**News Flash: Synthetix Integrates Chainlink Data Streams for Enhanced v3 Protocol on Arbitrum**
Synthetix is set to integrate Chainlink Data Streams into its upcoming v3 deployment on the Arbitrum network. This move follows a unanimous vote by Synthetix's governing Spartan Council. Chainlink's Data Streams, known for delivering verified on-chain data with lower latency, will significantly boost the performance and reliability of Synthetix's decentralized derivatives exchange.
The v3 protocol aims to bridge the gap between centralized and decentralized exchanges, positioning Synthetix as a leading permissionless derivatives liquidity platform. Pending successful implementation on Arbitrum, the integration could extend to other networks like Optimism and Base.
Chainlink has been on an expansion spree, recently integrating its Automation features and CCIP protocol on the Gnosis network, and earlier launching Data Streams on Avalanche. This integration marks another step in Chainlink's aggressive 2024 growth strategy.