Chainlink brings US stock data to a blockchain that operates 24/5.

This article is machine translated
Show original

Chainlink launches a US stock data infrastructure operating five days a week across more than 40 blockchains, serving an $80 trillion market Capital with 19 billion validated messages.

Chainlink , a leading global blockchain oracle provider, has announced the launch of Chainlink 24/5 US Equities Streams, a market data infrastructure that enables near-continuous access to US stock and ETF price information in an on-chain environment. This marks the first time decentralized finance protocols and blockchain services can access secure, continuous data for one of the world's largest asset classes, with a total market Capital of approximately $80 trillion.

This new product expands the Chainlink Data Streams portfolio and is designed to support blockchain products tied to US stocks, including Derivative contracts, synthetic stocks, and Tokenize real-equity asset products. The solution has now been deployed on over 40 blockchains, marking a significant step in connecting traditional financial markets with the blockchain ecosystem.

Solving the data continuity problem

According to Chainlink, the biggest challenge for on-chain stock markets lies in the incompatibility between the continuity of blockchain and the Shard trading schedules of traditional stock exchanges. Most current solutions only offer a single price within the standard trading hours of 9:30 AM to 4:00 PM Eastern Time, leading to price blind spots, increased liquidation risk, and difficulties in managing margin outside of trading hours.

Chainlink 24/5 US Equities Streams addresses these limitations by transforming market data into cryptographically signed, continuous data streams. The dataset includes Medium asset prices, bid and ask prices with corresponding volume, most recent trading prices, quote freshness indicators, and session status including official, pre-market, post-market, or overnight trading.

This comprehensive information enables blockchain protocols to implement more accurate pricing logic, enhance risk governance mechanisms, and execute proper liquidations at all times.

The infrastructure is built on the Chainlink Data Standard, a standard that the company says has supported over $27 trillion in transaction value, distributed more than 19 billion validated messages, and is currently used by approximately 70% of DeFi applications that rely on data oracles. This reflects Chainlink 's dominant position in the blockchain data provider sector.

Many major market participants have begun using the new product, including Lighter, one of the largest decentralized Derivative exchanges by volume for perpetual contracts; BitMEX, a pioneer in the crypto perpetual Futures Contract market; and ApeX, HelloTrade, Decibel, Monaco, Opinion Labs, and Orderly Network.

Vladimir Novakovski, founder and CEO of Lighter, said that integrating Chainlink 's solution allows the exchange to expand Derivative trading beyond standard market hours without compromising data quality or security.

The launch of Chainlink 24/5 US Equities Streams marks another step in Chainlink 's expansion strategy into the Tokenize asset market, a sector projected to reach $30 trillion by 2034.

Previously, Chainlink Data Streams added price data for over 150 major currency pairs and precious metals from the ICE Consolidated Feed, while the Chainlink Runtime Environment enabled fast and efficient settlement of Tokenize securities between public and Private Blockchain. This move reinforces Chainlink 's ambition to become a crucial bridge between traditional finance and the blockchain world.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
88
Add to Favorites
18
Comments