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.