Supra, a fully vertically integrated Layer-1 blockchain, has announced a significant expansion of its oracle protocol’s price feeds to now include real-world assets (RWAs). This development aims to bridge the gap between traditional financial markets and the blockchain ecosystem by providing accurate and reliable real-time price data for assets such as FX currencies, equities, and commodities.
RWA Integration with DORA 2.0
The integration of RWAs is facilitated through the latest release of Supra’s Distributed Oracle Agreement (DORA) version 2.0. This advanced oracle brings real-time price data of traditional financial assets to over 80 blockchain networks with impressive latency and finality metrics. This move is set to enable a new generation of decentralized applications (dApps) that enhance ownership, boost liquidity, and increase accessibility to traditional assets .
DORA’s Capabilities
DORA 2.0 is optimized for both on-chain and off-chain use cases, including spot and perpetual decentralized exchanges (DEXes), lending protocols, and payment systems. Supra’s innovative Moonshot consensus mechanism underpins DORA, delivering high transaction throughput and robust security. This mechanism has demonstrated the ability to process 530,000 transactions per second with 500 milliseconds optimistic finality and around 1.5-2 seconds for full block finality .
Real World Assets on Blockchain
The tokenization of RWAs is poised to revolutionize financial markets by leveraging blockchain’s decentralization, security, and transparency. RWA tokens allow for instantaneous settlement, interaction with DeFi apps, and fractional ownership of traditionally illiquid assets like real estate and fine art. This transformation increases liquidity and makes new asset classes accessible to retail investors .
Collaboration with Plume and Silver Koi
Supra’s collaboration with Plume and Silver Koi further enhances the potential of RWAs in the Web3 space. Plume, a Layer-2 blockchain focused on RWAs, and Silver Koi, which aims to provide a CEX-like trading experience on-chain, both integrate Supra’s high-quality, low-latency RWA price feeds into their ecosystems. This partnership ensures that dApps across more than 80 blockchains can access real-time RWA prices, enabling novel financial instruments and synthetic assets .
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
