Vertex, a leading decentralized exchange operating on the busy Arbitrum network, has taken a major step toward optimal business operations and improved user experience by integrating Chainlink Data Streams onto its mainnet. This release marks a significant milestone for Vertex as it moves quickly to capitalize on Chainlink’s pull-based oracles that are setting the industry benchmark and transforming its trading platform.
Excited to announce that we have integrated @chainlink’s low-latency data streams onto mainnet!
Data streams will deliver sub-second, high-fidelity market data across the DEX, ensuring robust performance with Chainlink’s proven infrastructure.
Learn more
https://t.co/CB4nk68bcS
— Vertex
(@vertex_protocol) April 18, 2024
Chainlink data streams strengthen security for Vertex DEX users
Chainlink oracles are uniquely positioned in the market to offer sub-second price data, and that is a requirement for platforms like Vertex that operate at high speed in decentralized financial networks. Integrating data streams will increase Vertex’s reliability of accurate price data, improving execution trading speed in both derivatives and digital asset spot markets.
The security element of the integration is another reason not to overestimate it. By working only with the best providers that offer the best security architecture, Vertex enables its users to communicate securely while being completely confident they have access to tamper-proof and tamper-proof pricing data. This is particularly relevant to the derivatives markets, as even small price differences can lead to major disasters
For example, one of the applications the platform wants is to apply the chain’s Glink Data Streams for the liquidation of collateralized positions and the calculation of funding rates. These are determined several times a day, but must still be available in real time to ensure the platform works properly.
Vertex is at the forefront of integrating Chainlink data flows
In addition to speed and security, Vertex is impressed with the integration of Chainlink Data Streams because of the infrastructure’s role in minimizing extractive market practices. Data streams provide a credible neutral infrastructure for the delivery of price data, ensuring that all players in the marketplace are put on an equal level where no one has the upper hand and makes money at the expense of others.
Darius Tabatabai, co-founder of Vertex, believed in the innovation integration and cited the performance improvement of the new upgrade in reality. Tabatabai reminded his followers that speed is the key to maintaining economic security in today’s market, where every millisecond matters under increased market volatility and the game of leverage. Vertex’s integration of Chainlink Data Streams places the DEX platform above others as it continues its mission focused on providing the best DEX lighting experience for its users.
