- ChainLink data streams are integrated into Flex Perpetual Platform to enhance trading in the Tokenized US stock market.
- Data Stream was recently announced to provide real-time streams to major US stocks and ETFs.
The next generation of distributed and eternal protocols, Flex Perpetual and Flex Perpetual, are now the latest to consolidate data streams from Real World Assets (RWAS). According to news shared on X, ChainLink significantly upgrades the Flex user experience by ensuring low latency and highly accurate pricing data are provided.
That’s not all. Flex leverages the ability of data streams to power Tokenized Equities Markets or AAPL, MSTR, NVDA, TSLA, and more. ChainLink’s announcement said this incredible partnership would bridge the gap between traditional funding and decentralized finance.
Sub-second market data for RWAS power in the data stream is open/close position, funding rate calculation, and Flex liquidation logic. Flex is one of the first permanent exchanges to integrate chain link data streams of real assets.
According to Flex, trading these highly protected tokenized stocks is subject to up to five times the leverage with cross-margin support. Furthermore, trading on the platform does not require customer (KYC) verification.
On the other hand, it is not the only market that integrates data streams. As detailed in previous stories, Jupiter incorporated it into their permanent market as well.
ChainLink data stream details
For context, ChainLink’s data stream solution was expanded on August 4th, providing real-time streams to major US stocks and ETFs, as mentioned in previous posts. The report suggests that the encrypted data includes a volume, open lit low-close. (OHLC) values, and some important metadata. It is also designed to aggregate data from a variety of sources for increased uptime and reliability.
According to an announcement from the official ChainLink, the data stream has been live on 37 different blockchain networks. That introduction has been praised by figures from several major industry figures, including Kamino co-founder Thomas Short. In his submission, Short emphasized that ChainLink’s data streams create a seamless user experience without compromising security and trust.
He also believes that bringing tokenized US stock-on-chain demands high frequencies and reliable data. Attractively, the data stream checks all boxes. Already, Kamino and GMX are working together to unlock an entirely new trading opportunity, as shown in previous publications.
Commenting on this, the Chief Business Officer of Chainlink Labs Johann Eid emphasized that the initiative is a major leap for tokenized markets. Jone Zee of GMX Communications believes that data streams will allow them to create permanent markets on a wide range of high-quality assets.
Chainlink data streams of stocks and ETFs mark major milestones in providing a decentralized institutional grade pricing infrastructure that is the basis for expanding defi beyond encryption and native assets. Through our reliable ChainLink data standards, you can enable the creation of a permanent market with a wide range of high-quality assets that our communities and publishers want to support.
Prior to its recent deployment into the US stock market, CNF reported that it was launched on Scroll Mainnet to provide developers with access to low-latency market data. ChainLink has partnered with Layer 1 Blockchain Monad to bring Oracle Services, including Data Streams, to the testnet.
