GSR, the crypto market maker has joined forces with Chainlink in order to provide price data to DONs (decentralized oracle networks) for use within Decentralized Finance (DeFi), and other smart contract applications. This partnership highlights that the blockchain industry is making progress towards interoperability as well as greater cross-platform compatibility.

In an announcement, Sergey Nazarov, the co-founder of Chainlink, said that “high-quality market data is vital to the growth of the multi-chain ecosystem.” According to Nazarov, GSR launching its data service will enable the firm to access the ever-growing blockchain economy and assist in the innovation of smart contracts.