Galaxy and Chainlink Bring Market Data to Blockchains

Galaxy and Chainlink Bring Market Data to Blockchains

Galaxy Digital Holdings Ltd, a financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sectors, announced that it is providing crypto pricing data to blockchains through Chainlink’s industry-leading oracle network.

Chainlink makes application programming interfaces (APIs) easily compatible, accessible, and monetizable within any blockchain. By collaborating with Chainlink, Galaxy’s crypto pricing data will be distributed directly to applications running across various blockchains, such as those operating in the decentralized finance (DeFi) space. Galaxy’s data consists of spot crypto prices including bitcoin, ether, and other cryptocurrencies in various currency pairs, including dollars.

“Our extensive market data, which will be available through Chainlink’s blockchain-agnostic architecture, will be an important tool in enabling smart contract developers to build advanced blockchain applications,” said Zane Glauber, Head of Strategic Opportunities at Galaxy. “We’re excited to integrate with Chainlink as part of our broader efforts to build a deep, diverse crypto ecosystem.”

This work with Chainlink is a continuation of Galaxy’s ongoing mission to support builders and creators within the crypto economy. Blockchain innovations continue to grow in popularity, with segments such as DeFi more than tripling in total value since 2020.

“High-quality market data underpins the DeFi economy,” said Yaser Jazouane, Head of Data Products at Chainlink Labs. “By providing high-quality pricing data to blockchains through the Chainlink Network, Galaxy is playing a valuable role in unlocking exciting new use cases and driving innovation across the DeFi ecosystem.”

Source: Galaxy Digital

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