cryptonews.net
Axie Infinity has announced significant progress in the development of decentralized applications (dApps) with the integration of Chainlink Data Streams, which provides low-latency off-chain distribution of AXS market data that can be verified on-chain. This interface is designed to provide dApps with high-frequency, real-time market data, enabling efficient access to critical information.
The integration of Chainlink Data Streams brings together two critical components of the dApp ecosystem. The first is the Low-Latency Market Data feature, which provides a constant stream of real-time market data accessible off-chain. This means that dApps and users can get the most up-to-date information when they need it, without having to wait for delayed data updates. This level of real-time access is invaluable for traders and users who need accurate market data to make decisions quickly.
The second component, Automated Execution, uses Chainlink Automation to detect trade orders. This system takes important price reports and combines them with transaction execution, ensuring that the data is delivered to the blockchain almost immediately. In essence, it provides decentralized execution with near-instantaneous data availability on the blockchain, increasing overall efficiency.
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