Chainlink has launched a brand new product known as Knowledge Streams, which delivers stay pricing information for main US equities and exchange-traded funds (ETFs) straight onto blockchain networks.
In accordance with an Aug. 4 assertion, Knowledge Streams is designed to supply stay, low-latency information on main US shares and ETFs, together with fashionable belongings like SPY, QQQ, NVDA, AAPL, and MSFT.
These information streams are actually stay throughout 37 blockchain networks, enabling the creation of revolutionary use-cases similar to tokenized inventory buying and selling, perpetual futures, and artificial ETFs.
Chainlink’s information stream
Knowledge Streams mixture real-time information from a number of main and backup sources to make sure steady uptime. This data is processed via Chainlink’s decentralized oracle networks (DONs) and delivered on-chain utilizing a structured format.
Importantly, every information level is timestamped, permitting platforms to distinguish between recent and outdated costs. This characteristic additionally helps the automated suspension of buying and selling throughout market closures, making certain that buying and selling is paused throughout off-hours.
These improvements allow builders to construct superior monetary merchandise like perpetual contracts, lending and borrowing platforms, artificial ETFs, and different complicated monetary devices.
With the RWA market projected to achieve $30 trillion by 2030, this infrastructure is turning into more and more important for making certain safety and scalability in tokenized fairness markets.
Chainlink’s Chief Enterprise Officer, Johann Eid, remarked that Knowledge Streams are important in bridging the hole between conventional finance and blockchain expertise.
In accordance with him:
“It is a important leap ahead for tokenized markets—closing a vital hole between conventional finance and blockchain infrastructure.”
Notably, high DeFi protocols like GMX and Kamino Finance have already adopted Knowledge Streams.
Talking on the combination, Kamino Finance’s co-founder, Thomas Brief, emphasised that Knowledge Streams would assist the platform improve its consumer expertise by offering a seamless interface whereas sustaining belief and safety throughout supported tasks.
He added:
“The launch of Knowledge Streams for US equities and ETFs is a vital milestone towards a really composable onchain monetary system that matches the size and class of conventional markets.”
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