Connect with us


Decentralized exchange Mettalex integrates Chainlink price feeds



Source: Pixabay

Decentralized exchange Mettalex has integrated Chainlink price feeds into its platform, according to an announcement earlier today.

Chainlink’s integration will enable decentralized price oracles for a variety of new assets including cryptocurrencies, crypto indices, real-world indices, fiat currencies, and the world’s most popular commodities.

Mettalex will also be able to utilize Chainlink’s price feeds on the Binance Smart Chain DeFi ecosystem owing to Chainlink’s recent integration with Binance Smart Chain.

Mettalex stated that one of the reasons Chainlink was chosen as their go-to oracle solution was their dedication to providing high-quality price data sourced from data aggregators to prevent flash loan attacks.

Humayun Sheikh, Mettalex Founder, and CEO stated, “Chainlink’s secure data feeds were a major driver of DeFi’s growth in 2020.”

DeFi price oracles aren’t the only area of expansion for Chainlink, however, as they were recently integrated with VR content ecosystem Dvision Network.

Dvision Network’s initial integration with Chainlink revolves around using these Price Feeds as the primary oracle solution in the NFT marketplace.

It will be used to calculate the exact gas fees incurred when creating NFTs, ensuring users have access to accurate, up-to-date data on the true costs of using the network.

Dvision Network CEO Jung Hyun Eom commented on the integration saying that,

“By using Chainlink to access reliable price feeds and determine the distribution of random NFT rewards, Dvision users have assurances that the digital goods created by their gameplay will be based on provably fair systems, as well as be exchangeable on the open market for fair-market values and governed by economic models that are permanent and stable.”

Read the best crypto stories of the day in less than 5 minutes

Subscribe to get it daily in your inbox.

Please select your Email Preferences.

Samyuktha is a full-time journalist at AMBCrypto. Currently pursuing her Masters in Finance and Business Analytics, she is interested in cryptocurrencies, fintech, and blockchain technology adoption across various sectors.

Click to comment

Leave a Reply

Your email address will not be published.

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.