opBNB Integrates Chainlink Data Streams for High-Performance Oracle Solutions
Enhancing DeFi Capabilities with Chainlink Data Streams
opBNB, a layer-2 scaling solution for BNB Chain, has recently selected Chainlink Data Streams as its preferred low-latency oracle solution for the ecosystem. This integration aims to optimize the performance of high-speed DeFi applications on the opBNB network.
Revolutionizing Layer-2 Solutions with opBNB
opBNB functions as a layer-2 scaling solution for BNB Chain, improving scalability by shifting transaction processing and resource usage away from the main chain. Users can seamlessly transfer funds from BNB Chain to opBNB, facilitating interaction with various applications and smart contracts. With the capability to support up to 5,000-10,000 transactions per second, opBNB offers rapid processing speeds.
Industry Recognition and Adoption
Marwan Kawadri, Head of EMEA at BNB Chain, expressed confidence in the decision to integrate Chainlink Data Streams, citing its low-latency delivery of market data as a game-changer for the ecosystem. The adoption of Data Streams by BNB Chain underscores the platform’s commitment to providing premium market data for high-performance DeFi applications.
Enabling Real-Time Data Accuracy
The decision to leverage Chainlink Data Streams on opBNB aligns with the need for ultra-low-latency data for accurate price information. KiloEx, a decentralized perpetual exchange, is embracing this integration to power its perpetual contracts and ensure timely liquidations.
Driving Security and Reliability in DeFi
Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, highlighted the significance of integrating Data Streams on opBNB to bolster the security and reliability of high-performance DeFi applications. This collaboration sets a new standard for secure and efficient DeFi infrastructure.
About Chainlink
Chainlink serves as the industry-standard decentralized computing platform, facilitating over $16 trillion in transaction value across financial institutions, startups, and developers globally. The platform enables verifiable applications and secure cross-chain interoperability, powering diverse sectors such as DeFi, global trade, and gaming.
Stay Informed
For in-depth insights into Chainlink Data Streams’ functionality, refer to Chainlink’s blog post. Developers keen on building with Data Streams can access the developer documentation for a detailed guide.
About BNB Chain
BNB Chain, a dynamic blockchain ecosystem, is dedicated to advancing Web3 adoption through its components:
- BNB Smart Chain (BSC): A secure DeFi hub with minimal gas fees, serving as the governance chain.
- opBNB: A scalability L2 solution with rapid processing speeds and low gas fees.
- BNB Greenfield: Offering decentralized storage solutions and enabling users to establish data marketplaces.
With a strong focus on security and innovation, BNB Chain’s community initiatives like AvengerDAO and Red Alarm ensure user protection and risk monitoring for Dapps.
Follow BNB Chain on social media for the latest updates or explore the Dapp library for a hands-on experience within the ecosystem.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
