Top 7 cryptos supported by Chainlink data streams: EGLD, FIL, ICP, SAND, SEI, stETH, XLM
- Chainlink lists new asset data streams supported by the chain, MultiversX, Filecoin, dfinity, The Sandbox, Sei Network, Lido Finance and Stellar.
- Data Streams allow availability of data offline and allows for data to be verified cryptographically, in a timely manner.
- LINK trades at $11.33, down nearly 1% on the day.
Chainlink (LINK) data streams allow data availability offchain. The protocol integrated seven assets into the infrastructure- MultiversX (EGLD), Filecoin (FIL), Internet Computer Protocol (ICP), The Sandbox (SAND), Sei Network (SEI), Lido Finance’s staked Ether (stETH), and Stellar (XLM).
The addition of support for new assets by Chainlink Data Streams boosts the utility of the LINK token.
Chainlink data streams announce support for new crypto tokens
Chainlink’s official account on X announced support for seven new cryptocurrency tokens in its data streams infrastructure feature. The project provides offline availability of data and makes the provision of allowing cryptographic verification and data support offline, providing faster throughput for supported chains and assets.
New assets supported by #Chainlink Data Streams ↓
— Chainlink (@chainlink) September 20, 2024
EGLD - @MultiversX
FIL - @Filecoin
ICP - @dfinity
SAND - @TheSandboxGame
SEI - @SeiNetwork
stETH - @LidoFinance
XLM - @StellarOrg pic.twitter.com/7vWEf022EG
The assets rely on Chainlink for the accuracy of its data streams. In a recent discussion, 21Shares, Flow Traders and Chainlink Labs discussed the importance of high security standards in the web3 ecosystem and how the blockchain achieves reliability for supported assets and its infrastructure.
Recently, @21Shares, @FlowTraders, and @ChainlinkLabs discussed the importance of having high security standards in Web3 and how Chainlink PoR achieves unmatched reliability.
— Chainlink (@chainlink) September 20, 2024
Full discussion ↓https://t.co/uL7oqdxbft pic.twitter.com/VoJnoxPKtP
LINK trades at $11.33 at the time of writing. The altcoin erased nearly 1% value on the day and 1.05% in the last seven days, per TradingView data.
Author
Ekta Mourya
FXStreet
Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.
