Coinbase Integrates Chainlink DataLink to Stream Exchange Data Onchain

Coinbase has integrated Chainlink's DataLink bridge to stream its centralized exchange data directly onto blockchain networks. This collaboration marks the first time Coinbase has brought its exchange data directly onchain, providing decentralized protocols with real-time access to order book and derivatives data. The integration specifically aims to enhance the robustness of Decentralized Finance (DeFi) protocols by bridging traditional finance and blockchain technology. Following this development, the LINK token is trading around $9.42, marking a 3.64% increase over the last 24 hours. Chainlink's market capitalization has reached approximately $6.67 billion, supported by a circulating supply of 708 million units. Beyond this partnership, the adoption of the Cross-Chain Interoperability Protocol (CCIP) continues to solidify Chainlink's leadership in the asset tokenization sector. Analysts view these advancements as a significant bridge between institutional liquidity and decentralized infrastructure.

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