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Exchange rate feed clarification #1926

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May 2, 2024
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Exchange rate feed clarification #1926

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2 changes: 1 addition & 1 deletion src/content/data-feeds/selecting-data-feeds.mdx
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Expand Up @@ -237,7 +237,7 @@ The [Fast Gas Data Feed](https://data.chain.link/ethereum/mainnet/gas/fast-gas-g

The architecture of exchange rate feeds differs from that of standard market rate Chainlink Price Feeds.

**Market rate feeds** (e.g., Chainlink Price Feeds) deliver price updates based on the volume-based price discovery of a specific asset. Price data is [aggregated from across multiple sources](https://blog.chain.link/chainlink-price-feeds-secure-defi/), including centralized and decentralized exchanges, to provide an accurate representation of an asset's market-wide price.
**Market rate feeds** (e.g., Chainlink Price Feeds) deliver price updates based on the volume-based aggregated market price of a specific asset. Price data is [aggregated from across multiple sources](https://blog.chain.link/chainlink-price-feeds-secure-defi/), including centralized and decentralized exchanges, to provide an accurate representation of an asset's market-wide price.

**Exchange rate feeds** are tied to specific protocols or ecosystems and report the internal redemption rates for an asset (i.e., the value/rate at which an asset can be redeemed or exchanged within that protocol's ecosystem). This data is sourced directly from a specified smart contract on a source chain and relayed to a destination chain.

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