Chainlink (LINK) Network Data Worth Ten-Fold In Less Than a Year

38 sec read

Tina Holmstrom

Crypto smart contracts using Chainlink’s oracle networks,  have reached a value of $75 billion in 2021.

Chainlink, the largest smart contract data provider, announced that secure smart contracts that rely on its feeds have reached a historical value of $75 billion..

The Year in Chainlink 2021 Infographic

The total value secured (TVS) increased from $7 billion at the end of 2020.

  • Chainlink’s oracles feed data such as weather and sports results from external sources to blockchains such as Ethereum, Binance Smart Chain and Avalanche. The data allows decentralized finance (DeFi) applications to trigger their smart contracts when conditions are met.
  • “Without trusted price data to trigger smart contracts, it is impossible to build DeFi applications, and we do not think it is a coincidence that the rate at which Chainlink has been able to bring new market data onto blockchains has been the rate at which developers have been able to build exciting new DeFi apps,” said Sergey Nazarov, co-founder of Chainlink.
  • In August 2021, Swisscom, Switzerland’s largest telecommunications provider announced it is launching a Chainlink oracle node to provide data for DeFi.

    Originally posted HERE

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