Axie Infinity has made a groundbreaking announcement regarding the advancement of decentralized applications (dApps) by incorporating Chainlink Data Streams. This integration allows for the swift off-chain distribution of AXS market data, which can be validated on-chain. The platform is specifically designed to equip dApps with high-frequency, real-time market data, facilitating efficient access to crucial information.
The inclusion of Chainlink Data Streams merges two essential elements of the dApp ecosystem. Firstly, the Low-Latency Market Data feature delivers a continuous flow of up-to-date market data that can be accessed off-chain. This ensures that dApps and users have immediate access to the latest information without any delays. This real-time accessibility is particularly beneficial for traders and users who rely on accurate market data for quick decision-making.
The second element, Automated Execution, leverages Chainlink Automation to identify trade orders. By combining crucial price reports with transaction execution, this system guarantees prompt delivery of data to the blockchain. Essentially, it offers decentralized execution with rapid data availability on the blockchain, thereby enhancing overall efficiency.
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