Hassan Maishera
Chainlink announced via X on Thursday that Chainlink Data Streams has officially launched on Avalanche, with GMX as a launch partner using Data Streams to help power its decentralized perpetual exchange. Chainlink Data Streams unlocks a new generation of high-throughput DeFi markets on Avalanche.
Chainlink Data Streams is the all-in-one data solution for the DeFi market, combining low-latency market data and automated execution to unlock a new generation of ultra-fast and user-friendly high-throughput DeFi products. Chainlink Data Streams enable high-throughput DeFi products to create a seamless user experience comparable to CEXs while providing unprecedented onchain execution speed and battle-tested security infrastructure, the team added.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 4% over the past 24 hours and is trading at $14.369 at press time.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is up by 9% so far today and currently trades at $28.05 per coin.
