The post Chainlink Data Streams Launches on opBNB appeared on BitcoinEthereumNews.com.

Chainlink Data Streams Is Now Live on opBNB, a Layer 2 scaling solution for the BNB Chain built on the OP Stack. Chainlink Data Streams is a pull-based Oracle service designed to deliver high-frequency market data for DeFi and blockchain applications. Chainlink has announced that Chainlink Data Streams, a data solution for the Decentralized Finance ecosystem, is now live on opBNB. Launched in August 2023, the opBNB mainnet is a layer2 network designed to amplify the performance of the Binance smart chain. Chainlink Data streams integrate ultra-low-latency market data and automated trade execution, enabling the creation of a new class of fast, intuitive derivatives products. The opBNB is an optimistic rollup network that transfers a portion of the workload from the mainnet, improving network efficiency as demand rises. It features a sequencer for transaction ordering and a Batcher to bundle transactions. The sequencer consolidates transactions, computes state changes, and submits them to the rollup contract on the BNB Chain. Validators on the network then create cryptographic proofs to approve these transitions. Notably, opBNB supports a throughput of 5,000 to 10,000 transactions per second (TPS). Here’s Why BNB Chain has adopted Chainlink Data Streams With Chainlink Data Streams, Decentralize Finance (DeFi) markets can make a groundbreaking advancement, allowing developers to offer enhanced trading experiences featuring minimal slippage, lower fees, ultra-fast settlement, and robust safeguards against market manipulation powered by Chainlink’s proven oracle security and premium data quality. Chainlink Data Streams is now live on opBNB to securely power DeFi markets on @BNBCHAIN‘s layer-2 scaling solution. How Data Streams enhances the capabilities of the opBNB ecosystem on the #RoadToSmartCon ⬇️https://t.co/ZH5Kg0gQPK pic.twitter.com/XKq33rRNo3 — Chainlink (@chainlink) October 25, 2024 Another standout feature of Chainlink Data Streams is that it enables protocols to deliver scalable transactions in trading. This is achieved through impartial data delivery,…

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Filed under: News - @ October 26, 2024 11:11 am