blog post on Friday that it has launched Chainlink State Pricing, a new pricing methodology optimized for long-tail crypto assets and tokenized assets that predominantly trade on decentralized exchanges (DEXs).
This new methodology for asset pricing delivers best-in-class price accuracy, market resilience, and liquidity assessment for assets that have limited trading volume on centralized exchanges (CEXs) but notable onchain liquidity.
Chainlink State Pricing is currently available on mainnet as a push-based oracle solution via Chainlink Data Feeds or as a pull-based oracle solution via Chainlink Data Streams. The initial launch supports State Pricing for a variety of assets, such as wstETH, GHO, LBTC, cbBTC, ezETH, tBTC, and more, with coverage actively expanding to more assets, blockchains, and DEXs based on user demand. Top DeFi protocols are already supporting Chainlink State Pricing, including Aave, Lido, GMX, and Curve.
State Pricing complements the existing asset pricing methodologies on the Chainlink data standard, including volume-weighted average (VWAP) trade pricing and liquidity-weighted bid/ask (LWBA) pricing.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 3.5% over the past 24 hours, trading at $16.52.
