according to the materials from the site - By Coinwy
LYS Labs announced the launch of its trading platform Solana, LYS Flash, and a partnership with Chainlink that will enhance the platform's infrastructure through the integration of QuickNode data.
This collaboration marks an important step forward in the development of the Solana ecosystem, promising faster calculations and increased efficiency, which may attract significant interest from both developers and investors.
LYS Labs, a well-known player in the Web3 infrastructure market, has announced its new trading platform Solana and a strategic partnership with Chainlink. The launch includes integration with QuickNode aimed at increasing transaction speed and data processing. This initiative reflects LYS Labs' growing presence in the industry.
Co-founders Andra Nicolaou and Marian Oancha lead the activities of LYS Labs. They specialize in data analysis and initiatives within the Solana ecosystem. Their efforts have led to the development of LYS Flash, promising transaction processing times of 1 ms. Major industry players like Alchemy Ventures support this venture. The launch is expected to have a significant impact on Solana (SOL), increasing trading volumes and liquidity. DEX protocols such as Meteora and Raydium are ready for increased activity following this technological upgrade. Financial sponsors, including Alchemy Ventures, indicate sustained institutional interest. This interest may bolster market confidence in Solana. The LYS Labs technology aims to transform transaction efficiency, attracting attention from both developers and investors.
The blockchain event processing of LYS Labs, reaching 16 billion, highlights their ability to manage high-frequency data. As the regulatory framework evolves, achievements like LYS Flash may influence transaction standards. Market leaders continue to monitor these new technological opportunities.
Potential outcomes include broader adoption of Solana and expanded partnerships within the blockchain ecosystem. High on-chain metrics, including reduced latency and significant throughput, suggest promising technological advancements. "We are very fortunate to have such a wonderful and responsive team at Chainlink Labs helping us accelerate the realization of our idea..." — Andra Nicolaou, co-founder of LYS Labs. Collaboration with Chainlink is expected to contribute to further breakthroughs in decentralized technologies.
Financial sponsors, including Alchemy Ventures, demonstrate active institutional interest. This interest may bolster market confidence in Solana. The LYS Labs technology aims to transform transaction efficiency, attracting attention from both developers and investors.
"The team's focus on usability has led to the development of LYS Flash, which allows transactions to be conducted in 1 ms and reduces settlement times to 36 ms" — Marian Oancha, co-founder of LYS Labs
