RATE Group | Chainlink Expands Price Feeds to Cover 25 Trading Pairs
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Chainlink Expands Price Feeds to Cover 25 Trading Pairs

02 Feb Chainlink Expands Price Feeds to Cover 25 Trading Pairs

Posted at 16:14h in Cryptocurrency News by

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Chainlink has announced that it now offers price reference data for more than 25 trading pairs. These kinds of feeds are vital for decentralized finance applications.

As of today, Chainlink’s list includes data on 16 Ethereum trading pairs and nine USD trading pairs. Notable trading pairs include ETH/USD, BTC/USD, and EUR/USD.

So far, three sites have integrated Chainlink’s data. Synthetix, an asset backing platform, is supporting USD trading pairs. Meanwhile, the lending platform Aave is supporting ETH pairs. Loopring has also added support for one pair in each category.

This development marks a significant expansion for Chainlink: until recently, the platform only offered price data for seven trading pairs.

Now, Chainlink’s data collection is the largest of its type, according to the project itself.

How It Works

Unlike CoinMarketCap and other market aggregators, Chainlink does not gather its data from exchanges. Instead, it gathers data from independent node operators.

These node…

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