Axie Infinity and Chainlink Team Up for Real-Time AXS Data Access

• Axie Infinity integrates Chainlink Data Streams, enhancing dApps with real-time, verifiable AXS market data and decentralized execution.
• Axie Infinity reduces Fortune Slips cooldown to 24 hours, improving player earnings, and upgrades Bounty Board for better tracking.

In a tweet, Axie Infinity announced a significant advancement in developing decentralized apps (dApps) by integrating Chainlink Data Streams, which provide low-latency distribution of off-chain AXS market data that can be confirmed on-chain.

This interface is intended to offer dApps real-time, high-frequency market data, enabling efficient access to critical information.

As a result, this action greatly decreases slippage, lowers fees, speeds up settlement, and protects against frontrunning or adverse selection. With these advancements, Axie Infinity positions itself as a pioneer in providing efficient and decentralized solutions to its users.

Chainlink has Integrated $AXS Data Streams!

Chainlink Data Streams now provide low-latency delivery of off-chain $AXS market data that you can verify on-chain. With this integration, decentralized applications (dApps) have on-demand access to high-frequency market data, backed… https://t.co/41N3vBFZAg

— Axie Infinity (@AxieInfinity) September 28, 2024

Axie Infinity and Chainlink Integration: Real-Time Data and Automated Execution for dApps 

The Chainlink Data Streams integration brings together two critical components for the dApp ecosystem. The first is the Low-Latency Market Data feature, which assures that a steady stream of real-time market data is available off-chain.

This implies that dApps and users may get the most up-to-date information whenever they need it, without waiting for delayed data updates. This level of real-time access is invaluable for traders and users who need precise market data to make quick judgments.

The second component, Automated Execution, uses Chainlink Automation to detect trade submissions. This system gets essential price reports and bundles them with transaction execution, ensuring that data is delivered to the blockchain almost immediately.

In essence, it provides decentralized execution with near-instant on-chain data availability, which improves overall efficiency.

Meanwhile, Axie Infinity’s most recent improvements include more than just the interaction with Chainlink. CNF has noted that the popular blockchain game has undergone substantial improvements to increase the user experience and player revenue.

One of the most significant changes is that the cooldown period for Fortune Slips has been reduced to just 24 hours.

This modification allows players to participate more regularly, which may increase their in-game revenue. In addition, the Premier Bounty Board has been improved with a History tab and a Progress Tracker, making it easier for players to monitor their tasks and achievements.

As of writing, the game native token, AXS, is trading around $5.29, up 5.16% over the last 7 days, pushing its market cap to over $797 million.

Recommended for you:

[thrive_leads id=”228374″]