2024

Arbitrum

World

Chainlink

<ul> 
 <li>Chainlink (LINK) Data Streams are integrated by Ostium on Arbitrum for their reliable and consistent crypto feeds.&nbsp;</li> 
</ul> 
<ul> 
 <li>Ostium’s co-founder discloses that this integration underscores its effort to improve users’ experience by making it more transparent, secure, and efficient.</li> 
</ul> 
Ostium has announced that it will integrate <a href="https://www.crypto-news-flash.com/what-is-chainlink-link/" target="_blank" rel="noopener">Chainlink Data Streams</a> as its preferred low-latency Oracle solution for crypto feeds on Arbitrum.&nbsp; 
.<a href="https://twitter.com/OstiumLabs?ref_src=twsrc%5Etfw">@OstiumLabs</a> has integrated <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw">#Chainlink</a> Data Streams on <a href="https://twitter.com/arbitrum?ref_src=twsrc%5Etfw">@arbitrum</a>. How Data Streams’ high-throughput market data helps level up Ostium’s decentralized perpetual exchange <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/DhgedyBfuX">https://t.co/DhgedyBfuX</a> <a href="https://t.co/CPnmOwmm5E">pic.twitter.com/CPnmOwmm5E</a>— Chainlink (@chainlink) <a href="https://twitter.com/chainlink/status/1820520142654316662?ref_src=twsrc%5Etfw">August 5, 2024</a> 
According to the <a href="https://www.ostium.io/blog/ostium-integrates-chainlink-data-streams-to-power-low-latency-crypto-feeds" target="_blank" rel="nofollow noopener">announcement</a> published on Ostium’s official blog, Chainlink Data Streams was chosen for its uninterrupted supply of premium high-frequency market data due to its support for several high-level features, such as sub-second price resolution. This is delivered via battle-tested Oracle infrastructure that ensures the provision of a highly performant user experience without compromising its decentralization and transparency.&nbsp; 
Chainlink Data Streams was also considered for its frontrunning protection. According to the post, it leverages “conflict of interest-free data sources, a commit and reveal architecture” to protect traders and liquidity sources against information arbitrage and illegal price manipulation.&nbsp; 
Thirdly, it is known for its improved risk management, where protocols receive access to several numbers of data apart from price. Finally, the effectiveness of its time-tested infrastructure played a huge role in its consideration. According to Ostium, Chainlink has a track record of robust security, maximum reliability, and high-quality data. Over the years, it has assisted leading Decentralized Finance (DeFi) applications make over $12 trillion in on-chain transaction volume.&nbsp; 
<h3 id="more-on-the-reputation-of-chainlink">More on the Reputation of Chainlink</h3> 
Over the years, Chainlink has established a track record of providing higher performance and security while eliminating the issues of reliability that might occur using only a single centralized source. In the meantime, the integration involves using “BTC/USD and <a href="https://www.crypto-news-flash.com/what-is-ethereum-history-and-beginners-guide/" target="_blank" rel="noopener">ETH/USD</a> Chainlink Data Streams.”&nbsp; 
Commenting on this, Ostium Labs co-founder Kaledora Kiernan-Linn disclosed that this milestone underscores their commitment to delivering a jaw-dropping experience to their users.&nbsp; 
<blockquote>
 We’re excited to integrate Chainlink Data Streams into Ostium, which is a significant step in our commitment to delivering a secure, transparent, and efficient experience for our users. Chainlink’s low-latency oracle solution enables users to access performant, secure, and high-frequency market data across Ostium’s digital asset offerings.
</blockquote> 
Currently, Ostium is working on building a perpetual trading infrastructure for the “‘perpification’ of both digital and Real World Assets.” For now, Ostium is running on the Arbitrum testnet and has 19 assets including USD/JPY, Nikkei225, WTI Oil, <a href="https://www.crypto-news-flash.com/what-is-bitcoin-a-beginners-guide-to-the-worlds-popular-type-of-cryptocurrency/" target="_blank" rel="noopener">Bitcoin</a>, etc.&nbsp; 
The native token of Chainlink, LINK, failed to stand against the “ruthless wind” that blew across the broad market yesterday, August 5, dragging the price to below $10. In addition, its MVRV ratio was down by 11% and 18.7% on a monthly and yearly basis, putting LINK in a good position to buy. To take advantage, addresses holding from 1 million to 10 million LINK embarked on a buying spree in August, controlling 19% of its supply.&nbsp; 
At press time, LINK was trading at $10 after surging by 20% in the last 24 hours.&nbsp; 

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Chainlink Data Streams Power Ostium’s Low-Latency Crypto Feeds on Arbitrum

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