- The Chainlink Data Streams has been integrated on the Flex perpetual platform to power the trading of tokenized US equities market.
- Data Streams was recently unveiled to provide real-time streams for major US stocks and ETFs.
Flex Perpetual, a cutting-edge decentralized perpetual protocol with cross margins, has recently announced its integration of Chainlink’s Data Streams for Real World Assets (RWAs). This strategic partnership aims to enhance the trading experience on Flex by delivering low-latency and highly accurate pricing data to users.
One of the key highlights of this integration is the utilization of Data Streams to power the tokenized equities markets on Flex, including popular stocks like AAPL, MSTR, NVDA, and TSLA. By bridging the gap between traditional finance and decentralized finance, Chainlink and Flex are paving the way for innovative trading opportunities.
The sub-second market data provided by Data Streams plays a crucial role in facilitating opening and closing positions, funding rate calculations, and liquidation logic on Flex. As one of the first perpetual exchanges to integrate Chainlink Data Streams for real-world assets, Flex is set to revolutionize the trading of tokenized equities.
Traders on Flex can now access highly secured tokenized equities with up to 5x leverage and cross-margin support, all without the need for Know-Your-Customer (KYC) verification. This seamless trading experience is designed to cater to both experienced and novice traders in the crypto space.
In addition to Flex, Jupiter has also integrated Chainlink’s Data Streams into their perpetual markets, further expanding the reach of this innovative solution.
Exploring Chainlink’s Data Streams
Chainlink’s Data Streams solution, which was recently expanded to include real-time streams for major US stocks and ETFs, offers a comprehensive suite of data for traders and investors. In addition to crypto data such as volumes and OHLC values, Data Streams aggregates data from various sources to ensure uptime and reliability.
With Data Streams now live on 37 blockchain networks, industry experts like Thomas Short, co-founder of Kamino, have praised its seamless user experience and robust security features. The collaboration between Kamino and GMX to unlock new trading opportunities underscores the potential of Data Streams in the tokenized asset market.
According to Johann Eid, Chief Business Officer at Chainlink Labs, the integration of Data Streams in tokenized markets represents a significant advancement in decentralized finance. Jone Zee from GMX Communications also emphasizes the importance of reliable data in enabling perpetual markets for a wide range of high-quality assets.
The integration of Chainlink Data Streams for equities and ETFs marks a significant milestone in providing decentralized, institutional-grade pricing infrastructure for expanding DeFi beyond crypto-native assets. By leveraging the Chainlink data standard, perpetual markets can be created for a broader range of assets, meeting the demands of both users and issuers.
Prior to its integration with the US Equity market, Chainlink had launched Data Streams on the Scroll mainnet to provide developers with access to low-latency market data. Additionally, collaborations with blockchain projects like Monad demonstrate Chainlink’s commitment to enhancing Oracle services and expanding the reach of Data Streams.