Supra, a Layer 1 blockchain with Multi-VM support, on-protocol oracles, on-chain randomness, bridging, and automation, is expanding its Oracle protocol to include real-world assets (RWA) such as FX currencies, stocks, and commodities. This move positions Supra at the forefront of blockchain’s transformation of financial markets. The integration of RWA pricing is being introduced through the highly anticipated version 2.0 release of the NYSE Distributed Oracle Agreement (DORA), providing accurate real-time price data of traditional assets to over 80 blockchain networks. This initiative aims to enable a new generation of decentralized applications that enhance ownership, liquidity, and access to traditional assets while addressing challenges related to Byzantine faults and data integrity in Web3 environments.
The DORA oracle, optimized for both on- and off-chain use cases, plays a crucial role in bringing deterministic real-world data to Layer 1 and Layer 2 blockchains. Powered by the innovative Moonshot consensus mechanism, Supra has demonstrated exceptional performance in global testing, processing 530,000 transactions per second with fast finality times. Real World Assets (RWA) tokenization on blockchain offers benefits such as instant settlement, enhanced transparency, and fractional ownership of assets, leading to increased liquidity in traditionally illiquid markets and new investment opportunities for retail investors.
With the introduction of RWA pricing through Supra’s Oracle protocol, decentralized applications on over 80 blockchain networks will have access to real-time data on FX currencies, stocks, and commodities. This development paves the way for novel use cases such as synthetic assets, derivatives, and next-generation financial instruments that track traditional market performance. The collaboration between Supra, Plume, and Silver Koi aims to leverage RWA assets in the DeFi landscape and accelerate the growth of RWAs with accurate and real-time data across various blockchain networks.
Overall, the integration of RWA pricing into Supra’s Oracle protocol is driven by high demand from users across network layers, DEXs, dApp developers, and investors, indicating a growing interest in RWAs. Proponents of both decentralized finance (DeFi) and traditional finance (TradFi) are optimistic about the potential of RWAs to revolutionize financial markets and drive innovation in investment and financial services industries. Supra’s commitment to providing high-quality data feeds for real-world assets on-chain contributes to the development of a robust and innovative blockchain ecosystem for decentralized trading and investment.
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https://www.investing.com/news/cryptocurrency-news/supra-expands-oracle-price-feeds-to-real-world-assets-bringing-fx-and-tradfi-data-to-the-blockchain-industry-3490096