PancakeSwap has revealed the incorporation of Chainlink Data Streams and Automation into the Arbitrum mainnet to access real-time price data. This integration will facilitate the prediction of round commencements and closures in anticipation of the upcoming launch on Arbitrum, leveraging Chainlink's advanced automation and low-latency Oracle solution.

Initially, PancakeSwap will integrate Chainlink Data Streams, covering pairs such as BTC/USD, ETH/USD, and ARB/USD. The focus on Chainlink Data Streams aims to access sophisticated data utilizing Chainlink's established framework, renowned for its safety features and resilience against unforeseen circumstances like exchange outages, flash crashes, and data manipulation facilitated by flash loans.

PancakeSwap, a decentralized exchange empowering users to retain ownership of their cryptocurrency assets during on-chain trading, offers reduced fees and interest on staked loans. The platform also features prediction markets and NFT collectibles.

To effectively utilize prediction markets and provide users with a secure and impartial trading environment, organizations require decentralized and transparent frameworks for high-level market data accessibility and neutralized settlement mechanisms. After thorough consideration, PancakeSwap opted for Chainlink Data Streams due to their exceptional features, including sub-second transaction times, top-notch security measures, decentralized on-chain implementation, and a well-established framework.

According to Chef Mochi, Head Chef of PancakeSwap, the integration of Chainlink Data Streams and Automation will enable the organization to expand its prediction markets, with the acquired market data proving invaluable.

Chainlink is recognized as the standard for enhancing the credibility of decentralized computing platforms on the web. It facilitates millions of transactions across various blockchains, offering connectivity to off-chain computation, real-time connectivity, and secure cross-chain interoperability, catering to a global audience of developers, financial institutions, and startups.

PancakeSwap, launched in 2020, stands as a leading multichain decentralized exchange utilizing an automated market maker (AMM) module across multiple chains, including BNB Chain, Aptos, Ethereum, Polygon zkEVM, Linea, Base, zkSync Era, Arbitrum One, and opBNB.