Hassan Maishera
Chainlink announced via X on Thursday that JOJ Exchange, a leading perpetual DEX on Base by trading volume, has upgraded to Chainlink Data Streams on Base. JOJO chose Chainlink Data Streams because it delivers unmatched functionality with advanced features such as liquidity-weighted bid-ask spreads and ultra-fast execution speed. Still, it does so without compromising on transparency and decentralization.
Data Streams provides pricing data with high accuracy to benchmark exchanges, bolstering user confidence and protocol performance. With Data Streams, protocols receive access to a growing array of data beyond a single data point. Data Streams provide users with liquidity-weighted bid/ask spreads that enable protocols to update their risk management parameters, resulting in a more accurate reflection of market liquidity.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is down 2% over the past 24 hours and is trading at $10.02 at press time.
