{"id":82976,"date":"2024-06-28T18:25:40","date_gmt":"2024-06-28T22:25:40","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=82976"},"modified":"2024-06-28T18:26:40","modified_gmt":"2024-06-28T22:26:40","slug":"chainlink-data-streams-launches-on-avalanche-mainnet-with-gmx-v2","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/chainlink-data-streams-launches-on-avalanche-mainnet-with-gmx-v2\/","title":{"rendered":"Chainlink Data Streams Launches on Avalanche Mainnet with GMX V2"},"content":{"rendered":"\n

Chainlink Data Streams have been launched on the Avalanche mainnet<\/a>, with GMX V2 as the launch partner.<\/p>\n\n\n\n

\"Chainlink
Chainlink Data Streams Launches on Avalanche Mainnet with GMX V2<\/figcaption><\/figure>\n\n\n\n

GMX is the launch partner for the significant integration, which will support Avalanche's decentralized finance<\/a> (DeFi) business. According to the platforms, Chainlink Data Streams' on-demand access to low-latency market data through the GMX V2 connection would help Avalanche's dApps ecosystem.\u00a0<\/p>\n\n\n\n

Chainlink Data Streams to Boost Avalanche DeFi<\/h2>\n\n\n\n

On Arbitrum and Avalanche, GMX is the top decentralized perpetual exchange\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> (DEX) platform based on total value locked (TVL). For automated transaction settlement and high-frequency market data, GMX V2 uses Chainlink Data Streams. <\/p>\n\n\n\n

To be more precise, the exchange uses the Chainlink Data Streams for transaction settlement, stop orders, and liquidations. Through integration, it will make use of these functionalities to support the ecosystem of Avalanche DeFi.\u00a0<\/p>\n\n\n\n

\u201cGMX\u2019s Data Streams integration on Avalanche mainnet is all about expanding the success of our GMX V2 launch,\u201d Coinflip, a core contributor at GMX, said. \u201cChainlink Data Streams has meaningfully contributed to the decentralized exchange\u2019s speed and resiliency, and we\u2019re excited to bring those same benefits to all the traders and liquidity providers in the Avalanche community,\u201d Coinflip added.<\/p>\n\n\n\n

Data Streams enable developers to produce high-throughput DeFi products with a user experience that is similar to centralized exchanges (CEXs) by utilizing Chainlink's decentralized infrastructure mechanism and high-frequency market data, <\/p>\n\n\n\n

On the other hand, it also offers extremely fast and secure on-chain execution. Notably, Chainlink's resilient and decentralized architecture supports Data Streams.\u00a0Johann Eid, chief business officer at Chainlink Labs stated:<\/p>\n\n\n\n

\n

\u201cBy offering unmatched speed and resiliency, Data Streams enable DeFi protocols to provide ultra-fast, high-throughput DeFi products while maintaining the high-security guarantees of onchain finance\u201d <\/p>\n<\/blockquote>\n\n\n\n

Other DeFi protocols including PancakeSwap, ApolloX, Marquee<\/a>, DRX Exchange, and YFX have integrated Data Streams after GMX.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chainlink Data Streams have been launched on the Avalanche mainnet, with GMX V2 as the launch partner. GMX is the launch partner for the significant integration, which will support Avalanche’s decentralized finance (DeFi) business. According to the platforms, Chainlink Data Streams’ on-demand access to low-latency market data through the GMX V2 connection would help Avalanche’s […]<\/p>\n","protected":false},"author":43,"featured_media":82977,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11410],"tags":[2309,20283,197,20284],"class_list":["post-82976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi","tag-avalanche","tag-chainlink-data-streams","tag-defi","tag-gmx"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1719611180197.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=82976"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82976\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/82977"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=82976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=82976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=82976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}