Coin Metrics and Chainlink Partnership
Coin Metrics, a leading provider of crypto financial intelligence, will be supplying their institutional-grade reference rate data to support Chainlink Price Feeds— industry-leading decentralized oracle networks for Decentralized Finance (DeFi), providing high-quality asset prices on-chain in a secure and reliable manner.
“Chainlink has established itself as a leading oracle solution, opening up an obvious synergy for adding Coin Metrics’ reference rates to its Price Feeds. Our independent and transparent cryptoasset prices will help Chainlink establish high-frequency updates for scalable blockchains, layer 2 solutions, and TradeFi institutions. We’re excited to further enhance Chainlink Price Feeds and look forward to more opportunities to bring our range of data intelligence on-chain to support more advanced DeFi products.”— Coinmetrics Co-founder & CEO Tim Rice
Coin Metrics’ premium reference rate data will help empower Chainlink’s faster and higher-quality Price Feeds, optimized for higher frequency update rates and an even more refined aggregation methodology. Coin Metrics provides transparent, independent, and manipulation-resistant reference rates that are calculated in U.S. Dollars and Euros for over 300 assets. Their rates are derived from a multitude of high-quality constituent markets andtheir calculation methodology is fully transparent to all participants and is robust to manipulation.
ABOUT CHAINLINK
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.
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 crypto-assets.
RESOURCES
Coin Metrics Blog
