Chainlink is solidifying its position as a key infrastructure provider in the blockchain sector, according to a report by Messari. The report highlights Chainlink's dominance in the oracle market, where it manages over $100 billion in decentralized finance (DeFi) and holds a 69.9% market share. This expansion is driving increased adoption of its native token, LINK.
Chainlink's growth is marked by its transition from a price oracle to a comprehensive on-chain finance platform. This evolution is supported by its involvement in tokenized real-world assets (RWA), institutional integrations, and the launch of Chainlink Reserve. The platform has facilitated over $26 trillion in transactions and integrated more than 2,400 projects, underscoring its expanding influence in the blockchain ecosystem.
Chainlink Expands in DeFi and RWA Markets, Boosting LINK Adoption
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