Chainlink now makes it possible for popular stocks and ETFs to be accessible on-chain 24 hours a day, 5 days a week. This upgrade opens up numerous use cases in the chain, such as trading, lending and more.
This move integrates the $80 trillion US stock market into the blockchain. DeFi platforms now have secure access to US stock market data, including after-hours and overnight sessions.
The 24/5 US Stock Streams extend Chainlink data streams, providing fast and secure market data for US stocks and ETFs during all trading sessions.
The equity RWAs have lagged behind in the chain
US equities are underrepresented in the chain, despite the growth of real-world assets (RWAs).
Blockchains operate non-stop. But U.S. stock markets operate in fixed daily sessions, typically from 9:30 AM to 4:00 PM ET on weekdays.
Most on-chain data solutions only offer a single price point for stocks during regular trading hours. Outside of these windows, on-chain markets lack a reliable stock price.
This limitation prevents on-chain markets from accurately reflecting market conditions 24 hours a day.
Chainlink provides continuous stock data in the chain
Chainlink has developed its US equity flows to solve this mismatch.
The service converts fragmented US stock market data into continuous, cryptographically signed data streams. It provides continuous 24/5 coverage and offers reliable prices within a second 24 hours a day. This includes regular sessions, pre-market, post-market and overnight sessions
Chainlink’s service removes blind spots during after-hours trading. It also reduces the risk of using outdated reference prices.
The streams also provide a full set of market data designed for financial applications. They also include bid-ask information, last trade prices, volumes, market status flags and aging indicators.
The detailed data provides the market context needed for advanced logic, strong risk controls, and more secure trade execution. It also supports safer liquidations and more consistent user experiences outside of regular market hours.
Exchanges adopt Chainlink streams
Several industry players have already integrated the new system. Early adopters include Lighter, BitMEX, ApeX, HelloTrade, Decibel, Monaco, Opinion Labs and Orderly Network.
Lighter, the second largest perpetuals DEX by volume, has expanded its partnership with Chainlink by adopting the streams as the official oracle for RWA markets.
Also, Chainlink’s 24/5 US equity flows play a crucial role in BitMEX’s advanced 24/7 equity derivatives platform.
The 24/5 streams work on the reliable Chainlink Data Standard. This technology has supported +$27 trillion in transaction value and verified +19 billion on-chain messages. It also protects about 70% of oracle-related DeFi activities.
According to CoinGecko factsLINK is currently trading at $12.59. The native token of the Chainlink network is up 2.8% in the past 24 hours.