Chainlink Data Feeds and Data Streams go live on Stellar

Summary

Chainlink has launched its Data Feeds and Data Streams on the Stellar network, enhancing the verifiable market data available for Stellar's burgeoning $4 billion ecosystem of real-world assets. This move aligns with Stellar's recent growth in tokenized real-world assets as it competes with other blockchains for institutional tokenization projects. The integration of Chainlink's data services is expected to support various decentralized finance applications, such as lending markets and prediction markets.

Tokens

$XLM

Analysis

Stellar: Stellar is a Layer 1 blockchain platform designed for efficient cross-border payments, asset issuance, and tokenization. It has seen continued growth in its real-world asset ecosystem and adoption of smart contract capabilities via Soroban. The integration brings Chainlink oracles to Stellar, allowing developers to build data-dependent applications such as lending and derivatives on its network. Chainlink: Chainlink operates as a decentralized oracle network delivering real-world data and cross-chain messaging to blockchains. It recently expanded its Data Feeds and Data Streams to additional networks, including support for new price feeds and interoperability upgrades. In this development, Chainlink's infrastructure is enabling verifiable market data access directly on Stellar to support DeFi applications. RWA Expansion: Stellar's network has experienced notable growth in tokenized real-world assets amid competition among blockchains for institutional tokenization projects. DeFi Enablement: The live data services on Stellar are positioned to facilitate applications including lending markets, prediction markets, and perpetual futures. Oracle Adoption: Chainlink continues to extend its data infrastructure to new chains to support secure DeFi and tokenized asset applications.

Categories

cryptohyperliquidrwa

Related sources

View Original Tweet