Holdstation Is Integrating Chainlink Data Streams To Power Its Smart Contract Wallet for Futures Trading

We’re excited to announce that Holdstation—a smart contract wallet that utilizes account abstraction and provides an embedded futures trading app—is integrating Chainlink Data Streams on ZKsync Era mainnet.

As part of this integration, Holdstation is allocating part of future protocol fees generated by Holdstation toward the services of Chainlink and the Chainlink Network for providing their low-latency oracle solution, future development, and technical support utilized by Holdstation. The introduction of sustainable economic incentives underlying our Chainlink Data Streams integration helps create a win-win relationship enabling Holdstation to have access to critical data infrastructure as it scales now and in the future.

Holdstation's perpetual DEX, Holdstation Defutures, currently ranks 5th among all perpetual platforms, with a 24-hour trading volume of about $160M, according to Artemis Analytics.

We chose Chainlink Data Streams as our preferred low-latency oracle solution because they supply premium high-frequency market data using proven Chainlink infrastructure. Not only does Data Streams deliver unmatched functionality—with advanced features such as liquidity-weighted bid-ask spreads and market-leading execution speed—but it does so without compromising on transparency and decentralization.

Holdstation provides an easy-to-use smart contract wallet with an embedded futures trading app. With its native adoption of Account Abstraction, the Holdstation wallet offers gas-free transactions, a secure social login that abstracts away private keys, and a fully functional DeFi futures trading application where users can access leverage.

In order to help secure futures trading, we needed on-demand access to high-frequency market data backed by decentralized and transparent infrastructure. 

After reviewing various solutions, we integrated Chainlink Data Streams because they support a multitude of critical features such as:

• Sub-second price latency: Chainlink Data Streams provide sub-second data delivery using battle-tested oracle infrastructure, enabling a highly performant user experience without compromising on Web3 values such as decentralization and transparency.
• High data accuracy: Data Streams provides reliable low-latency pricing data with high accuracy to benchmark exchanges, bolstering user confidence and protocol performance.
• Liquidity-weighted bid-ask spreads: With Data Streams, protocols receive access to a growing array of data beyond a single data point. Data Streams provide users with liquidity-weighted bid-ask spreads that enable protocols to update their risk management parameters, resulting in a more accurate reflection of market liquidity.
• Time-tested infrastructure and high uptime: Built on the Chainlink platform with proven security, hyper-reliability, and high-quality data that’s been operating in production for years, helping to enable $16+ trillion dollars in onchain transaction volume for leading DeFi applications, Data Streams delivers a strong track record of availability and uptime.

“We’re glad to integrate Chainlink Data Streams, the industry standard for sub-second price data, to power our futures trading. Lighting fast and accurate market data enables us to provide our users with a superior trading experience.”  – Trung Banh, Holdstation Project Manager, shared.

"We’re excited to see that Holdstation is integrating the ultra-low-latency Chainlink Data Streams to power its futures trading platform. Data Streams’ sub-second and highly accurate market data will help Holdstation to level-up the DeFi experience for users.”—Michael Mendes, Strategic Data Lead at Chainlink Labs.

About Holdstation

Holdstation is a "product fit the community" platform designed for seamless trading and asset management. As the top perpetual DEX on zkSync, Holdstation integrates Account Abstraction technology with its Holdstation Wallet, Holdstation DeFutures, and zkStarter launchpad, making DeFi as intuitive and accessible as CeFi. Holdstation is committed to expanding first to Berachain, unlocking new opportunities for users and driving innovative trading solutions.