- Chainlink (LINK) data streams are integrated by Ostium on Arbitrum for their reliable and consistent crypto feeds.
- The co-founder of Ostium announces that this integration underlines his efforts to improve the user experience by making it more transparent, secure and efficient.
Ostium has announced that it will integrate Chainlink Data Streams as its preferred low-latency Oracle solution for crypto feeds on Arbitrum.
.@OstiumLabs has integrated #Chainlink Data Streams on @arbitrum. How Data Streams’ high-throughput market data helps improve Ostium’s decentralized perpetual exchange
According to the announcement Chainlink Data Streams, published on Ostium’s official blog, was chosen for its uninterrupted delivery of premium high-frequency market data due to its support for several high-end features such as sub-second price resolution. This is delivered via the proven Oracle infrastructure that ensures a high-performance user experience without compromising decentralization and transparency.
Chainlink Data Streams was also considered for its cutting-edge protection. According to the post, it uses “conflict of interest-free data sources, a commit and reveal architecture” to protect traders and liquidity sources from information arbitrage and illegal price manipulation.
Third, it is known for its improved risk management, where protocols are given access to different amounts of data, apart from price. Finally, the effectiveness of the proven infrastructure played a major role in its consideration. According to Ostium, Chainlink has a track record in the field of robust security, maximum reliability and high-quality data. Over the years, it has helped leading Decentralized Finance (DeFi) applications generate more than $12 trillion in on-chain transaction volumes.
More about Chainlink’s reputation
Over the years, Chainlink has built a track record of providing higher performance and security while eliminating the reliability issues that can arise when using only one centralized source. In the meantime, the integration includes the use of “BTC/USD and ETH/USD Chainlink Data Streams.”
Commenting on this, Kaledora Kiernan-Linn, co-founder of Ostium Labs, announced that this milestone underlines their commitment to providing their users with a breathtaking experience.
We are excited to integrate Chainlink Data Streams into Ostium, which is an important 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 high-performance, secure, and high-frequency market data from Ostium’s digital asset offering.
Ostium is currently working on building a permanent trading infrastructure for the “perpification” of both digital and real assets.” For now, Ostium runs on the Arbitrum testnet and has 19 assets including USD/JPY, Nikkei225, WTI Oil, Bitcoin, etc.
Chainlink’s native token, LINK, could not hold its ground against the “relentless wind” that blew across the broad market yesterday, August 5, dragging its price below $10. Moreover, the MVRV ratio decreased by 11% And 18.7% on a monthly and annual basis, putting LINK in a good buying position. To take advantage of this, addresses with 1 million to 10 million LINK began a buying spree in August, controlling 19% of the supply.
At the time of writing, LINK was trading at $10, after rising 20% in the last 24 hours.
