MYX Finance has made a major leap forward in its on-chain perpetual trading infrastructure by integrating Chainlink Data Streams and DataLink. This partnership brings real-time, verifiable market data to the platform, accelerating execution speed and accuracy while maintaining decentralization. 📈
Previously, MYX’s sub-second price updates were limited to just a few chains but with this integration, it unlocks full potential for all EVM-supported blockchains.
**Here are key benefits of the integration:**
* **Enhanced Accuracy & Speed:** Real-time market data from Chainlink ensures faster and more accurate execution without sacrificing decentralization or security. ⚡
* **Improved Liquidity & Visibility:** High-fidelity pricing data mirrors that of centralized exchanges, empowering traders to make informed decisions while liquidity providers gain valuable insights into market depth and risk modeling.
* **Next-Level DeFi Transparency:** This integration signifies a significant step toward the fully verifiable future of decentralized finance. 🤝
This move aligns with MYX’s mission to create an open and verifiable trading environment for everyone, setting the stage for the next era of DeFi.
**Further details can be found in the official announcement:** [link to source]
The integration of Chainlink is not only a major milestone for MYX Finance but also marks a significant development in the broader decentralized market ecosystem. More and more, decentralized finance platforms are integrating real-world data feeds into their systems, further driving the push towards fully on-chain trading.” 💡
* **Source:** [https://www.defplanet.com/myx-finance-integrates-chainlink-data-standard-to-power-next-gen-on-chain-perpetual-trading/ ]
* **Tags:** #Ethereum, #Chainlink, #DeFi, #PerpetualTrading