Chainlink Data Streams is a pull-based oracle solution that allows protocols to consume data more cost-effectively and at lower latencies while reducing the risk of frontrunning and MEV. This week, Ostium, an open-source decentralized perpetual exchange on Arbitrum, announced it integrated Data Streams to power high-performance, low-latency crypto feeds.
Ostium is building decentralized infrastructure that facilitates transparent, noncustodial trading of digital assets and real-world assets as perpetual futures onchain. Its Data Streams integration, beginning with BTC/USD and ETH/USD, ensures optimal performance while upholding DeFi’s highest standards of security and reliability.
Data Streams leverages Chainlink’s time-tested oracle infrastructure, which has enabled over $12.5 trillion in transaction value, to expand DeFi’s reach by boosting the user experience of decentralized exchanges and unlocking advanced products like perpetual futures contracts that require lower gas fees and faster price updates.
Currently live on Arbitrum testnet with 19 assets including USD/JPY, Nikkei 225, WTI, and Bitcoin, Ostium promotes perpetuals as the preferred vehicle for bringing real-world assets onchain through a scalable, crypto-native solution focused on trading over holding assets.
In an official announcement, Ostium Labs co-founder Kaledora Kiernan-Linn emphasized Chainlink’s role in taking Ostium to the next level.
“We’re excited to integrate Chainlink Data Streams into Ostium, which is a significant step in our commitment to delivering a secure, transparent, and efficient experience for our users,” she said. “Chainlink’s low-latency oracle solution enables users to access performant, secure, and high-frequency market data across Ostium’s digital asset offerings.”
To learn more about Ostium, visit their website, X, Telegram, and Discord.