DIA Closes Oracle Integration Via OKXChain for Data Libraries

DIA recently announced closing its oracle integration with the help of OKXChain. The smart contract platform will help DIA to propose its data libraries, enabling the rapid development of dApps and NFTfi apps.

The DIA team expressed delight about joining the OKC team, as it allows them to offer their oracle and data framework on L1 blockchains. Every Web3 developer on the OKC network can plug and play DIA’s oracles to develop multiple NFTfi and DeFi apps, and these apps will rely on the precise, crowd-sourced, transparent data feeds offered by DIA.

As a programmable and secure smart contract platform, OKC offers next-gen services to dApps. The platform was designed to enable high-performance decentralized apps at lower costs that match the compatibility standards of several Metaverse apps, NFTs, and DeFi protocols.

The platform runs on the DPoS and Tendermint consensus system, supporting over 4,000 transactions per second as OKC is established on Cosmos and offers complete EVM (Ethereum Virtual Machine) support.

The DIA network now proposes an extensive data library that includes price feeds for 18,000+ NFT collections, 20,000+ traditional financial assets, and 2,000+ virtual assets. In addition, it provides data feeds about FX rates and lending rates.

DIA houses numerous developers that garner the data from on-chain sources, including NFT marketplaces, DEXs, and DeFi protocols. This way, the platform can provide highly-precise and relevant data to seers.

The DIA network currently fetches data from 65+ sources. Moreover, it can add any publicly available asset that can be sourced. It does not matter whether the assets are listed on other exchange platforms or have sub-par trading volumes.

In addition, DIA boasts an end-to-end framework that allows the development of price oracles that can be personalized for data sources and computational methodologies. Since both projects offer several highly-advanced functionalities, the collaboration will enable premium results. 

It will add to DIA and OKC’s value proposition while benefiting the DeFi and NFTfi market.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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