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Avalanche Integrates Chainlink’s Oracle Data Streams Service. AVAX and LINK Are Growing

The Chainlink oracle project has announced its integration into the Avalanche blockchain network. Specifically, this is the Data Streams application. According to Chainlink, it is “on-demand access to high-frequency market data.” The service provides market data in real time. Benefits include low latency and automatic execution.

As part of the collaboration, Data Streams will be used by the GMX crypto futures exchange. Johann EID, Chief Business Officer at Chainlink Labs, said they are excited to support the next generation of high-throughput DeFi products on Avalanche using Chainlink’s Data Streams.

The prices of two crypto projects reacted to the news with a significant increase. Avalanche (AVAX) is up nearly ten percent to $28 from the previous day. Chainlink (LINK) is trading at $14, up four percent.

Image: BTC-ECHO

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