Chainlink Disrupts DEX Markets with Game-Changing State Pricing Launch

Chainlink just dropped a bombshell on decentralized exchanges—real-time state pricing is live, and it's about to rewrite the rules.

No more guesstimates. The oracle network's latest move brings institutional-grade pricing to DeFi's wild west, giving traders razor-sharp accuracy for the first time.

Wall Street quants eat your heart out. While traditional finance still struggles with 15-minute delayed data, Chainlink's feeding DEXs millisecond-precise valuations. (Take that, Bloomberg Terminal.)

The cynical take? Banks will probably 'innovate' by licensing this tech in 3 years and claim they invented it.

Why was State Pricing introduced?

State Pricing is made especially for tokens that don’t have much trading volume on CEXs but are very active on-chain. It helps give more accurate and reliable price data for these kinds of assets. This is useful for many decentralized finance (DeFi) applications that rely on trustworthy prices.

User can use State Pricing in two ways:

• As a push-based service using Chainlink Data Feeds,
• Or as a pull-based service using Chainlink Data Streams.

At launch, State Pricing supports several tokens like wstETH, GHO, LBTC, cbBTC, ezETH, and tBTC. Chainlink intends to add additional tokens, blockchains, and DEXs in the future depending on demand. Numerous large DeFi protocols like Aave, Lido, GMX, and Curve are already utilizing or supporting the new pricing system.

State Pricing augments Chainlink’s current approaches such as a volume-weighted average price (VWAP), which averages prices according to trading volume, and a liquidity-weighted bid/ask (LWBA), which takes into account liquidity at bid/ask levels. These models offer DeFi users flexible, reliable pricing options.

All of these are part of Chainlink’s goal to give developers and DeFi users the flexibility to choose the pricing model that fits their needs best, while still relying on secure and decentralized oracles.

Also Read: TRON Adds Chainlink Data Feeds for USD1 Stablecoin