Chainlink 24/7 launches with Aave for continuous pricing
7.4 Tech Chainlink 24/7 delivers continuous pricing for tokenized real-world assets. Aave integrates the service, ensuring uninterrupted price feeds for DeFi, even on weekends and holidays.
Chainlink has introduced Chainlink 24/7, a new service delivering continuous pricing for tokenized real-world assets, such as stocks and commodities. This service operates even during weekends and market holidays, addressing a key challenge for blockchain applications that require uninterrupted price feeds. Chainlink 24/7 achieves this by combining data from regular and extended trading sessions with perpetual futures quotes when traditional markets are closed. This ensures reliable and up-to-date pricing for decentralized finance (DeFi) platforms. Aave is the launch partner, integrating Chainlink 24/7 into its institutional lending platform, particularly for stock-backed loans. The service also supports use cases like prediction markets, perpetual futures, and collateral management, marking a significant step in bridging traditional and decentralized finance. While Chainlink cites strong market coverage and trading volume, some figures have yet to be independently verified.
