- Galaxy (GLXY) will provide crypto pricing data through Chainlink’s oracle networks
- Chainlink is the industry standard for oracle services to power hybrid smart contracts on any blockchain
- The partnership will offer crypto pricing data across various blockchains, including the DeFi space, to support the development of advanced applications
- Galaxy Digital Holdings provides institutions, startups and qualified individuals around the world with access to the crypto economy
- Galaxy Digital (GLXY) is up by 2.01 per cent, trading at $6.08 per share
Galaxy (GLXY) will provide crypto pricing data through Chainlink’s oracle networks.
Chainlink is the industry standard for oracle services to power hybrid smart contracts on any blockchain. Its oracle networks reliably connect to any external API and leverage secure off-chain computations for feature-rich applications.
Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming and other major industries.
The partnership will offer crypto pricing data across various blockchains, including the DeFi space, which has more than tripled in value since 2020. Data on offer includes spot crypto prices for Bitcoin, Ether and other cryptocurrencies in various currency pairs.
“Our extensive market data will be an important tool in enabling smart contract developers to build advanced blockchain applications,” said Zane Glauber, Head of Strategic Opportunities at Galaxy.
“High-quality market data underpins the DeFi economy,” added 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.”
Galaxy Digital Holdings provides institutions, startups and qualified individuals around the world with access to the crypto economy.
Galaxy Digital (GLXY) is up by 2.01 per cent, trading at $6.08 per share as of 12:59 pm EST.