We are excited to announce that Coin Metrics, a leading provider of crypto financial intelligence, has been integrated across all Chainlink Price Feed deployments. As such, Coin Metrics is now supporting DeFi applications through Chainlink Price Feeds across numerous leading blockchain networks including Ethereum, Solana, Polkadot, Polygon, Binance Smart Chain, Avalanche, Optimism, Arbitrum, Fantom, Heco, and more.
Coin Metrics further enhances Chainlink Price Feeds by serving as a low-latency and highly available source of premium crypto-asset Real Time Reference Rates. Coin Metrics aggregates trading data from a broad range of exchanges, applies a Market Selection Framework to choose high quality constituents, and makes trusted volume-weighted data points accessible to Chainlink oracle nodes in real-time. This data then supports decentralized on-chain data feeds referenced by smart contracts to price a wide range of assets when performing key functions like issuing loans, checking collateralization, setting exchange rates, and more.
By supporting a unique combination of full market coverage, robust aggregation methodology, and real-time frequency, Coin Metrics data enables Chainlink Price Feeds to enhance their data quality and reliability across the numerous high-throughput blockchains it supports such as Polygon mainnet, Avalanche mainnet, Fantom mainnet, Arbitrum and Optimism L2 mainnets, and Solana Devnet. Robust infrastructure for real-time data quality and delivery results in Chainlink Price Feeds being the ideal solution for the coming wave of high-throughput DeFi applications and more transparent CeFi applications that want to benefit from decentralized and transparent data feed solutions.
Through support from Coin Metrics, Chainlink Price Feeds are becoming the industry standard not only for DeFi applications needing highly accurate, reliable, and low-latency financial benchmark data, but the coming wave of enterprises starting to incorporate blockchain technology, particularly in the financial sector. Enterprise adoption curves will be vastly accelerated when they have enterprise-grade data solutions already available across all the blockchains they need to support.
“We’re thrilled to join Chainlink’s industry-leading Price Feeds by supplying them with premium, low-latency financial market data. In particular, our real-time data infrastructure helps Chainlink Price Feeds upgrade its support to smart contracts needing real-time updates while still retaining the utmost accuracy and tamper-resistance,” stated Coin Metrics CEO Tim Rice. “We envision this as only the beginning of an expanding collaboration with Chainlink to support the continued growth and security of DeFi and CeFi ecosystems.”
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit chain.link and subscribe to the Chainlink newsletter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper. Want to discuss an integration? Talk to an expert.
About Coin Metrics
Coin Metrics is the leading provider of crypto financial intelligence, offering network data, market data, indexes, and network risk solutions to the most prestigious institutions touching cryptoassets.
Coin Metrics was founded in 2017 as an open-source project to determine the economic significance of public blockchains. Today, we expand on that original purpose to empower people and institutions to make informed crypto financial decisions. We aim to usher the world’s premier financial institutions into crypto with the most trusted data and insights. For more information, visit www.coinmetrics.io.