Chainlink Data Streams Launches on Sei Network for Economic Data Access
Chainlink Data Streams launched on the Sei network on September 10, introducing an institutional-grade oracle solution.
- Chainlink is designated as the preferred oracle provider for Sei.
- The system operates on a pull-based model, delivering market data with sub-second latency.
- It provides high-frequency market data and liquidity-weighted bid-ask spreads.
- This enables improved risk management and accurate pricing in DeFi applications.
- Key U.S. economic data from the Bureau of Economic Analysis will be available onchain.
Sei's ecosystem is rapidly growing, with:
- Over 64.3 million unique addresses.
- More than 3.8 billion transactions to date.
- A Total Value Locked (TVL) exceeding $591 million.
- Over 2 million transactions in the last 24 hours and 395,000 new addresses created.
Recent developments include:
- 21Shares filed for a spot SEI ETF, enhancing investor sentiment.
- A strategic shift from Cosmos to Ethereum for better integration with DeFi.
- Chainlink holds a multi-oracle environment alongside Pyth and Band Protocol.
Research indicates that while both Chainlink and Pyth offer low-latency solutions, Chainlink's performance is approximately one second, compared to Pyth's 800 milliseconds. Chainlink recently became the first oracle to achieve ISO 27001 certification.