COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Chainlink Expands Its Services and Strengthens Market Position
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Chainlink (LINK) > Chainlink Expands Its Services and Strengthens Market Position
Chainlink (LINK)

Chainlink Expands Its Services and Strengthens Market Position

In Brief

  • Chainlink expands its service scope in the crypto market.

  • Data Streams product launched on Avalanche network.

  • Chainlink collaborates on tokenized real estate with Arta TechFin.

COINTURK NEWS
COINTURK NEWS 12 months ago
Share
SHARE

Altcoins have significant partnerships that can give investors long-term hope. Chainlink, especially in data processing and presentation, has monopolized a significant part of crypto. Most DeFi platforms and more protocols use its services. Now Chainlink is expanding its service scope.

Contents
Chainlink NewsAvalanche and Chainlink

Chainlink News

The oracle network Chainlink has recently made a name for itself with its steps in the RWA field. By launching and gradually expanding its staking pool, it has taken a significant step by increasing token utility. The team, expected to succeed in blockchain-based data services in the long term and currently achieving good market dominance, is working for more.

The Data Streams product was launched on the Avalanche network. The decentralized and futures-enabled exchange GMX will be the first customer here. Thanks to the real-world market data provided by Data Streams, Chainlink will also power this protocol.

Data Streams offers off-chain market data with a “pull-based” oracle model. This allows the needed instant data to be quickly and easily provided to platforms like GMX. Chainlink Data Streams still verifies data on the network but only does so when necessary, such as when a transaction is actually carried out. The following graphic explains this.

Avalanche and Chainlink

This is not directly related to price. However, it may allow for more widespread DeFi and data feed projects in the Avalanche ecosystem in the long term. As a result, Chainlink diversifies its revenue sources while Avalanche offers developers more flexibility and better alternative infrastructures.

Chainlink Data Streams‘ usage on the Avalanche network prompted Johann Eid from Chainlink Labs to say;

“Data Streams, offering unique speed and flexibility, allows DeFi protocols to deliver ultra-fast, high-efficiency DeFi products while maintaining high security guarantees of on-chain finance.”

At the beginning of 2024, Chainlink started working on tokenized real estate with Hong Kong-based asset management company Arta TechFin. Financial giants see a very bright future in the tokenization of real-world assets, and Chainlink is trying to grow its share in this field with both CCIP and other products.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Chainlink Faces Oracle Update Glitch, Price Tumbles

Chainlink Dominates the Market with Unmatched Developer Activity

Exciting Cross-Chain Functionality Propels USD1 Token to New Heights

Massive Movements Ignite Interest in Chainlink (LINK) as Whales Make Waves

Chainlink Price Holds Strong: What Lies Ahead for LINK Traders?

COINTURK NEWS 27 June, 2024 - 7:37 pm 27 June, 2024 - 7:37 pm
Share This Article
Facebook Twitter
Share
Previous Article Cyber Attackers Target Cryptocurrency Exchanges for Massive Gains
Next Article Analyst Predicts Significant Dogecoin Surge
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Discover MemeStrategy’s Strategic Move with Solana Investment
Solana (SOL)
South Korea Sees Crypto Coins Surge as Excitement Spreads
Altcoin News
The Resilient Performance of Cryptocurrency Funds Under Geopolitical Tensions
Cryptocurrency News
Bitcoin Breaks New Ground During Geopolitical Turmoil
Bitcoin (BTC)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?