The Chainlink data standard is now live on Stellar, an open-source blockchain designed to make cross-border money transfers, currency conversions, and asset tokenization fast and affordable. Developers can now utilize Chainlink Data Feeds and Data Streams to launch secure lending markets, prediction markets, perpetual futures, and other advanced financial applications that connect Stellar’s growing $4 billion real-world asset (RWA) ecosystem to DeFi.
Leveraging Chainlink’s industry-standard oracle network, Data Feeds have reliably enabled over $36 trillion in transaction value throughout the onchain economy, even during volatile market conditions and adverse events. Data Streams is a pull-based oracle solution that allows protocols to consume data faster and more cost-effectively, unlocking advanced use cases including perpetual futures, options, and other high-performance markets onchain.
This time last year, Stellar joined the Chainlink Scale program to accelerate its ecosystem growth via enhanced access to Chainlink’s enterprise-grade oracle infrastructure including Data Feeds, Data Streams, and Cross-Chain Interoperability Protocol (CCIP).
The Stellar network is purpose-built for tokenizing, issuing, and managing traditional financial assets such as government bonds, money market funds, and fiat-backed instruments onchain. Featuring built-in compliance mechanisms and low-cost, five-second settlement times, Stellar is being widely adopted by major financial entities for tokenized short-term debt and treasuries.
Integrating Chainlink allows Stellar to enhance tokenized assets with valuable utility throughout the multichain DeFi ecosystem.
“For onchain financial markets to operate at institutional scale, assets need reliable infrastructure for pricing, execution, and movement,” said Stellar Development Foundation’s Chief Business Officer, Raja Chakravorti, in an official announcement.
“Chainlink’s oracle infrastructure strengthens that foundation by giving developers access to the data and connectivity required to build next-gen financial applications on Stellar. As these layers mature together, the opportunity shifts from simply issuing assets onchain to putting them to work.”
“The Stellar network’s adoption of Chainlink as its data infrastructure unlocks a new generation of DeFi and tokenized asset applications across its ecosystem,” added Chainlink Labs’ Chief Business Officer, Johann Eid.
“With Data Feeds and Data Streams now available natively, developers have the high-quality, reliable market data needed to build secure lending markets, stablecoins, and tokenized assets and scale them for widespread adoption.”
To learn more about Stellar, visit their website, X, and Discord.