Chainlink has officially launched two major products—Chainlink Data Streams and Chainlink VRF—on Base, a layer-2 blockchain incubated by Coinbase and backed by Ethereum.
Chainlink Data Streams
According to a press release from BSCN, Chainlink Data Streams provides an advanced data solution designed specifically for the DeFi sector. It integrates low-latency market data with automated execution, paving the way for a new generation of high-throughput, user-friendly DeFi products.
Data Streams aims to deliver user experiences akin to those of centralized exchanges (CEXs) while ensuring robust security and speedy on-chain execution.
Chainlink VRF Updates
In addition, Chainlink VRF has successfully processed over 21 million request transactions across multiple blockchains. The recent VRF v2.5 upgrade brings several improvements, including more efficient billing, better gas consumption predictions, and an enhanced user experience in future updates.
Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, stated:
“Base’s builder-friendly environment is a natural fit for Chainlink products. Chainlink Data Streams will enable developers to craft the next generation of DeFi products, and VRF will support secure random number generation for smart contracts on Base.”
Chainlink Enhances Asset Management and Transparency
Recently, Chainlink has seen multiple integrations. Notably, Superstate, an asset management firm, has incorporated Chainlink's infrastructure into its Superstate Short Duration US Government Securities Fund (USTB). This integration aims to improve the transparency and utility of USTB by offering real-time net asset value (NAV) data through Chainlink’s decentralized oracle technology.
Furthermore, 21Shares US LLC, part of 21Shares AG, has implemented Chainlink’s Proof of Reserve on the Ethereum mainnet to enhance the transparency of its Core Ethereum ETF (CETH). This initiative is designed to provide clear insight into the Ethereum reserves supporting the ETF, boosting investor confidence.
Additionally, several major financial institutions, including Bancolombia Group’s Wenia and global banks like BNY Mellon and Citi, have adopted Chainlink’s Proof of Reserve.
